| Type of service |
No interest loan
|
Low interest loan
|
Cash online loan
|
| Eligibility |
- Health Care Card holders
- or low-income earners
|
- Health Care Card holders,
- Pension Concession Card holders,
- or Family Tax Benefit Part A
|
- Must be earning a minimum gross income of $30,000 not inclusive of government benefits such as Centrelink,
- Should have no more than 50% of total income from government benefits,
- Can’t have had two or more small amount credit contracts e.g. payday loans in the last 90 days
|
| Amount |
Up to $1,500
|
Up to $3,000
|
From $200 up to $2000
|
| Interest |
None
|
5.99% per annum fixed interest rate (comparison rate 5.99%* p.a.)
|
- Establishment fee of 10% of the initial loan amount,
- Monthly fee of 2% of the initial loan amount
|
| Purpose |
For essential household items and services – such as fridges, washing machines, and furniture
|
For cars, car repairs, household items, computers, medical and dental services, etc. Can be used for more than one item
|
Car repairs, emergency costs, plumbing and electrical expenses, whitegoods and household expenses, school costs and uniforms
|
| Providers |
Accredited community providers
|
Accredited community providers with NAB
|
Available online only
|
| Process of application |
Interview with a community provider
|
Community provider assists with completing application, then if successful the loan is provided by NAB
|
Online application with same business day loan disbursement if loan contract is signed by 1:30 pm EST
|
| Period of time |
Repayments over 12 months
|
Repayments over 6 months to 3 years
|
Repayments up to 12 months
|
| |
Find out more |
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Find out more |