No Interest Loan Scheme (NILS)

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

If you a low income earner and currently receiving CentreLink benefits then you may be eligible to apply for the NILS® loan.

The 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.

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).

Requirements to qualify for a NILS loan

Can you answer Yes to the following: 

Earn less than $70,000 annual income (before tax) as a single person or $100,000 annual income (before tax) if you have a partner or children
1. Have lived in your current premises for minimum 3 months 2. Have experienced family or domestic violence in the last 10 years
3.Have a Health Care Card / Pension Card AND You can show you can afford to repay the loan