No Interest Loans (NILS) at Good Money

NILS  is a community credit scheme with no interest, no fees and no charges, NILS is a community based loan which enable people living on low incomes access to safe, fair and affordable loans for the purchase of essential goods and services.

Good Money may offer NILS to people who:

Receive a Centrelink Payment; or

Are on a low income

Have a Healthcare card or Pension card; or

Loans CAN be used for household and personal items such as:

Whitegoods (fridges and washing machines)

Electrical appliances (Heaters, TV’s computers mobile phones)

Furniture (beds, couches)

Car Repairs/registration

Transport tickets (yearly and half yearly)

Household repairs

Certain educational expenses

Certain medical expenses

Certain travel expenses

Other purposes may be considered

Loans are NOT for:

Cash, bills, debts, fines or bond


  • You can apply to borrow from $200 to $1,200
  • No interest and no fees
  • Loan to be repaid over 12-18 month period
  • Repayments are deducted fortnightly through Centrepay
  • Loan can only be for one item at a time

Contact us for further information: