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No interest loans

How to get a No Interest Loan

Page reading time: 2 minutes

A No Interest Loan helps you borrow money quickly to get back on your feet.

Repayments are affordable, there are no fees or charges, and it's a lot cheaper than a payday loan.

If you're struggling to make ends meet, see urgent help with money for free services that can help.

How No Interest Loans work

A No Interest Loan (NILs) from Good Shepherd lets you borrow up to $2,000 for essential goods and services:

Or borrow up to $3,000 for:

There are no credit checks. A NILs team member will work with you to see if you can afford the loan. They won't judge you on your history.

You pay no interest, fees or charges. You only repay what you borrow.

Who can get a No Interest Loan

To be eligible, you must:

How to get a No Interest Loan

Call the Good Shepherd No Interest Loans (NILs) team on 13 64 57 or find a community service NILs provider near you.

How long will it take?

The application process takes up to an hour, and the loan can be approved within 2 days.

What do you need to apply?

When you apply, a NILs team member will look at your:

If you haven't chosen the exact item to buy, but know the rough amount, ask about 'pre-approval'. Then supply the invoice later.

A No Interest Loan is not a cash loan. It is paid directly to the supplier.

Teenage girl looking down.

Georgia pays for car repairs with a No Interest Loan

Georgia's car broke down and she needed $900 to fix it. She didn't have the money, but a friend suggested a No Interest Loan.

Georgia called the Good Shepherd NILs team and found out she was eligible. Georgia met with a team member to talk about the cost of the car repairs and loan repayments.

Together, they filled in an application form online. The next day, Georgia was given a cheque for $900 made out to her mechanic.

Georgia agreed to repay the No Interest Loan with fortnightly repayments of $34.60 for one year. Her repayments are being automatically deducted from her bank account after she is paid. She will repay only the amount she borrowed — $900.