Emergency Assistance: 07 4774 0144

No Interest Loan Scheme (NILS)

Nils-Logo3

The No Interest Loan Scheme (NILS) provides interest free loans to low-income individuals or families. The loans are for purchasing items up to $1,200.00. 

NO Fees, NO Charge, NO Interest.

What are the Loans for?

Loans are generally available for the purchase of essential goods and services.

These may include:

  • Household items like fridges, washing machines, stoves, dryers, freezers and some furniture
  • Some medical and dental services
  • Educational essentials such as computers and text books
  • Some car related items

How does it work?

no1

Enquire

Call 4774 0144 or use the enquiry form below for more information and an application form.

no2

Gather Documents

All the necessary information required in the application form.

no3

Assessment

The loans committee will make an assessment on your application, this can take up to 2 weeks.

no4

Approval

Once approved, we will agree on affordable repayments over 12 to 18 months.

How NILS works in your community

With manageable repayments and a respectful assessment process conducted by our accredited Upper Ross NILS program, NILS works through a process of circular community credit. When a borrower makes a repayment to NILS, funds are then available to someone else in the community.

Do I qualify for NILS?

To qualify you must:

  • Have a Health Care Card/Pension Card or be on a low income;
  • Reside in the Upper Ross at your current premises for more than 3 months;
  • Show a willingness and capacity to repay

How NILS works in your community

With manageable repayments and a respectful assessment process conducted by our accredited Upper Ross NILS program, NILS works through a process of circular community credit. When a borrower makes a repayment to NILS, funds are then available to someone else in the community.

NILS-flowchart-2

Do I qualify for NILS?

To qualify you must:

  • Have a Health Care Card/Pension Card or be on a low income;
  • Reside in the Upper Ross at your current premises for more than 3 months;
  • Show a willingness and capacity to repay

A community focused initiative of Good Shepherd Microfinance.

Good-Shepherd-Logo

Application Form

Download an application form to get started.

Contact the NILS Program Officer

TinaTina Glenwright
NILS Officer

Phone:  07 4774 0144
Fax:  07 4774 0909

1/43 Allambie Lane, Rasmussen  QLD  4815

 

Invalid Email
Invalid Number