No Interest Loan Schemes

Many low income households face a major problem if they need to buy an essential household item, but don't have savings and can't get affordable credit.  Community groups have devised 'No Interest Loan Schemes' (NILSÒ) to solve this problem.

A typical NILSÒ loan is for around $800 - $1200 for a whitegoods, furniture, medical appliances or any other essential household item.  As loans are repaid over 12-18 months, the money is lent out again to other people in the community.  NILSÒ are run by local community groups such Neighbourhood Centres or charities.

• Information for Community Organisations (about running NILS®)

• Information for potential borrowers

• Information for potential sponsors

• About this website

• List of NSW NILS®

• New Scheme Kit

• NSW NAB Funding