No Interest Loan Scheme (NILS)

Are you eligible for a NILS no interest loan to buy essential household items?

Have you ever needed to replace an essential household item, medical goods or other worthwhile items but didn’t have the money upfront?

Are you a low income earner and currently receiving CentreLink benefits?

Then the NILS® loan scheme may be able to assist you with a loan for up to $2,000 (depending on what CentreLink benefit you receive). You are able to repay your loan over a period of 12 months without the burden of interest or any other charges.

It provides low income earners with access to credit without the burden of interest or any other charges.

The money comes from a ‘loan pool’ – borrowers support the scheme by repaying their loan so that other people may borrow the money (borrowers can apply for another loan if they have repaid in full and on time).