Safe and Affordable No Interest Loans (NILs)

What is NILs?

A NILs (No Interest Loan Scheme) loan is designed to help people on low incomes get access to easy and affordable small loans so they can buy what they need, now.

NILs are interest free loans. That means there are no fees, no charges and no interest. You only pay back the loan amount received.

We want everyone in our community to have a fair go so we are here to help you.

If you need a small loan for an unexpected expense like vehicle registration and repairs, medical bills or home improvements then talk with us today about getting a NILs loan from Community Care Beenleigh.

ENQUIRE FOR A NILs LOAN

What can a NILs loan be used for?

NILs allows you to borrow up to $2,000 for the cost of essential goods and services including:

Household Essentials
For example, a fridge or washing machine.

Health and Wellbeing
For example, medical and dental costs.

Education and Employment
For example, school activities and uniforms.

Housing
For example, house repairs and hot water tank.

Vehicle and Transport
For example, car registration and car repairs.

What can a NILs loan NOT be used for?

No Interest Loans are NOT paid to your bank account and NO cash payment.
The loan funds are paid directly to the store OR the service provider.

Repayments:
The loans are interest free, there are no fees, and repayments are set at an affordable amount over a period of up to 24 months.

How does it work?

To qualify for the NILS loan, you need to be:

Receiving Centrelink benefit(s)
OR
Earning [for single] $70K ($57K net) or [for couple/individual with dependents] $100k ($75K net)

Additional exceptional circumstances can be considered and people that have experienced family violence can have loan limits extended.

If you meet the eligibility criteria then you can start your application by completing our NILs Loan Application Form here. We start processing your application once all the required documents are received by our NILs team.

Once approved a payment plan is worked out that works for you. Loans are repaid over a 24 month period and repayment plans are tailored to suit individual circumstances.

Credit checks:
There are no credit checks required for this loan.

AM I ELIGIBLE FOR A NILs LOAN?

You may be eligible for NILs if you:

N

are 17 years or over.

N

are an Australian citizen, permanent resident, or hold a visa that expires after the loan term.

N

meet one of the low-income eligibility criteria below:

E

have a Centrelink healthcare or pension card; or

E

earn less than $70,000 a year (before tax) for singles; or

E

earn less than $100,000 a year (before tax) for couples or people with dependents; or

E

there is a no upper income threshold if you have experienced family and domestic violence (within the last 10 years).

N

you have lived at your current address for at least 3 months (however, these criteria can be waived under exceptional circumstances);

N

and you can, and are willing to, repay the loan within the timeframe required.

What is the No Interest Loan Scheme application process?

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STEP 1: Complete NILs application form

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STEP 2: An interview with us

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STEP 3: Your application is assessed

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STEP 4: You are informed of decision

START A NILs APPLICATION