No Interest Loan Scheme (NILS) Bushfire Relief

No Interest Loan Scheme (NILS) Bushfire Relief

Our thoughts and hearts go out to those who have been directly impacted by the devastating bushfires across Australia, particularly those in our own communities.

The team at Good Shepherd Microfinance, and their corporate partners (NAB, The Good Guys and Suncorp), have developed the Bushfire Relief Policy for NILS in response to the bushfires that have impacted our communities, including:

1. Existing NILS clients can renegotiate loan repayment terms or defer repayments on their loan to suit their needs.
2. Where the loan asset (eg. fridge purchased with a NILS loan) has been destroyed or is not usable due to the bushfires, clients can apply to have the loan amount written off if there are no other options available.
3. New clients can access a NILS ‘Bushfire Relief’ loan of up to $2000 with reduced requirements for documentation.

We are aware of the varying needs of vulnerable people living in bushfire-affected areas. NILS can assist with loans to purchase stock feed, water tanks, generators as well as other essential items. Such requests will be considered on a case-by-case basis by our NILS Coordinator. Some loan purposes will continue to be specifically excluded.

To determine eligibility for a Bushfire Relief loan, it is only necessary to advise our NILS Coordinator that you have been impacted by bushfire.

Our NILS Coordinator, Lynn, works every Monday, Tuesday and Wednesday, 9am – 3pm.

To discuss your needs, please contact Lynn on (02)4862 1122, or nils@highlandscommunity.org.au.

https://goodshepherdmicrofinance.org.au/

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