#interest free loans
What is the No Interest Loans Scheme?
The No Interest Loan Scheme (NILS) provides interest-free loans for individuals or families on low incomes to access credit for the purchase of essential goods and services. As loans are repaid, the money is lent out to other members of the community to utilise this service.
Who can access this service?
Anyone who has:
- a low income or is eligible to hold a Centrelink, Health Care card or Pension card
- lived in the Local Government Area for at least three months
- demonstrated ability to commit to regular repayments
Where is the service located?
Northern Beaches NILS; Northern Sydney NILS; Newcastle NILS; Wagga Wagga NILS; Caroline Chisholm NILS; Illawarra NILS; Ulladulla NILS; Wyong NILS; Woy Woy Peninsula NILS; Hornsby NILS.
Who benefits from the No Interest Loans Scheme?
People on low incomes who wish to improve their quality of life with the purchase of essential items/services through our No Interest Loans and their families, local retailers and the local community.
Can I volunteer for this service?
Volunteers must be over 18 years old and have a background in social or financial work to apply. Volunteer places are subject to availability. Please see our Get Involved page for more volunteering opportunities.
How can I find out more about the No Interest Loans Scheme?
You may contact any of the above listed programs for more information or for NILS Schemes listed outside of St Vincent de Paul Society you can contact the NILS Hotline on 1800 509 994 weekdays from 9.30am to 4.30pm.