No Interest Loan Service
(NILS)
Interest-free-loans for eligible low-income applicants.
What is NILS?
NILS means No Interest Loan Scheme (NILS), which is Interest-free-loans for eligible low-income applicants. It is a community-based program offering loans for the purchase of essential goods and services. It provides individuals and families on low incomes with access to safe, fair and affordable credit.
What Does NILS Offer?
No fees or charges
There are no hidden fees or charges to access this service
No interest
There is no interest on the loans provided
Up to $1,500
Depending on cost of item/service and subject to approval.
Fortnightly repayments
Affordable amounts over 12 to 18 months (Loan repayments, starting from as low as $20 per fortnight, can be deducted directly from your Centrelink benefit for a 12-18 month period).
What Counts as an Essential Goods or Service?
Fridge
Washing Machine
Furniture
Course Fees
Medical & Dental Services
Education Essentials
Vet Bills
Funeral Bills
What Can’t I use SERF for?
Bills
Cash
Rent
Bond
Holidays
Debt
This Service Might Be Right For You
The next step is to further check your eligibility for SERF and find out more about the service.
