Northern Rivers Community Gateway, in partnership between Good Shepherd Microfinance and the National Australia Bank off the Step Up Loan. StepUP aims to provide access to safe and affordable credit to individuals and households on low incomes.
- A personal loans between $800 and $3,000 for terms up to 3 years with a concessionary fixed interest rate (5.99%) and no fees.
- Available to individuals and families on low incomes holding a current Health Care Card, Pension Card or eligible Family Tax Benefit Part A.
Recipients have a direct borrowing relationship with NAB and are mentored by a microfinance worker throughout the loan process and repayment period.
StepUP fills a gap in access to credit in Australia and has been designed to help individuals ‘step up’ from the No Interest Loans Scheme.
NAB is the product issuer and is subject to NAB’s credit assessment © 2014 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686