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No interest loan scheme program - NSW NILS services 

Program summary

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:

  • provide funding for the employment of a full-time NILS state co-ordinator in NSW, and an officer to operate a NSW NILS 1800 freecall telephone service. This telephone service provides prospective loan applicants and community organisations in New South Wales with affordable access to information on Loan Scheme availability in their area
  • provide funding contributions for salaries and salary on-costs of employees of community based, non-profit organisations that operate in NSW to provide these interest free loans

The objectives of NILS services are to facilitate access to interest free microcredit by low income earners by:

  • providing information on the operations of NILS to its clients and the local community
  • interviewing NILS loans applicants and assessing their eligibility
  • overseeing the loan application process
  • organising the repayment of loans
  • providing support to loan recipients in meeting their repayments to prevent defaults
  • monitoring progress of loan repayments
  • maintaining records of loans including statistical information.

Key dates

Current funding period for the program is to 30 September 2017.

Applications for the 2017-2020 Program are now open. Further information, application forms and lodgement details are available via Good Shepherd Microfinance. View the Interim Program Guidelines in PDF format (size: 317kb) to assist with your application.

Applications for the 2017-2020 funding period close on 18 June 2017.

How much funding is available?

$2.6 million per annum has been made available for the program.

Current priorities

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.

Currently funded services

Services currently funded under the program in PDF format (size: 200kb).

Want more information?

Contact Community Grants Branch at or phone 9619 8731.

For information on your nearest NILS provider call: 1800 50 9994.

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