No Interest Loans
Caring for a family member or friend sometimes involves unexpected costs.
Caring for a family member or friend sometimes involves unexpected costs. In partnership with Good Shepherd Microfinance, Carers Queensland offers No Interest Loans (NILS®) up to $2000 for eligible carers on low incomes.
How does NILS® work?
It is a community-based program that gives carers access to fair, safe and affordable credit for the purchase of essential goods and services such as white goods, medical services, vehicle expenses and much more.
When a borrower makes a repayment to a NILS® program, funds are then available as a loan for someone else in the community. This is called ‘circular community credit’ and this is a real demonstration of the community in action.
Who is eligible to apply for a NILS loan?
You can apply for a NILS loan if you:
- Are a carer
- Have a Health Care Card / Pension Card or
- Earn less than $70,000 a year before tax as a single or $100,000 before tax for couples or people with dependents
- Have lived at my current or previous address for at least 3 months
- Can show that you have a capacity to repay the loan
How much can you borrow?
Carers can borrow up to $2000.
What essential goods and services can you purchase with a NILS loan?
• Household items like fridges, washing machines, TVs and furniture
• Medical procedures, veterinary bills, and dental services
• Education essentials such as computers, textbooks, uniforms, or power tools
• Driving lessons, car repairs or registration
• Home repairs, removalist fees and some other items as requested
Contact Us
We are dedicated to making life better.
All it takes is a phone call, email, or you can submit the form on this page.
Ask us anything. Our experienced team will personally respond to your enquiry with care and respect.
