Good loans to get
you going again.

Loans you can afford

Loan Amount

Up to $1,500

Loan Cost

0%

No interest

Application

In person

Repayments

Over 12 to 18 months

Are you on a low income and needing credit for essentials? The No Interest Loan Scheme (NILS) is a safe, fair and affordable loan with no interest or charges.
Learn more
Loan Amount

$800 - $3,000

Loan Cost

5.99%

per annum fixed interest rate
(comparison rate 5.99%* p.a.)

Application

In person

Repayments

Over 6 months to 3 years

Are you on a low income and having difficulty accessing credit from a bank? StepUP is a safe, affordable, low interest loan with no fees.
Learn more
Loan Amount

$200 - $2,000

Loan Costs

10%
Establishment fee
of loan amount.

2%
Monthly fee of initial
loan amount.

Application

Online

Repayments

Over 3 to 12 months

Do you need some quick cash? Speckle is a fast, flexible, online cash loan. It's often half the cost of other small loan products and has no hidden fees or charges.**
Learn more

What you can use our loans for

Household goods and appliances

such as fridges, washing machines, stoves, heaters and furniture
Medical and dental services
Education essentials and expenses

such as computers, uniforms, text books and course fees
Second-hand cars and car expenses

such as car repairs, tyres and registration
Emergency costs

such as plumbing and electrical expenses, and home repairs
And more

Other ways we can help

Buying service offering discounts on brand new electrical appliances purchased through the No Interest Loan Scheme (NILS) and StepUP loans.

Learn more

Affordable, simple car and contents insurance offering flexible payment options to people on low incomes.

Learn more

Supports aspiring small business owners on low incomes in South Australia with the opportunity to get their business up and running through individualised support and access to finance.

Learn more

Hear what clients say

"You don't pay any interest and before you know it you have bought these brand new, reliable appliances."

Jackie purchased a brand new fridge with her NILS loan.
"Without the loan, I would have been really stuck. I probably would have had to resort to a payday lender."

Barbara used her NILS loan to buy a washing machine.
"It's not just the fact that I now have a car to go to the supermarket or go here or go there. It means more than that - it’s freedom and the choices I now have."

Mayken bought a car with her StepUP loan.
"It was quick and easy. The fees are far better than any other short term loans."

Brett refurbished his home with Speckle.

Our loans in the news

Your questions answered

A small problem can turn into a big one very, very quickly. But it needn't. With a small, no interest, or low interest loan from Good Shepherd Microfinance, you can stop a small problem in its tracks, before it gets any bigger.

Good Shepherd Microfinance is a world leader in financial inclusion products, services and advisory. We offer fair and affordable financial programs to people on low incomes and advisory services for governments, businesses and other organisations.

NAB and Good Shepherd Microfinance have been working together for over 15 years to provide people in Australia with access to fair and more affordable finance. Since 2003, this partnership has provided more than 500,000 loans to people on low incomes and NAB has committed $130 million in loan capital with the aim to reach 100,000 people each year.

To qualify, you must:

Have a Health Care/Pension Card or be on a low income (take home income of $45,000 per year for individuals and $60,000 per year for joint applicants);
Have lived at your current address for more than three months;
Show a willingness and capacity to repay.

No credit checks are conducted for this program.

To enquire and apply for a NILS loan, visit nils.com.au or call 13 64 57 to find your nearest provider.

StepUP doesn't attract any fees and has a low interest rate of 5.99% per annum (comparison rate* 5.99% p.a.). StepUP is subject to credit assessment.

You may still be able to access a loan if you have a bad credit history. No credit checks are made for NILS. However, both StepUP and Speckle conduct a credit check. As part of the process, we complete credit checks to assess your ability to repay the loan based on your current financial situation.

It depends on your loan amount and repayment period. You can use Speckle's calculator tool to get an idea of repayment amounts. Alternatively, for more information, head to Speckle's fees and costs page.

Speckle loans cannot be used to repay other debts. There are other options that may be helpful:

Speak to your existing bank or lender to work out a payment plan.
Visit the Australian Government's Money Smart website for free and impartial access to tools and information or;
Call the free financial counselling hotline on 1800 007 007 (9.30am - 4.30pm, Monday to Friday). Calls from mobile phones may incur a fee from the mobile phone carrier.

Speckle loans can be used to pay bills. However if you're having trouble making a payment on your utility or phone bill, we recommend that you speak to their hardship team before applying for a loan.

Good loans to get you going again.

Loans you can afford

Loan Amount

Up to $1,500

Loan Cost

0%

No interest

Application

In person

Repayments

Over 12 to 18 months

Loan Amount

$800 - $3,000

Loan Cost

Application

In person

Repayments

Over 6 months to 3 years

Loan Amount

$200 - $2,000

Loan Costs

Application

Online

Repayments

Over 3 to 12 months

What you can use our loans for

Household goods and appliances

Medical and dental services

Education essentials and expenses

Second-hand cars and car expenses

Emergency costs

And more

Other ways we can help

Hear what clients say

"You don't pay any interest and before you know it you have bought these brand new, reliable appliances."

"Without the loan, I would have been really stuck. I probably would have had to resort to a payday lender."

"It's not just the fact that I now have a car to go to the supermarket or go here or go there. It means more than that - it’s freedom and the choices I now have."

"It was quick and easy. The fees are far better than any other short term loans."

Our loans in the news

Your questions answered

Good loans to get
you going again.