Frequently asked questions
- Your questions answered
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NILS Essentials Loan |
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> Can I re-apply even though I haven't finished paying my current loan? No, you will need to finish paying your current loan before applying. > Can NILS provide medical loans to people with bad credit? Yes! NILS doesn’t do any credit checks, so people with bad credit can get medical loans for things like treatment costs and mobility equipment. > Can NILS provide personal loans in Tasmania? Yes, NILS can provide no interest loans in Tasmania, but only if they are for essential items or to help start your micro business. Please note, NILS does not provide personal cash loans, nor provide loans for bills, food, second hand goods, consolidate any type of debts or pay for holidays. Need a loan for something more specific and are not sure if you qualify? Leave our team a question via the contact form, or call us on our NILS number 1300 301 650. We may be able to help or direct you to someone who can. > Can I use a NILS loan for whitegoods? Yes, NILS can provide loans for household essentials like fridges, washers and furniture. Please be aware that NILS Tasmania does not provide cash loans for essentials. > Can NILS provide loans for pensioners? NILS Essentials Loans are the best loan option for pensioners and low-income Tasmanians seeking no-interest loans for household and medical essentials. For example, if you need medical or dental loans, have bad credit and are on a pension, NILS can help with a no interest loan of up to $2,000. We’ll pay for the services, and you’ll be able to pay us back in small amounts. NILS can provide no interest loans to pensioners if it falls under the “essentials” category. See our Essential Loans page for a list of essentials that NILS can pay for. Yes. NILS can lend up to $3,000 for rates. The property must be your principal place of residence. > What is a NILS Essentials Loan? A NILS essentials loan is an interest free loan of up to *$2000 for essential household items, goods and services. This loan is not subject to any credit checks. * please note that the increase from $1500 to $2000 is from the 1st of July 2022. > How do I qualify for a NILS loan? To qualify you need a current healthcare, pension, DVA or low income card. Or you need to have a gross income of $55,000 or less. You need to live in stable accommodation (exceptions can be made in some cases), and have the capacity to repay the loan. > What are the fees and charges? There are no fees, charges or interest. You only repay what you borrow. > How do I apply for a NILS loan? There are 4 easy steps to apply for a NILS loan:
> How long will it take to be approved? After your application is submitted, in generally takes a week to hear if you are approved. > What can I get a NILS loan for? Fridges & Freezers Car Repairs Car Registration Home Furniture Medical & Dental Services Education costs including computers, tablets, uniforms, text books & school trips Just ask us! ** NILS do not do cash loans or lend for payment of any bills (including Aurora), consolidation of any type of debts or holidays ** > What is NILS contact details? There are 3 ways to reach us:
> Can NILS pay for car repairs? Yes! NILS can cover your car repairs with a no interest loan. Can NILS Pay for a bond? Yes, but please try other services such as Housing Connect first to see if you qualify for assistance via state government funding. We don't want you to take out a loan when you might not need to. Please contact Housing Connect on 1800 800 588 to see if you qualify. > Are there NILS loans for cars? No, the NILS4Cars loan program is currently not available.
> How long can you take to repay NILS? It depends on the loan you take out. It could range from 12-24 months. > Can I take out a NILS loan for mobile phones? Yes you can! Phones are considered an essential item. NILS can offer small interest free loans so you can purchase a new mobile phone outright. If your current phone needs replacing, don’t use fast cash loans or a payment plan, contact us first and see if you apply for our essential no interest loans. > Can NILS pay for my removalists? Yes they can. > Does NILS do a credit check? There is no credit check in Tasmania for a NILS Essential loan. Your credit history doesn’t stop you from accessing our NILS no interest loans for essential items or services. You will only be asked for a credit check if purchasing a second-hand car with our no interest car loans. > How does NILS assist family violence victims? NILS Tasmania offers family violence support through our no interest loans for essential products and services for those dealing with family violence. This includes paying for services like removal costs and items like security equipment. If you need help purchasing essential products and services due to family violence, please contact us via our contact form, or call us on 1300 301 650. If you need more assistance, please check out the Find Help Tas page on Domestic, Family & Sexual Violence services. Click here to visit the page for a full list of support options. > Can I purchase furniture with a NILS loan? Yes. Essential home furniture is covered by our NILS Essentials Loans. With a NILS loan there is no interest, no charges or fees, and no credit checks. You only pay for what you borrowed. Don’t use fast cash loans, rent to keep or rent to own schemes! Please note, NILS loans cannot be used to purchase second hand furniture. > Can I get a NILS loan if on Centrelink? Yes, NILS offers fair loans for Centrelink customers. We often help people on Centrelink with our no interest loans for essential items, including household furniture and appliances. Even if you have bad credit, you can get a NILS loan while on Centrelink. To get a NILS loan while on Centrelink, the only requirements are:
However, we don’t want you to take out a loan if you don’t need to. We advise checking the Centrelink website first in case other services can assist you with direct funding. ** NILS do not do cash loans or lend money for the payment of any bills (including Aurora), consolidation of any type of debts or holidays ** |
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MicroBusiness Loan |
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> What is a NILS MicroBusiness Loan? A MicroBusiness Loan is to assist people to either help start up a new business or help grow an existing business. This loan is not subject to any credit checks. The maximum loan amount is $3,000. A special exception top up loan up to $1500 may be available to clients on application. These are only available in certain circumstance and only one half of the original loan amount is paid down. > What are the fees and charges? There are no fees, charges or interest. You only repay what you borrow. > What are the repayments and how long is the loan for? The repayments on a $3,000 loan is $60 per fortnight over approximately 24 months. We can either set up the repayments through Centrepay deduction or you can set up a direct debit through your bank institution. > How do I qualify to apply for a loan? To qualify you need a current healthcare, pension, DVA or low income card. Or you need to have a gross income of $55,000 or less. You need to live in stable accomodation (exceptions can be made in some cases), and have the capacity to repay the loan. > How do I apply for a loan or get more information? Contact your local Business Enterprise Centre Advisor Or if on the NEIS Scheme Contact your Programme Consultant If you would like further information about the application process please contact NILS on 1300 301 650 or by email microbiz@nilstasmania.org.au |