The No Interest Loan Scheme (NILS – Good Shepherd) provides individuals and families on low incomes with access to safe, fair and affordable credit with no fees or interest payments.
Loans are available for up to $2,000 for most items and services such as fridges, washing machines, laptops, school uniforms/books, vehicle or house repairs, furniture, TV’s, medical and vet procedures. Loans are also available for up to $3,000 for Rental Bonds.
NILS Loans cannot be used for cash, living expenses such as rent, food, debt consolidation, holidays, fines, utilities, insurance or bills.
Loan Repayments are set up at an affordable fortnightly amount, from 12 to 24 months. Loan application interviews at the Centre must be pre-booked and please allow 1 hour for the interview.
Eligibility – to be eligible for a NILS loan, you must:
- Hold a Centrelink Health Care Card or Pension Card; or earn $57,000 or less per year after tax for singles, or $70,000 for couples.
- Have lived at the current address for > 3 months, or > 6 months previous address.
- Demonstrate the capacity and willingness to repay the loan.
Documents Required before the Loan Application Interview:
Email your name, address, phone number and scans or files of ALL the following documents to: nils@andrewscentre.org. Then call 97004944 to arrange an interview time for a NILS Loan.
- Identification : 100 Points ID Check e.g. Driver’s License, Passport, Birth Certificate, plus Medicare Card or Pension Card.
- Rental Agreement, Rent Payment Statement, Home Loan Statement or Statutory Declaration covering rent/board arrangements.
- Centrelink Income Statement (Recent) and 2 recent Payslips (if salary credits not on Bank Statements)
- Bank Statements (last 3 months and no older than 2 weeks essential and must include Transaction details, Debit and Credit amounts and Balances) for all bank accounts and must show Rent, Mortgage, Utility expenses, otherwise provide original bills. Alternatively, simply use this link to send your bank info: https://scv.bankstatements.com.au/NILS-ENMI
- Credit statements for all Loans and Buy Now Pay Later statements (e.g. Afterpay, Zip, Cash Converters) 15-day summaries (screenshots).
- Quote for Goods or Services – must be on a Letterhead Invoice with ABN, phone number, bank details, item make and model number and purchase price, including GST. Screenshots may be accepted with Supplier name, Product info & Price.
