Hastings No-Interest Loan Scheme

Hastings No-Interest Loan Scheme (Hastings NILS) is modelled on schemes that have been operating elsewhere for over 20 years.

It enables people on low incomes to purchase household appliances, furniture, and medical equipment in a way that avoids the debt-trap of other forms of credit.

Hastings NILS is an alternative form of credit, not emergency relief, and we only lend to people who are able to repay a loan without it causing financial pressure.

How does it work?

The money for loans comes from donations and grants. As people repay the loans, the money goes back into the loan pool for other people to borrow.

The LOCAL community benefits, as well as LOCAL businesses. Everyone that takes part helps other people, as well as improving the quality of their own life. You can also borrow again six months after you've repaid your previous loan.

Who can apply?

People who:

1. have lived in the Port Macquarie Hastings Council for at least six months, and

2. are receiving a Centrelink payment or are on a low income, and

3. can afford to repay the loan in fortnightly repayments.

Lending

How much do we lend?

From $100 up to $1,000.

What do we lend for?

Household appliances, furniture and medical equipment.

What don't we lend for?

Emergency relief

General living expenses

Rent arrears

Payment of debts and bills

Second-hand goods

Recurring costs such as car rego

Car repairs

Items that other agencies provide

How May I Apply?

To discuss a loan application call the office Tuesday or Wednesday between 9.00am and 4.30pm on 6584 3200.

If you fit the basic eligibility criteria we'll send an application form and arrange an interview. We'll give you a list of what you'll need to provide at the interview.

Loan applications are assessed by an independent committee.

Repayments

Tailored to suit your budget

Debited using Centrepay

Minimum $10 a fortnight

Up to 18 months to repay

What does it cost?

There's absolutely no charges or interest on the loans. You simply repay what you've borrowed.

Who do you speak to?

The Team Leader of the Hastings No Interest Loan Scheme or the Loans Officer will answer any questions you have.

Staff

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Contact Details

Postal Address

PO Box 2385 Port Macquarie 2444

Office Location

Level 1 / 49 Horton Street Port Macquarie 2444

Phone

(02)  6584 3200

Fax

(02) 6584 9990

Email

[Click Here to Contact Us]

Who Supports Hastings NILS?

Hastings NILS is funded by the NSW Office of Fair Trading

The loan funds are provided by:

Any donations are most welcome and donations of $2.00 and over are tax deductible. Registered Charity - CFN 14250

Be Involved in Your Community!

Are you interested in being involved in this community based organisation?

Contact the Coordinator on 6584 3200 for details.

Links

NILS NSW home page

NSW Office of Fair Trading

Centrelink Health Care Card Income Test - For Low Income Earners

Good Shepherd Sisters - Australia & Aotearoa

About Community Services (formerly DoCS)

Our Community - Australia's national gateway for community groups and schools

Wesley Creditline - on-line money planner