NILS - No Interest Loan Scheme
MDSI’s No Interest Loan Scheme (MDSI NILS) provides interest-free loans up to $1200 for individuals and families living on limited incomes. Loans are safe, and affordable and are completely free of interest and fees.
Loans can be used to purchase necessary household items such as electrical appliances and furniture, car maintenance, educational essentials and medical equipment.
Please note you cannot get a cash loan, pay credit cards, rent, bond or general living expenses.
To apply for a NILS loan you must:
- be 18 years or older;
- be the recipient of a Centrelink benefit;
- have stable accommodation; and
- be able to meet the repayment amount.