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No Interest Loans - NILS

What is NILs?

No Interest Loans (NILs) enables people and families with access to fair, safe and affordable credit to purchase essential goods and services to the maximum value of $2000. Loans are free from fees, charges, and interest.  Pay back only what you borrow.  NILs is a smart choice financial option to help you pay for essentials and get what you need right now.  No Fees. No Charges. Ever.

proudly funded by Good Shepherd Australia

What can I use a loan for?   

Essential goods and services including:

  • Household items like appliances, whitegoods & furniture

  • Car repairs

  • Medical, dental, wellbeing and life event expenses

  • Technology like a computer or laptop

  • Technology like a phone and all other electronic devices (up to $1000 limit)

  • Education expenses like fees or uniforms

  • Employment expenses like licenses or equipment

Loans are paid directly to the supplier and cannot be used for cash, bills, rent or debts.

Am I Eligible?

You are eligible for a No Interest Loan if you:

  • have a Health Care Card / Pension Card

  • OR earn less than $70,000 (before tax) as a single

  • OR earn less than $100,000 (before tax) if you have a partner or dependents

  • OR have experienced family or domestic violence in the last 10 years

  • AND you have lived at your current address for a minimum of three months

  • AND you can show you can afford to repay the loan (Centrepay and direct deposit available)

 
 
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What Documents Do I Need?

Email through the below documents to nils@shac.org.au, or you can drop them off to the office at 3 Brisbane Street, Parramatta Park.

  • 100 points of ID:

    • At least 1 or 2 from this category (70 points for each document): Driver’s licence, passport, proof of age card, birth certificate, citizenship certificate, pension card

    • If the total of the document above doesn’t add up to 100 points, provide as many of the following documents to achieve 100 points (30 points for each document): Medicare card, a utility bill, ID card, rate notice, ID card, tertiary education institution photo ID

  • Current Centrelink (Income statement, Deduction statement) OR (Detailed income and asset statement) & last 3 pay advice if applicable. These documents should be less than 14 days old.

  • The most recent 90 days of bank transactions from all the bank accounts, including saving accounts. If transfers are present in your main account, we will also require those bank transactions. These documents should be less than 14 days old.

    • If you are using online banking, SHAC NILs has a new service to help you obtain the bank statements to support your NIL application.

    • This free service is provided by an Australian company, and it takes less than a minute to complete. Should you wish to proceed with this, please click on the following link to start: https://scv.bankstatements.com.au/NILS-SHAC. Simply choose your bank, enter your online banking details, select your accounts and press submit. Your statements will be sent directly to us.

    • Please note: Using bank scraping (Illion banking) is voluntary and you can always send your current 90 days bank statements to us directly.

  • Proof of housing tenure: Rental Agreement/Lease OR Mortgage Statement or Rates Notice OR Statement of Rental Payments/Rental ledger OR Statutory Declaration if above is not available or if you are boarding.

  • Official quote of all items required - with business ABN and business bank details for payment.

  • Statements of any payday or rent to buy loans if applicable.

 

Get in touch with us: NILs

If you would like to know more about NILs, please fill out the form below, and a SHAC worker will be in contact with you shortly.

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