The No Interest Loan Scheme (NILS) is a community managed microcredit state-wide program providing fee-free and interest-free loans of up to $1,200. The loans are available to people on low incomes for the purchase of essential goods and services such as fridges, washing machines and some educational and medical expenses.
NSW Fair Trading’s NILS Funding Program objectives are to:
The objectives of NILS services are to facilitate access to interest free microcredit by low income earners by:
Current funding period for the program is 1 July 2014 to 30 June 2017.
$2.4 million per annum has been made available for the program.
NSW Fair Trading is committed to consumer protection and social justice and strives to ensure that the community has access to information and consumer help. This includes, in part, funding organisations that provide services to low income and disadvantaged clients throughout NSW.
Program guidelines in PDF format (size: 316kb)
Services currently funded under the program in PDF format (size: 200kb).
Contact Community and Industry Grants Branch at email@example.com or phone 9619 8731.
For information on your nearest NILS provider call: 1800 50 9994.
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