What is No Interest Loan Scheme? 

The No Interest Loan Scheme provides interest–free loans for eligible persons living on a low income, which may not otherwise be available to them. 

• A community based program that enables access to fair, safe and equitable credit for the purchase of new basic and essential household items
• It is also available for some medical and education need that are considered essential for the well-being of the applicant or their family. 
• In certain cases, the loan can also be used for repairs to essential household equipment . These repairs must be carried out by BNC NILS approved repairers.

Comments made about the No Interest Loan Scheme

“Thank you NILS. The loan means I am no longer on the rental roundabout”

“I have paid my first loan and am applying for a second. This is a great way to help me get what I need.”

“I have been without a TV for so long. I can now sit down to watch tv and relax”

“After all the bad things that happened at the beginning of this year, (January floods, February relocating), your generosity and help has lifted a great weight off my shoulders and put a smile back on my face. Thanking you!”

Download Brochure about the No Interest Loan Scheme (NILS) >>

(Please note - changes to thresholds and delivery of NILS will be occurring in the next few months)