Car
Up to $5,000Up to 48 months
NILs for Vehicles
For you transport needs.
About NILs for Vehicles
Car has finally packed it in but you can’t survive without it? Don’t have the cash to replace it?
Before you turn to a high interest lender, consider NILs for your next vehicle purchase.
Borrow up to $5000 for the purchase of a vehicle linked to day-to-day essential use – a car, scooter, motorcycle or mobility scooter. (Not available for e-scooters)
How it works
NILs will pay the cost of the vehicle straight to the supplier (Car Dealer / Seller).
- Loans are interest free with no fees or charges
- Loan amounts of up to $5,000 are available
- Repayment terms are generally up to 48 months
- A credit check is required for a NILs for Vehicles loan
Eligibility
To apply for a NILs for Vehicles loan, you’ll need to:
- have a Health Care Card or Pension Card; or
- earn less than $70,000 before tax as a single person, or less than $100,000 before tax if you have a partner or children; or
- have experienced family or domestic violence in the last 10 years.
You’ll also need to show that:
- your rent or mortgage and household bills are up to date.
- you are keeping up with any current loan repayments.
- you do not have unpaid debts listed on your credit report.
- you have enough money left in your budget after regular expenses.
Product Information
You can borrow for vehicle purchase in the following categories:
Scooter
Up to $5,000Up to 48 months
Motorbikes
Up to $5,000Up to 48 months
Mobility Vehicles
Up to $5,000Up to 48 months
Excluded NILs items
In addition to the eligibility criteria above, we cannot approve a NILs for Vehicles loan in the situations listed below. This helps ensure the loan is suitable and affordable for your circumstances.
- Give CASH to purchase a vehicle
- Are currently bankrupt
- Have open credit accounts without an active payment plan
- Have defaults on your credit file over $500
You may be asked to provide
- Identification - 100 points of ID(such as a Driver’s License or Passport, Medicare card or Health Care Card, bank card or bills, something to verify your address)
- Proof of incomebank transactions and / or Centrelink statements and / or payslips
- Information that helps us determine you can repay the loanbank transactions for all accounts and any other information on existing debts and bills
- A quote or invoice for the item or servicethe supplier’s details (business name, ABN, address, phone or email, banking or payment details), and the payment amount including delivery
