No Interest Loans (NILS)
How the No Interest Loans Scheme Works
No Interest Loans are available to help people on low incomes to buy essential household items or services. Watch the clip or read below to see who is eligible, how the No Interest Loans Scheme (NILS) works and how to apply for a No Interest Loan.
What is NILS?
No Interest Loans are available to buy essential household items, rental bond or services.
You only repay the amount borrowed – no interest and no fees.
Easy automatic repayments are available.
How much can I borrow?
Borrow up to $2000 for essentials such as appliances or furniture, car repairs, medical, dental or vet expenses. Loan limit for phones and tablets is $1,000.
Borrow up to $3000 for bond on a new rental property or for recovery from a natural disaster.
Am I eligible?
To be eligible, you must:
Have a Health Care/Pension Card
OR Earn less than $70,000 per year before tax if you are single
OR $100,000 per year if you are a couple or have dependants.
OR Have experienced family or domestic violence in the past ten years.
AND you have lived at your current address for a minimum of three months
AND You can show you have the capacity to repay the loan (Centrepay and direct debit available).
How does it work?
NILS is circular community credit. Every repayment you make, can then be used by someone else.
What can you buy with NILS?
Household Equipment like fridges, washing machines and clothes dryers
Technology, including laptops and other computer equipment
Household Furniture Items like beds, lounge suites or baby furniture
Outdoor Equipment such as lawnmowers or barbeques
Health Items, for example, asthma pumps, dentistry, optometry
Motor Vehicle-related registration, repairs, tyres and selected other costs
NILS can’t be used for rent, bills, debt or cash
How long does the assessment take?
Once a loan application is submitted, it typically takes 24-48 hours when the loan assessor will contact you with your outcome.
The loan application process can be done in less than an hour if you bring the enquiry form and all supporting documentation beforehand.
Bridging the Gap, in partnership with Good Shepherd, is proud to be an accredited NILS provider.
Our service is called Nepean NILS, and we serve the Penrith and Blacktown Local Government areas.
How Can We Help You?
Recent Posts
Hannah’s Story
Hannah was anxious in groups Hannah is a year 9 student who attended Bridging the Gap’s intensive 8-week program for High School students – “I Can”. Hannah’s teachers referred her to the program as she was becoming less and less…
Teaching Teenagers Personal Boundaries
Teenagers live in a culture where boundaries seem to be non-existent. So, teaching them about your own personal boundaries will help them think about developing their own boundaries and how to respect other people’s personal space, time and belongings. When…
Bridging the Gap – Now a Registered NDIS Provider
People who have Therapeutic Support included in their NDIS plan can receive Counselling, Expressive Art and Play Therapy services at Bridging The Gap. Therapeutic Support enables people to take charge of their future and to live the life they choose. NDIS…
Call Now
Make An Enquiry
Donate Now
