What is NILs?
No Interest Loans (NILs) provides individuals and families on low incomes with access to safe, fair, and affordable credit. Loans are available for up to $2,000 for essential goods and services such as car repairs, new fridges or washing machines, and medical or dental costs. Loans of up to $3,000 are only available for bonds or due to natural disasters. Repayments are set up at an affordable amount usually over a 12 to 18 month period.
To be eligible for NILs you must earn less than $70,000 a year after tax ($100,000 for couples or people with dependants) or hold a Centrelink Health Care Card or a Pensioner Concession Card. Loans are also available to anyone who has experienced domestic violence in the past 10 years.
No Fees – No Charges – No Interest – No Credit check is required for this loan
What can I use it for?
NILs helps people to avoid high interest loans and it can be used for items such as education expenses, laptops, health expenses, car repairs and registration, household appliances and furniture. It cannot be used for cash, holidays or fines.
How do I apply?
Fill out an enquiry form – Click here
Our staff will then be touch to explain the process to you and assist with your application. A NILs loan officer will help you develop a budget to see how much you can afford to pay back each fortnight. Some documents are required, for example, evidence of your income, bank statements and how long you have lived in the area.
We can accept applications from anyone in Victoria and all information is kept strictly confidential. We are based in Emerald, but most applications are done over phone and email. If you need to attend an office in person we can refer you to a NILs worker in your area.
