Step UP Personal Loan

Step-Up-Loan-250On the 8th September 2009, SHAC, in conjunction with Good Shepherd Youth and Family Service and the National Australia Bank, launched two new Microfinance programs for the region.

The model

Step UP loans will provide eligible low income earners access to loans of up to $3000.00. Loans can be used for the purchase of essential household, educational & medical equipment, and second hand cars & repairs. Interest is charged at a rate of 5.99%. Step Up provides access to larger amounts of affordable credit as well as supporting linkages to the mainstream financial sector.


  • Possess a Health Care Card
  • Have resided in current accommodation for at least three months
  • Have capacity to repay
  • Have a willingness to repay
  • Have no 'uncleared' items on credit history
  • Payment is via direct debit or deposit

Service Provision

  • Program offered three days per week


NAB is the product issuer and is subject to NAB's credit assessment (c)2014 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686'.