No-interest loans

The No-Interest Loans Scheme (NILS) is a partnership between Swinburne and Good Shepherd Microfinance providing small loans of $300 to $1200. These loans are to pay for essential things and are available to students who can demonstrate they are in financial hardship.

The loans cost nothing to set up and attract no interest. If you're eligible for this loan, you will only need to pay back the amount you borrowed. Repayments are spread over a 12-month period. 

What NILS loans are for

You can use NILS loans towards:

  • household appliances (e.g. toaster, heater)
  • some medical and dental services
  • furniture (e.g. beds, mattresses, tables)
  • education (e.g. course materials, course fees)
  • vehicle repairs
  • computers

How to apply for a NILS loan

To be eligible, you need to:

  • hold a Health Care Card or Pension Card or be on a low income
  • have lived in your current residence for at least three months
  • state a clear purpose for the loan (e.g "I need a NILS loan to buy a bed.")
  • show your willingness and ability to repay.

To apply, contact the financial advisers on your campus.

If you are unable to meet with an adviser on campus to discuss your NILS loan application, you can talk to an adviser online.

Hawthorn campus

Student Housing & Financial Adviser
Beth Graham
t: +613 9214 8882
Skype: housingfinance.hawthorn 

Croydon campus

Student Housing & Financial Adviser
Sara Gowan
Room A131
t: +613 9726 1712
Skype: housingfinance.croydon 

Wantirna campus

Student Housing & Financial Adviser
Glenda Rebeiro
Room WA117
t: +613 9210 1905
Skype: housingfinance.wantirna