No Interest Loan Enquiry
Christmas Closure – The Community Place NILS program will be closed from Tuesday 3rd December 2024 and will reopen Monday 6th January 2025. Due to processing times required by providers we will be unable to accept applications during this time.
No Interest Loans (NILs) are a smart choice loan option to help you manage your money.
Borrow up to $2000 for essentials such as appliances or furniture, to help you get your car back on the road, pay for education fees and equipment or help you cover the cost of goods and services to support your wellbeing with no fees, no interest, ever.
Borrow up to $3000 for housing related expenses such as bond or rent in advance, or for recovery from a natural disaster with no fees, no interest, ever.
You pay back only what you borrow and nothing more.
How does NILs work?
There are times in life, despite how hard you try to keep on top of things, when unexpected expenses pop up. Washing machine has broken down? Unexpected car repairs? NILs will pay the cost of these essential goods and services straight to the vendor. Loans can not be used for cash, bills or debts.
NILs works through a process called ‘circular community credit’. This means when a borrower makes 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.
How to apply for a loan
If you meet the criteria listed above, you can submit your loan enquiry on the form below.
There are several documents you will need to supply and you can upload a digital version in the upload section at the end of the form.
You are welcome to make an appointment with us and do your application in person.
Some people find this much easier.
If you have difficulty uploading your documentation, please email nils@thecommunityplace.com.au
NILS ONLINE ENQUIRY FORM AND UPLOADING OF BANK STATEMENTS
Follow the link to fill out the NILS enquiry form :
Once you have submitted your enquiry please CLICK on the link below for Bankstatements.com.au :
Information about BankStatement.com.au and illion : https://thecommunityplace.com.au/wp-content/uploads/2024/07/Sharing-your-bank-statements-with-NILS-2.pdf
PLEASE NOTE THAT DUE TO A SIGNIFICANT DEMAND IN REQUESTS FOR SERVICE THERE MAY BE A WAIT TIME BEFORE WE ARE ABLE TO MAKE AN APPOINTMENT TO PROGRESS YOUR ENQUIRY. WE WILL BE IN TOUCH AS SOON AS POSSIBLE.