The No Interest Loan Scheme (NILS®) offers small loans to people on low incomes to assist with purchasing essential items and services without any fees, charges or interest rates.
Earn less than $70,000 annual income (before tax) as a single person or $100,000 annual income (before tax) if you have a partner or dependants OR Have experienced family or domestic violence in the last 10 years OR Have a Heath Care Card / Pension Card AND You can show you have the capacity to repay the loanContact us for further information.
Phone: 03 5986 1285 or Email: admin@spcsic.org
Loans cannot be used for cash, rent arrears, debt consolidation, holidays or bills. NOTE: See below for Family Violence exception.
Our trained volunteers are available for appointments between 10am – 2pm on a Monday, Tuesday and Wednesday.
To make an appointment for NILS please phone on 5986 1285, email or drop into SPCS.
Borrow up to $2000 for essential goods and services including:
- Household items like appliances, whitegoods & furniture
- Car repairs & registration
- Medical, dental, wellbeing and life event expenses
- Technology like a phone or laptop
- Education expenses like fees or uniforms
- Employment expenses like licenses or equipment
Borrow up to $3,000 for:
- Bond & rent in advance
- Rates
- Costs associated with a natural disaster
Other Helpful Information
If you haven’t chosen the exact item you’d like to buy, but know the rough amount, you can talk to us about ‘pre-approval’ to see if you’ll be eligible, then supply the invoice later. Note: No Interest Loans CANNOT be used for cash. We pay directly to the supplier.
When applying for a No Interest Loan up to $3000, there are NO credit checks. We’ll look at your income and expenses, the total loan amount, and your repayment timeframe (up to 24 months), and work with you to see if the loan is affordable. We don’t judge you on your history.
For women affected by family and domestic violence there is a FDV NILS option. Loans can be used for bond & rent, legal costs, security items, removalist and transport costs, car registration and repairs, furniture and whitegoods, utility bills, technology, medical & dental, education & employment tools/equipment .
Borrow up to $2000.
For vehicles linked to essential day-to-day use including:
- car (must be registered),
- motorcycle,
- scooter / mobility scooter,
- boat,
- first year registration and stamp duty (for purchase of vehicle).
Borrow up to $5000.