For families and individuals on low incomes, these organisations provide safe, fair and affordable alternatives to high-interest ‘payday’ type loans:

NILS: No Interest Loan Scheme

Usually up to $1,000, these loans have no fees, interest or charges.

NILS loans are to help people on low-incomes buy essential items, assets and services. The loans can’t be used for existing debts, emergency or ongoing costs (e.g. electricity).

Repayments are usually $10 - $20 per week and the loan must be repaid in 12-18 months (unless in exceptional circumstances).

The scheme is provided through Good Shepherd New Zealand, Kiwibank, BNZ and a range of providers throughout New Zealand.

Who is eligible?
  • Qualifies for Community Services Card
  • Has lived in current residence for more than 3 months
  • Willing and able to repay the loan

(Credit criteria and Terms apply.)

Learn more about NILS

StepUP: Low Fixed-interest Loans

Low-interest loans, only to be used for purchasing essential items or services.

StepUP is an initiative of Good Shepherd New Zealand and BNZ, supported by the Ministry of Social Development.

  • Loan amount: $1,000 - $5,000
  • No fees
  • Interest Rate: 6.99% per annum
  • Term: up to 3 years
  • Repayment amount based on applicant’s budget
Who is eligible?
  • Qualifies for Community Services Card
  • Has lived in current residence for over three months
  • Willing and able to repay the loan

(BNZ lending credit criteria and Terms apply).

Learn more about StepUP loans

Ngā Tangata Microfinance Trust: NILS & Debt Relief Loans

The Trust (NTM) is a provider for NILS no interest loans up to $1,000, which are only for purchasing essential items, assets and services.

NTM also offers low-interest Debt Relief Loans. Unlike NILS or StepUP, this type of loan is purely for paying off high-interest debt.

Debt Relief Loan

Low-interest loans up to $3,000, only granted if there is no other way to pay off a high-interest loan/loans. It is a one-time payment - once granted, the same person can’t apply for another Debt Relief Loan through NTM.

Who is eligible for a Debt Relief Loan?
  • Low income
  • 18 years old or over
  • Lived in the same residence for two months or more
  • Enough in budget to reply the loan within two years
  • Commits to working with a budget advisor for 6 months

(Credit criteria and Terms apply.)

Learn more about NTM loans

It’s wonderful to know these organisations and banks care about the financial wellbeing of others. As StepUP says, ‘A little help goes a long way’.