NILS Loans

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What is NILS?

The BF&FS No Interest Loans Scheme (NILS) is an interest free loan for individuals and families on low income. NILS is a community based program that enables people to access fair, safe and equitable credit for the purchase of goods and services. There are no fees or charges and loan repayments are worked out to meet individual needs. Most repayments are between $15-$40 per fortnight and loans are repaid within 12-18 months.

Interest-Free Loans For The Purpose Of

• Refrigerator
• Washing Machine
• Furniture
• Dryer
• Stoves
• Heating Appliances
• Text Books

• TV, DVD, Stereo
• Personal Computer
• Lawn Mower
• Medical & Dental Services
• Household repairs
• Car Maintenance (repairs, registration, tyres
  
• much more 

How To Apply

Contact BF&FS (Bendigo & Family Financial Services) on 03 5441 5277 or nils@impulse.net.au or come into their office at 8 Myers Street, Bendigo, to arrange an interview time. 

What To Bring To Your Interview

• Centrelink Income Statement/PAYG payslip (if employed)
• Quote/s For Item
• Bank Statement (1 month)
• ID - drivers license, proof of age card

• Lease Agreement/Statutory Declaration
• Rates Notice (for those who own their own home)
• 1 x Recent Utility Bill - either electricity, gas, water, phone
• Statements Relating To Loans/Appliance Rentals

Eligibility

• Lives in Bendigo, Heathcote, Loddon Shire & surrounding areas
• Holder of a current valid Centrelink health care card, Pension card or are on a low income
• Have resided in their premises for 3 months or more
• Have a willingness and capacity to repay the loan