NO FEES NO CHARGES NO INTEREST

NILS Loans are available for essential goods and services such as fridges, washing machines, car repairs and medical expenses and school fees for up to $1,500.

Repayments are then set at an affordable amount over a 12 to 18 month time period.

A NILS loan has no interest, no fees, no charges ever.

Every year, we help parents and carers on low incomes (in particular those on Centrelink) to apply for a NILs loan of up to $1,500 to cover the cost of essential school items such as uniforms, books, laptops, stationery, school camps, and musical instruments(as well as other essential such as washing machines, fridges, car repairs, medical and dental expenses).

What is a NILs loan?

A NILs loan is a safe, affordable alternative to high-interest payday loans or rent-to-buy leases. It’s not a payday loan or a bank loan but a form of ‘circular community credit'. This means when a borrower makes a repayment to NILs, the funds are then released to someone else in the community. NILs is supported by not-for-profit Good Shepherd Australia New Zealand, with funding from the Australian Government in partnership with NAB.
For further information, View: https://www.vinniesnils.org.au/what-is-vinnies-nils