How does Nil Work in our Organization?

 

In your Community

  1. NIL isn’t a payday loan and it’s not a bank loan. NIL- works through a process called 'circular community credit'. This means when a borrower makes a repayment to NIL the funds are then available to someone else in the community.

What is Nil all about?

 

  1. The No Interest Loan Scheme (NIL) provides individuals and families on low incomes with access to safe, fair and affordable credit, we are all fine with every one, depend on your condition.
  2. Loans are available for up to $1,500 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.
  3. To be eligible for NIS you must have a Health Care Card or earn less than $4,000 a year (after tax) or an employed. Loans cannot be used for cash, bond, rent arrears, debt consolidation, Drugs,  holidays or bills.

What are the Loans For? 

  1. Loans are available for the purchase of essential goods and services.
  1. These may include things like:
Our organization can not give loan to purchase !
  • Repay Drugs
  • Alcohol

Use our loan for bad intention

 

Do i qualify for UFVRA Nil Assistant?

To qualify you must: 

  • Reside in your current premises for more than 3 months
  • Have a health care card/pension card
  • Show a willingness and capacity to repayDrugs, alcohol, use our loan for bad intention. 

      How does Nil Work?

      1. 1.  Enquire

        Enquire about a loan now email us at admin@ufvra.org.au 

      2. 2.  Interview

        Bring your documentation to a meeting with a local loan provider.

      3. 3.  Assessment

        Your loan application is assessed.

      4. 4.  Outcome

        You are informed of the outcome of your loan application and agree repayment terms.

         

        How Does NILS Work

        You can enquire from us using our enquire form at: www.ufvra.org.au Come for interview.  you need to bring  your documentation we will assess  your interview. Out come of your application will be communicate to you on same dayRepayment of NIL. you are required to payback the amount borrowed so that we use those money to serve others
        In your community?


        Our Non interest Loan isn’t a payday loan and it’s not a bank loan. NIL works through a process called 'circular community credit'. This means when a borrower makes a repayment to NIL, the funds are then available to someone else in the community and some one will come and borrow.

        Enquire now at: admin@ufvra.org.au

         

        Why do we offer  NIL assistant for the community? 

        We offer a range of people-centred, affordable financial programs for people on low incomes at different financial stages of their lives.

        Our aim, together with those of our community partners, is to enable clients to realise their own economic welbeing, as they define it themselves, through appropriate financial services. As a result, people feel valued, accepted, included and in control of their own finances and lives. you can join our NEWS for 2019 as from now.

    You are recommended to read our privacy:

     

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    See>Application Form;2018