No Interest Loan Scheme loans can be used for the purchase of essential goods and services up to $1500. Repayments are set at an affordable amount over 12 to 18 months.
An Intereach staff member will meet with you to explain the process and gather the information required. It is then submitted for assessment. Intereach delivers NILS loans in partnership with Good Shepherd Microfinance.
Frequently asked questions
To be eligible, you must have:
- A Health Care Card/Pension Card or earn less than $45,000 a year after tax ($60,000 for couples or people with dependants);
- Have lived in your current or previous address for at least 3 months; and
- Can show that you have a capacity to repay the loan.
Loans are interest free, have no application fee and repayment plans are agreed upon to suit your circumstances. The repayments are deducted from your Centrelink benefit through the Centrepay system.