In partnership with
No Interest Loans
NHVic is proud to support Good Shepherd and the 'No Interest Loan' program.
No Interest Loans (NILs) provide individuals and families on low incomes or who have been impacted by domestic and family violence with access to safe, fair, affordable credit with no fees and charges applied.
Unexpected costs may come up now and then, such as a broken washing machine, sudden car repairs, a need for a new laptop for work or school, re-establishing after fleeing domestic violence, and more.
NILs can help you manage your money and you only pay back what you borrow, nothing more.
Am I eligible?
To be eligible for the No Interest Loans, you must:
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hold a Health Care Card / Pension Card and/or
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or earn gross $70,000 p.a. (Net $57,000 p.a.) for singles or gross $100,000 p.a. (Net $75,000 p.a.) for couples or people with dependents
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or have experienced family or domestic violence in the last 10 years
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can show that you are able to afford to repay the loan
Note: A NILs for vehicles loan also requires a credit check
For more information, contact Good Shepherd by visiting their Website or calling 13 6457 (13 NILS)
There are two types of loans offered through this program:
Title | For essential goods and services |
|---|---|
Loan purpose | Borrow up to $2,000 for essential goods and services: |
Whitegoods (fridge, washing machines) | |
Electrical appliances (TVs, tech devices, heaters and more) | |
Car repairs | |
Household repairs | |
Medical and dental | |
Other essential items as requested | |
Fees, interest and charges | $0 |
Interest | 0% |
Loan amount | $100 - $1,500 |
Loan period | 12-24 months |
Typical repayment | $58 / fortnight |
Repayment method | Centrepay, direct debit |
Credit check required | No |
Can I use the loan for cash, bills, rent, debts and bond?* | No |
For more information, contact Good Shepherd by visiting their Website or calling 13 6457 (13 NILS)
If the NILs program isn't able to meet your needs, check if there is another financial assistance option that's more appropriate, or reach out to:
Good Money Stores
