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
per annum fixed interest rate
(comparison rate 5.99%* p.a.)
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
of loan amount.
Monthly fee of initial
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
such as fridges, washing machines, stoves, heaters and furniture
such as computers, uniforms, text books and course fees
such as car repairs, tyres and registration
such as plumbing and electrical expenses, and home repairs
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
"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.
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:
No credit checks are conducted for this program.
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.
Speckle loans cannot be used to repay other debts. There are other options that may be helpful:
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.