The Tasmanian Government’s No Interest Loan Scheme (NILS) is being extended with further funding.
According to figures provided, last year NILS lent $9 million to almost 5,000 Tasmanians, with that spending flowing through to 960 different Tasmanian businesses.
“The loans are no interest, have no fees and no charges, which means people who are in difficulty can get tailored and affordable assistance,” said Minister for Community Services Roger Jaensch.
Additional funding willo help NILS provide up to 2,000 more loans each year, over a three-year period at a cost of $2.1 million.
“In addition to that, we have extended the highly successful Energy Saver Subsidy, which provides a direct 50 per cent subsidy on the cost of an energy efficient appliance, like a fridge, freezer or washing machine, for low-income Tasmanians if coupled with a NILS no-interest loan for the balance,” said Jaensch.
Funding of $500,000 a year will be delivered each year for four years.
NILS provides loans of up to $2,000 to eligible people for basic costs such as car registration and repairs, fridges, freezers, computers, tablets and home furniture. Loans are also available for medical and dental services.
“High interest rates, as well as rising food and petrol costs, are proving challenging for many Tasmanians, so access to no-interest loans can be an enormous relief,” commented Jaensch.
“Delivery partners such as Neighbourhood Houses play an integral role in helping people access loans and can provide advice and assistance with applications.
“By working together, alongside our vital community service sector, the Tasmanian Government can ensure Tasmanians in need have access to the supports they require.
For more information about the loan scheme, including a list of delivery partners, go to www.nilstasmania.org.au.
