What is the No Interest Loan Scheme?
The Riverside Lifehouse No Interest Loan Scheme (NILS®) is modelled on schemes that have been operating around Australia for over 20 years. It enables low income earners to access credit to purchase essential household items (eg: refrigerator, medical equipment, etc). Riverside Lifehouse NILS® is an alternative form of credit, not emergency reflief. Loans are provided to people who are able to repay a loan without it causing financial pressure.
What we do lend for:
- Household appliances
- Furniture
- Medical Equipment
What we don’t lend for:
- General Living expenses
- Car Repairs
- Rent Payments
- Emergency Relief
Repayments
- Tailored to suit your budget
- Debited using Centrepay (preferred)
- Minimum $10 payment per fortnight
- Up to 18 months
Our Sponsors
We receive valuable financial support from:
- NSW Fair Trading
- National Australia Bank
- Country Energy
- Department of Family, Housing,
- Community Services, Indigenous Affairs
Click here to download NILS® Brochure:
