No interest loan scheme

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 $1,500. 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 provides 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.

Key dates

The current funding period is from 1 October 2017 to 30 June 2020.  The program is funded triennially and is currently closed for applications.

How much is funded?

$2.4 million each year is available for the 2017-2020 funding period. Funding under the program is fully allocated until 30 June 2020. Go to the NILS Program Guidelines (2017-2020) (PDF, 344.2 KB) for more information on funding under this program.

Currently funded services

Services currently funded (PDF, 128.2 KB) under the program.

Want more information?

To find out how to make an application for a NILS loan, please call the NSW NILS hotline on 1800 509 994.

For enquiries about NSW Fair Trading's community grants programs only, email

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