No Interest Loans Scheme (NILS)

How does NILS work?

Submit your invoice with your application and NILs will pay it straight to the supplier / vendor. Loans cannot be used for cash, bills, debts or rent.

What can I use a NILs loan for?

Borrow up to $2000 for essential goods and services including:

• Household items like appliances, whitegoods and furniture
• Car repairs
• Medical, dental, wellbeing and life event expenses
• Technology like a computer or laptop (up to $2000 limit)
• Technology like a phone, tablet and other small electronic devices (up to $1000 limit)
• Education expenses like fees or uniforms
• Employment expenses like licenses or equipment

Borrow up to $3000:

• Bond on a new rental property
• Costs associated with a natural disaster

NILs cannot be used for cash, bills, rent or debts.

To apply we will require the following documents:

• Photo ID
• Proof of your Income
• Proof of residence
• (Rent ledger, council rates if property is owned by you along with water rates)
• Last 90 days bank transactions (not statements)
• Latest electricity, gas, phone, internet bill
• Current loans or rentals within last 3 months
• Quote for loan item on a Company letterhead.

The letterhead must include, ABN and bank details, eg. Good Guys, Fantastic Furniture or Mechanics. Make, model & cost of the item.

How much can I borrow?

Borrow up to $2000 for essentials such as appliances or furniture, car repairs, a new computer or laptop, medical, dental or vet expenses. Borrow up to $3000 for bond on a new rental property or for recovery from a natural disaster.

Am I Eligible?

• I have a Health Care or Pension Card OR
• I earn less than $70,000 (before tax) annual income as a single OR
• I earn less than $100,000 (before tax) annual income and I have a partner or dependents OR
• I have experienced family or domestic violence in the last 10 years AND
• I have lived at my current address for a minimum of three months AND
• I can afford to repay the loan