Somerville's No Interest Loan Scheme (NILS) provides individuals and families on low incomes with access to safe, fair and affordable credit.
Loans are available for up to $1,500 for a range of goods and services such as fridges, washing machines, furniture and medical procedures. Repayments are set up at an affordable amount over 12 to 18 months.
To be eligible for NILS you must have a Health Care or Pension card or earn less than $45,000 a year after tax ($60,000 for joint applicants or people with children). Loans cannot be used for cash, rent arrears, debt consolidation or bills.
Somerville's NILS is nationally accredited through Good Shepherd Microfinance who administer the Scheme, with the National Australia Bank providing capital for the Scheme.
National Debt Helpline
1800 007 007