What can Nils loans be used for?

The 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.Click to see full answer. Subsequently, one may also ask, how much can I borrow on a NILS loan?NILS Loans are available from $300 to $1500 and have a repayment period of nine to eighteen months. There are no setup fees and the goods that you purchase must be new. Your loan assessment time varies on whether you have provided all documentation needed with your application.Also Know, how long does it take for a NILS loan to be approved? If rent and expenses are shared, applications should be made as a household/joint application showing all incomes and expenses. How long will it take to process my application? All applications take 1-7 days to process from when WA NILS receives the application. One may also ask, what is a NILS loan? The No Interest Loan Scheme (NILS) provides individuals and families on low incomes with access to safe, fair and affordable credit. Loans are available for up to $1,500 for essential goods and services such as fridges, washing machines and medical procedures.How do I get a $1000 loan from Centrelink? Sign in to myGov and select Centrelink. Next, click Apply for Advance. You will, now, be shown if you’re eligible to apply or not. If you’re eligible, click Get Started. Follow the steps to lodge your application.

Leave a Reply

Your email address will not be published. Required fields are marked *