What can I use a NILs loan for?

Borrow up to $2000 for essential goods and services including:

• Household items like appliances, whitegoods & furniture
• Car repairs
• Medical, dental, wellbeing and life event expenses
• Technology like a computer or laptop (up to $2000 limit)
• Technology like a phone, tablet and all other electronic devices (up to $1000 limit)
• Education expenses like fees or uniforms
• Employment expenses like licenses or equipment

Borrow up to $3,000 for:

• Bond on a new rental property
• Costs associated with a natural disaster

NILs can not be used for cash, bills, rent or debts.

Am I eligible?

You are eligible for a NILs loan if you:

• have a Health Care Card / Pension Card
• OR earn less than $70,000 (before tax) as a single
• OR earn less than $100,000 (before tax) if you have a partner or dependents
• OR have experienced family or domestic violence in the last 10 years
• AND you have lived at your current address for a minimum of three months

AND you can show you can afford to repay the loan (Centrepay and direct debit available)

What do I need to apply?

When you apply, you’ll need to provide

• 100 points of ID (such as a driver’s license, passport, Medicare card, Centrelink card, bank card or bills, including something to verify your address)
• Details about your financial situation (bank statements and/or banking details, payslips and/or current Centrelink statement, plus an estimate of your regular expenses)
• Information on existing debts (such as buy now pay later, payday loans or rent-to-buy)
• A quote or invoice that shows: the date, a description of the item/service, the supplier’s details (business name, ABN, address, phone or email), banking or payment details, and the payment amount with delivery included.
• 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.