No Interest Loans Scheme (NILS)
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No Interest Loans Scheme (NILS)

NILS - No Interest Loan Scheme

Camperdown Community House is an unfunded community partner for the No Interest Loans Scheme in the South West.


We currently partner with Brophy Community Services to support members of our community to access this service. Support and information is available at the community house for Corangamite residents who wish to access this service.

WHAT IS the No Interest Loan Scheme (NILS)?

The No Interest Loan Scheme (NILS) provides individuals and families on low incomes with access to safe, fair and affordable credit.

Loans are between $300 and $1200 for essential goods and services such as fridges, washing machines and medical procedures. Repayments are set up at an affordable amount over 12 to 18 months.

To be eligible for NILS you must have a Health Care Card or earn less than $45,000 a year (after tax). Loans cannot be used for cash, bond, rent arrears, debt consolidation, holidays or bills.


How Does NILS Work In Your Community?

NILS isn’t a payday loan and it’s not a bank loan. 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.


WHAT are the loans for?

Loans are available for the purchase of essential goods and services.

These may include:

Household items like fridges, washing machines, stoves, dryers, freezers and furniture

Some medical and dental services

Education essentials such as computers and textbooks

Other items as requested

Loans for car repair and purchasing is NOW available!


To Qualify You Must: 

  • Have a health care card/pension card
  • Reside in your current premises for more than 3 months within the Corangamite Shire
  • Show a willingness and capacity to repay


 How to apply:

  • Contact the Brophy NILS team on (03) 5522 1480
  • For support with the application process, call us on (03) 5593 1403

We can support you through the entire applicaiton process with information, document scanning and more.

  • For more information about NILS, go to Brophy
Camperdown Community House is a great place for people to come together to socialise, learn new skills and have some fun.