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Welcome to WA NILS

The Western Australian No Interest Loan Service is a not for profit organisation created in response to the difficulties faced by low income households in obtaining affordable credit in order to purchase essential household items. "Low Income" is defined as anyone who holds a Commonwealth Health Care Card or pension card. WA NILS can help make getting a loan achievable.

No Interest Loans should not be confused with emergency financial assistance programs provided by other organisations throughout Australia.

The necessity to use credit for the purchase of essential items places low-income consumers in a vulnerable position amongst the various players in the financial marketplace. First hand experience and the findings of numerous research projects by consumer groups indicate that many financial institutions unfairly discriminate against low - income consumers, particularly in relation to credit provision.

It is a sad irony that those on the lowest incomes generally pay the highest rate of interest for credit. These rates are justified by the industry on the basis that the nature of the loan and its recipient make it high risk lending. WA NILS provide loans up to $1,500 without interest or charges to low income earners to purchase basic household items. Loans are generally repaid within eighteen months and are only for new goods.

Mission Statement

The WA NILS Network Inc. ( with the commitment of Member Agencies) aims to address consumer inequality in the financial market and empower borrowers to take control of their financial situation by increasing their skills, confidence and self esteem in dealing with their financial planning.

Objective

The overall aim of the no interest loan service is to provide families and individuals on low incomes across the state with the opportunity to apply for a loan to purchase essential items, without the burden of interest charges or fees. This service is not for the provision of emergency relief, and is operated as a loan scheme with an expectation that the repayments are made as negotiated between the service and the customer.