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No Interest Loans - NILs

We support low-income earners by providing small loans and engage in practical conversations to increase our clients' financial awareness.

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Fair Finance

So many families in Australia today are burdened by the cost of living

As an organisation that works closely with individuals and families suffering from financial hardship, BaptistCare HopeStreet is all too aware of what happens when someone doesn’t have access to fair and affordable financial support.

So many families in Australia today are burdened by the cost of living; the increasing costs of electricity, gas, rent and petrol. Now throw in children’s school uniforms and stationery, a visit to the doctor, and the cost of food.

People experiencing financial hardship, whether receiving government support or on low incomes, often have to choose between putting food on the table, or paying bills.

Consider then, costs like replacing a fridge, fixing a washing machine, buying a computer to study, needing dental work or repairing a car necessary for travel to work.

Often with poor credit history, or a string of bad debt and no spare cash, having to find the funds for these every day or emergency costs can lead to substantial hardship. Fast-cash traps such as payday lenders and loan sharks seem like a good idea, initially.

For women who are victims of domestic violence, without access to money or any financial security, they can feel trapped and unable to leave an abusive relationship. Many women who do leave are forced into homelessness with their children, have debt from their former partner and are unable to access safe housing or afford rental payments.

No Interest Loans Scheme (NILS)

We've teamed up with National Australia Bank, Good Shepherd Microfinance and NSW Office of Fair Trading to provide No Interest Loans (NILs)

Our aim is to work with you to create a budget, and put you in touch with services who offer assistance with managing finances, which further empowering you to make informed financial decisions.

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About the Loans

How much can I borrow?

Borrow up to $2,000 for essentials such as appliances or furniture, to help you get your car back on the road, pay for education fees and equipment or help you cover the cost of goods and services to support your wellbeing.

Borrow up to $3,000 for housing related expenses such as bond or rent in advance, or for recovery from a natural disaster.

What can I use a NILs loan for?

Borrow up to $2,000 for essential goods and services including:

  • Household items like appliances, whitegoods & furniture
  • Car repairs & registration
  • Medical, dental, wellbeing and life event expenses
  • Technology like a phone or laptop
  • Education expenses like fees or uniforms
  • Employment expenses like licenses or equipment

Borrow up to $3,000 for:

  • Bond & rent in advance
  • Rates
  • Costs associated with a natural disaster

Am I eligible?

You may be eligible if any of these apply to you:

  • You earn less than $70,000 annual income (before tax) as a single person or $100,000 annual income (before tax) if you have a partner or children
  • Have experienced family or domestic violence in the last 10 years
  • Have a Health Care Card / Pension Card
  • You can show you can afford to repay the loan

A hand up

Imagine if people were given a hand up though? An opportunity to break the cycle of poverty and debt. Access to basic financial support like a bank account, responsible amounts of credit and general insurance.

We think we can turn this around and we’re passionate about giving people a way out of poverty. Right now, one in eight Australians don’t have this. Let’s give them a new beginning.

Get In Touch

Contact us to discuss your individual needs in confidence or learn more about how we can help.

Enquire about a loan by calling 1300 275 227 or by filling in the form below.

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