THE NILS Network of Tasmania is a non-profit organisation supported by state and federal governments and more than 70 Tasmanian welfare agencies and neighbourhood houses.
NILS provides small loans of up to $1,200 to low income Tasmanians who have a Centrelink Health Care Card or Pension Card.
In the 16 years it has been operating, the No Interest Loans Scheme (NILS) has provided almost 20,000 small loans to help low income Tasmanians safely access essential household items and services.
Without NILS, many Tasmanians without savings are forced to borrow from fringe lenders like Cash Converters or to rent appliances from rent-to-buy companies like Radio Rentals.
This sort of borrowing comes with very high interest.
A short-term loan of $1,500 could end up costing an additional $1,000 in interest and fees.
A rented washing machine that costs $800 will cost you $2,500 on a rent-to-buy plan.
But how can NILS help at Christmas?
NILS can’t lend for gifts or Christmas food, but it can lend for things like washing machines, registration, car repairs and tyres, mobile phones, computers for school children and even glasses and dentures.
And if you need something essential like this in the lead-up to Christmas, then NILS can help take the pressure off a tight budget, freeing up some money for gifts and food.
Enquires can be made online at www.nilstasmania.org.au or by phoning 1300 301 650.