On 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.
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.
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'.