The convenience of Fair Finance
As soaring living costs continue to affect the lives of everyday Australians, we’re seeing more and more people needing affordable and flexible finance options.
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19 October 2022
Mary was using her car to travel to the laundromat, spending up to two hours waiting for the wash cycle to finish, then returning home to fill her house with wet clothes to dry.
Finding herself without essential home appliances, the Central Coast resident needed financial assistance fast.
With the help of BaptistCare HopeStreet’s No Interest Loan Scheme (NILs) she was able to obtain a new fridge and washing machine, having the convenience of white goods that so many Australians take for granted.
“I had a washing machine and it died. I was going to the laundromat, and it was actually getting very expensive and time consuming. NILs saved my time and energy,” Mary explained.
The laundromat was too far to walk. Carrying wet clothes that distance was a struggle. While Mary says living without a washing machine is possible it’s also ‘difficult and awkward’ especially as she ages.
Before Mary’s washing machine blew up, she’d relied on three other no-interest loans to help her with living expenses.
They helped pay for car maintenance and home furnishings when moving into her own place when her son – who’s apartment she was house-sitting - returned from deployment overseas.
Repayments on fair finance loans can be made over a 24 month period with no interest or fees for low income earners. There’s also an opportunity to draw down on the loan after six months.
“BaptistCare was able to help me when I needed a NILs for a fridge and a sofa bed. Because my six months was up, I got an extra top up to get the washing machine.”
Mary says no-interest loans are ‘wonderfully helpful,’ especially as things can come up unexpectedly. And the repayments are straightforward. “It just comes out of my Centrelink money. Other loans can be so expensive!”
“It was an easy process...I just filled out all the forms and got them back to Lauren, my NILs coordinator, and it just went ahead which is lovely. She was so helpful,” said Mary.
As soaring living costs continue to affect the lives of everyday Australians, we’re seeing more and more people needing affordable and flexible finance options.
We're witnessing the desperation and pressure families and individuals are experiencing due to the increased cost of living.