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What is NILS®?

The No Interest Loan Scheme (NILS®) provides interest free loans

for individuals or families on low income. It’s a community-based

program that enables people to access fair, safe and equitable

credit for the purchase of goods and services.

How does it work?

When a borrower makes a repayment to a NILS® program, funds are then available as a loan for someone else in the community. This is called “circular community credit” and is a real demonstration of the community in action. 

Nils loans are not for cash, emergency relief or to temporarily alleviate financial stress.

Nils loans are for essential items only, and during high demand periods applications for critical items will be prioritised.

How much can I borrow?

Borrow up to $2000 for essentials such as appliances or furniture, to help you get your car back on the road, pay for education fees and equipment or help you cover the cost of goods and services to support your wellbeing.

What can I use a NILs loan for?

Borrow up to $2000 for essential goods and services including:

  • Household items like appliances, whitegoods & furniture

  • Car repairs & registration

  • Medical, dental, wellbeing and life event expenses

  • Technology like a phone or laptop

  • Education expenses like fees or uniforms

  • Employment expenses like licenses or equipment

Borrow up to $3,000 for:

  • Costs associated with a natural disaster

Am I eligible?

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
OR Have experienced family or domestic violence in the last 10 years
OR Have a Health Care Card / Pension Card
AND You can show you can afford to repay the loan


Would you like to apply for NILS?

Nils applications

An interview is required as part of the application process. This requires a budget of your household expenses.

A three month bank statement is required for Nils applications.

Dishonour fees, unpaid bills including electricity, payday lender loans and multiple Buy Now Pay Later transactions (AfterPay, Zip Pay, Humm) may require further documents and/or reduce the possibility of obtaining an approval.

Please press the button below to complete the online Enquiry form and submit.

Once received a NILS officer will be in contact with you.

Excluded NILS items

Loans are not approved for emergency relief, including the below:

  • Cash payment

  • Living expenses (such as food)

  • Utilities (gas, electricity, phone)

  • Debt repayment & consolidation

  • Second hand / refurbished electrical goods (except mobility scooters) &

       baby furniture

  • Outbound international airfares / holidays

  • Fines or penalties

  • Clothing (school / sports uniform the exception)

  • Comprehensive or third party / fire / theft insurance

  • New or used cars

Download the

NILS Brochure

NILs Approved Logo_Colour_edited.jpg
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