NILS - No Interest Loan Scheme
MDSI NILS provides interest-free loans up to $1500 for individuals and families living on limited incomes. Loans are safe, affordable and completely free of interest and fees.
NILS can be used for a variety of essential goods and services such as electrical appliances, furniture, medical expenses, car repairs and Green Slips.
Repayments are made through Centrepay or direct deposit over a 12 -1 8 month period.
To qualify you must:
* Receive a regular fortnightly Centrelink or Dept. of Veterans’ Affairs benefit or be on a low income.
* Have lived at your current address for a minimum of 3 months (some exceptions apply).
* Show a willingness and capacity to repay a loan.
* Be able to provide all of the necessary documents.
Please note loans are not available for items such as cars, cash advances, second hand goods, rent, utilities, arrears, living expense or debt payment/consolidation.
Eligibility criteria applies and all applications and loan amounts are assessed on an individual basis.