Northern Rivers No Interest Loan Scheme (NR NILS)
The Northern Rivers No Interest Loan Scheme (NR NILS) provides interest and fee free loans to people with low incomes who live in the Northern Rivers Region from Grafton to Tweed.
NILS offers a viable alternative for people who face barriers in gaining access to small amounts of credit on fair and reasonable terms for the purchase of basic and essential household goods.
How much can I borrow?
Up to $1200. (please note eligibility criteria applies and all applications are assessed on an individual basis)
What can I purchase with a NILS loan?
- NILS loans can be used to buy essential household items such as fridges and washing machines, essential electrical goods, furniture and approved medical equipment.
NILS will not provide loans for second hand goods, car purchases or repairs, emergency relief, debt repayment, tenancy bonds or general living expenses, e.g. phone, or where other affordable and fair options are available.
How do you know if I am eligible for a NILS loan?
If you answer 'yes' to the following questions you are eligible to apply for a No Interest Loan through Lismore Neighbourhood Centre:
- Are you on a low income, e.g. the holder of a health care card?
- Have you lived in the Northern Rivers post code areas for at least the past six months?
- Do you have the capacity to repay the loan?
- Are you unable to qualify for other affordable finance?
*There are limitations to the amount you can borrow. All applications are assessed on an individual basis.
NILS outlets (Northern Rivers)
Northern Rivers Community Gateway (formerly Lismore Neighbourhood Centre) | 76 Carrington St Lismore | ph: (02) 6621 7397 | fax: (02) 6622 0235
Murwillumbah Community Centre | Nullum St Murwillumbah | by appointment only, call (02) 6621 7397 for an application form and ask to make an appointment for Murwillumbah NILS.
Kentwell Community Centre | 20 Bangalow Rd, Ballina | by appointment only, call (02) 6621 7397 for an application form and ask to make an appointment for Ballina NILS
68 Summerland Way Kyogle | by appointment only call (02) 6621 7397 for an application pack and to make appointment | fax: (02) 6622 0235
Shop 2-70 Prince St Grafton (behind Low-Pressure surf shop)| by appointment only,call (02) 6621 7397 for an application form and ask to make an appointment for Grafton NILS
35 Walker St Casino | by appointment only, call (02) 6621 7397 for an application form and ask to make an appointment for Casino NILS
NILS is community credit and prompt and complete repayment of your loan means that NR NILS can lend out the money to other people in your community who are also in need of this service.