0% interest and no fees or charges.
Washing machine broke down? Unexpected car repairs? Need a new laptop for work or school? We’ll pay the invoice for you (no cash).
Unexpected expenses are bound to pop up from time to time. Don’t choose an option that might get you into trouble later. With NILs, you only pay back what you borrow, nothing more.
We are an approved No Interest Loan (NILs) Provider.
Submit your application with Us. Click on apply now, complete and submit the application form. NILs will send you a confirmation email with regards the progress of your loan with us.
Borrow up to $3000 for essentials such as appliances or furniture, car repairs, a new computer or laptop, medical, dental or vet expenses.
Borrow up to $5000 for bond on a new rental property or for recovery from a natural disaster.
What can I use a NILS loan for?
To be eligible for a loan from NILS, you need to:
Have a Health Care or Pension Card
AND earn less than $70,000 (before tax) as a single
AND earn less than $100,000 (before tax) if you have a partner or dependents
AND currently receiving Centrelink payment.
AND you have lived at your current address for a minimum of three months
AND be above 18 years and also able to repay the loan
You must verify your identity through the Government portal System.
Provide a bank statement in your name. The documents cannot be more than 3 months old. MTC cannot accept substitutes for these documents.
To apply for a NILS loan, contact MTC Australia on nils@mtcaustralia.org or click on apply now, fill out the application form and submit.
We will then send you an email regarding the progress of your application.