NO INTEREST
LOAN SCHEME
The No Interest Loan Scheme offers people on low incomes safe, fair and affordable loans for fridges, washing machines, furniture, computers as well as sports/educational, medical expenses and more.
Payment plans are flexible and customised to applicants’ financial circumstances. A budget will be completed to ensure repayments are affordable.
Appointment times and locations:
Eligibility Requirements:
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Have a Health Care/Pension Card or earn less than $45,000 (after tax)
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Show a willingness and capacity to repay
Documentation Required:
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Recent Centrelink Income Statement/pay slips (yourself and your partner)
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Recent bank statement or transactions for the past 90 days (yourself and partner)
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Rental ledger/statement/mortgage statement showing recent rent/repayments
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Council rates, strata bills if home-owner
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Quotes for goods or services
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Details/statements of any credit commitments such as loans, credit cards, fines, rent to buy etc
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Copies of most recent energy, water, phone bills
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Proof of identity (must include one photo ID, ie Driver’s License, Passport etc)
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Alternate contact person details (name, email and phone)
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Details of household expenditure eg groceries, rates, car running costs etc
More information: http://goodshepherdmicrofinance.org.au/services/no-interest-loan-scheme-nils/
Subsidised white goods are also available for purchase through NILS for eligible clients with a Centrelink Reference Number.
https://appliance.environment.nsw.gov.au/Products