No-interest Loan Scheme. Victorians suffering financial hardship may be eligible for a no interest loan for the purchase of essential good and services. Good Shepherd Microfinance offers affordable financial programs for people on low incomes, in partnership with local community organisations. The No-Interest Loan Scheme (NILS) provides access to The No Interest Loan Scheme (NILS) provides interest-free loans for low-income earners to buy essential household items like fridges, washing machines, televisions, beds and clothes dryers. This scheme may also help with other essential needs like some medical and dental services, health aids and …Qard Hassan Victoria No Interest Loan Scheme (NILS®) In Islamic terms, a Qard Hassan is a ‘benevolent loan’ or ‘good loan’ where the borrower is only required to repay the amount borrowed. Accordingly, the Qard Hassan Victoria NILS® offers small, interest-free loans of up to $1000 to people on low incomes for the purchase of essential household goods and No-Interest Loans Scheme (NILS) provides people on low incomes with access to safe, fair and affordable credit. NILS loans may be provided for amounts up to $1,500 for the purchase of items such as a fridge, washing machine, medical expenses or car repairs. There are: no fees; no charges; no interest; no credit checks; To be eligible for NILS you need to:No Interest Loan Scheme (NILS) NILS is a safe and affordable credit alternative. It is a program that provides small loans to people on low incomes without any fees, charges or interest payments during the loan process or loan cycle. Furthermore, no form of security over the NILS loan is Interest Loans Scheme (NILS) | No Interest Loan | AnglicareFinancial help - basic & no interest small loans - NABNo Interest Loans Scheme (NILS) | No Interest Loan | AnglicareNILS: No Interest Loan Scheme | Islamic Council of The No Interest Loan Scheme (NILS) is for individuals and families on low incomes. We give you access to safe, fair and affordable lending, so you can buy the essential items you need. You can borrow up to $1,500 (or $2,000 if you have experienced family violence).We provide No Interest Loans (NILs) for individuals and families on low incomes with access to safe, fair and affordable credit. Loans are available for essential goods and services such as fridges, washing machines, car repairs and medical procedures for up to $1,500. Repayments are set at an affordable amount over 12 to 18 months.

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