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Vinnies NILS

NILS: Safe, fair and affordable credit

The St Vincent de Paul Society Victoria offers no-interest loans – Vinnies NILS – to purchase essential goods and services with fair, accessible credit for people on low incomes.

The program is supported by dedicated volunteers, but with the cost-of-living affecting so many Victorians, our services need more volunteers to help with the rising demand.

Learn more about Vinnies NILS

Vinnies NILS (No Interest Loans Scheme) provides individuals and families on low incomes with access to safe, fair and affordable credit.

The loans have no interest and no fees. No charges are passed on to the clients.

Loans of up to $2,000 can be provided (up to $3,000 for some purposes) for essential goods and services including whitegoods, educational expenses such as laptops and iPads, medical costs and equipment, as well as vehicle and household repairs. Loans are paid back over a period of up to 24 months, usually via a direct deduction to benefit payments. 

A Vinnies NILS agreement often means a household can replace old appliances with more energy-efficient models resulting in reduced electricity bills, too. Or the purchase of a washing machine saves the ongoing expense of using a laundromat.

Our Vinnies NILS loans give people self-agency and choice

If you find yourself in a challenging financial situation, it is worth considering a Vinnies NILS loan first before seeking other more expensive credit options.

For more information people can apply via vinniesnils.org.au or call us on 03 5229 8829

WHAT IS VINNIES NILS?

What is Vinnies NILS

No Interest Loans (NILs) provide individuals and families on low incomes with access to safe, fair and affordable credit.

NO FEES NO CHARGES NO INTEREST

Loans are available for essential goods and services such as fridges, washing machines, car repairs and medical expenses for up to $2,000.

Repayments are then set at an affordable amount over a 12 to 18 month time period.

NILS WORKS THROUGH A PROCESS CALLED 'CIRCULAR COMMUNITY CREDIT'.

This means when you make a repayment to NILs, the funds are then available to someone else in the community.

IT IS WORTH CONSIDERING A NILS LOAN FIRST BEFORE SEEKING OTHER EXPENSIVE OPTIONS FOR CREDIT LIKE A PAYDAY LOAN OR RENT TO BUY.

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