About "No Interest Loan Scheme"
No interest loans (NILs) allows you to only pay back what you borrow, nothing more. No interest, fees, or charges. Ever.
Washing machine broke down? Unexpected car repairs? Car registration due? Need a new laptop for work or school? Moving and need support with bond or rent in advance? Unexpected expenses are bound to pop up from time to time.
Partnering with Good Shepherd, we offer NILs to help you manage these unexpected expenses.
How it Works
Step 1 – Apply for NILS via the form below.
Step 2 – Once your application is approved, submit your invoice.
Step 3 – NILs will pay the cost of the item straight to the supplier or shop.
Note: NILs cannot be used for cash, bills, or debts.
How Much Can I Borrow? How Long Do I Have to Repay It?
BORROW UP TO $2,000 FOR:
- Household items – appliances, whitegoods and furniture
- Car repairs
- Medical and dental expenses
- Electronic devices – phone, laptop, tablet
- Education expenses – tuition fees, uniforms
- Employment expenses – licenses or equipment
BORROW UP TO $3,000 FOR:
- Bond on a new rental property
- Costs associated with a natural disaster
Note: The maximum loan repayment term is 24 months. Click here for the full list of categories available for use of NILs. Loans are paid directly to the supplier and cannot be used to repay debt(s) or for ongoing general living expenses like food.
Am I Eligible?
HAVE A HEALTH CARE / PENSION CARD
OR EARN LESS THAN $70,000 (BEFORE TAX) AS A SINGLE
OR EARN LESS THAN $100,000 (BEFORE TAX) IF YOU HAVE A PARTER OR DEPENDENTS
OR EXPERIENCED FAMILY OR DOMESTIC VIOLENCE IN THE LAST 10 YEARS
AND YOU HAVE LIVED IN YOUR CURRENT ADDRESS FOR AT LEAST 3 MONTHS
AND YOU CAN SHOW YOU CAN AFFORD TO REPAY THE LOAN
Ready to Apply?
Complete this application form.
Please email us the completed form to book an appointment.