No Interest Loans Scheme - NILS
The No Interest Loan Scheme (NILS) provides individuals and families on low-incomes access to safe, fair and affordable credit. There are no fees, charges or interest.
Loans are generally available for the purchase of essential goods and services. The loan amount can vary from $300 to a maximum of $1200. Repayments are set up at an affordable amount over a 12 to 18 months period.
Essential items that can be purchased using the NILS include:
- Household items like fridges, freezers, washing machines, stoves, clothes dryers and some furniture
- Some medical and dental services
- Educational essentials such as computers and text books
- Some other items as requested.
Women Up North Housing has worked in collaboration with Lismore Community Gateway to meet with and assess individuals and families for access to this scheme. Thank you to Lismore Community Gateway for partnering with us to provide this essential scheme to vulnerable people.