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No Interest Loans (NILS)

No Interest Loans (NILS)

Safe, fair and affordable credit for the Northern Rivers, through the national NILS program.

Overview

Access safe and fair loans.

The No Interest Loans Scheme (NILS) is a national network of loan providers offering safe, fair and affordable credit for people on a low income. Loans are available up to $2,000, with no interest and no fees or charges.

Email Us Call (02) 6621 7397

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What you need to know.

Am I eligible for a No Interest Loan (NILS)?

No Interest Loans (NILS) are intended for people who face barriers in accessing small amounts of credit on fair and reasonable terms, for the purchase of essential household goods. We are the provider of NILS for the Northern Rivers region, so are your first access point to service if you live in this region.

You must meet certain criteria to qualify for NILS:

Possess a current health care card, pension card, or receive a government benefit.
Be earning a low income.
Can show financial surplus at the end of their fortnightly budget.
Have lived at the same address for at least 3 months.

How much can I borrow and what for?

You can borrow up to $2,000 through NILS, to be repaid over 12-24 months. The loans can be used for the purchase of essential household items and goods (not for property rent, debt, cash, fines, holidays or other excluded uses).

Are there any hidden fees or charges?

No. No Interest Loans (NILS) have no interest payment or loan fees.

What is the first step towards getting a No Interest Loan (NILS)?

To get started in applying for a No Interest Loan (NILS), you can call us on 02 6621 7397, email nils@nrcg.org.au or drop into our Lismore Community Hub at 76 Carrington Street, Lismore, NSW 2480.