Good Shepherd Microfinance

VIEWING AUSTRALIAN SITE

A community focused initiative of Good Shepherd Microfinance goodshepherdmicrofinance.org.au

FIND your nearest provider

WHAT IS NILS?

The No Interest Loan Scheme (NILS) provides individuals and families on low incomes with access to safe, fair and affordable credit.

Loan are between $300 and $1,200 for essential goods and services such as fridges, washing machines and medical procedures. Repayments are set up at an affordable amount over 12 to 18 months.

To be eligible for NILS you must have a Health Care Card or earn less than $45,000 a year (after tax). Loans cannot be used for cash, bond, rent arrears, debt consolidation, holidays or bills.

NILS Location Map

NILS is offered by more than 250 local community organisations in over 650 locations across Australia. Chances are there’ll be a local NILS provider near you.

Find your local loan provider

Click here

What are the Loans for?

Loans are available for the purchase of essential goods and services.

These may include:

  • Household items like fridges, washing machines, stoves, dryers, freezers and furniture
  • Some medical and dental services
  • Education essentials such as computers and text books
  • Some other item as requested

Loan purposes

  • Fridge Fridge
  • Furniture Furniture
  • Car Related Car Related
  • Washing Machine Washing Machine
  • Electrical Goods Electrical Goods
  • Computer Computer
Our loans can't be used for
  • Rent or Bond

    Rent or Bond

  • Bills

    Bills

  • Cash

    Cash

  • Holidays

    Holidays

Marisol
With NILS, there's no interest. You only pay for what you get. - Marisol

DO I QUALIFY
FOR NILS?

To qualify you must:

  • Have a health care card/pension card
  • Reside in your current premises for more than 3 months
  • Show a willingness and capacity to repay

How Does it Work?

  • 1. Enquire Enquire

    Enquire about a loan now or call 13 NILS (13 64 57).

  • 2. Interview Interview

    Bring your documentation to a meeting with a local loan provider.

  • 3. Assessment Assessment

    Your loan application is assessed.

  • 4. Approval Outcome

    You are informed of the outcome of your loan application and agree repayment terms.

Find your local loan provider

How Does NILS Work
In your community?

NILS isn’t a payday loan and it’s not a bank loan. NILS works through a process called 'circular community credit'. This means when a borrower makes a repayment to NILS, the funds are then available to someone else in the community.

Ray
I was very relieved that I could get these items and then pay them off at an amount I could comfortably afford. - Ray

Who is GOOD
SHEPHERD
MICROFINANCE?

Good Shepherd Microfinance is Australia's largest microfinance organisation.

We offer a range of people-centred, affordable financial programs for people on low incomes at different financial stages of their lives.

Our aim, together with those of our community partners, is to enable clients to realise their own economic wellbeing, as they define it themselves, through appropriate financial services. As a result, people feel valued, accepted, included and in control of their own finances and lives.

  • 650 Locations Accross Australia 650

    LOCATIONS ACROSS AUSTRALIA

  • 650 Locations Accross Australia 140,000

    PEOPLE REACHED

  • 650 Locations Accross Australia 1,300

    DEDICATED MICROFINANCE WORKERS AND VOLUNTEERS

Rhonda
When I found NILS I was overjoyed as there is no interest. - Rhonda