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Hastings No-Interest Loan Scheme (Hastings NILS) is modelled on schemes that have been operating elsewhere for over 20 years. It enables people on low incomes to purchase household appliances, furniture, and medical equipment in a way that avoids the debt-trap of other forms of credit.
Hastings NILS is an alternative form of credit, not emergency relief, and we only lend to people who are able to repay a loan without it causing financial pressure. |
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The money for loans comes from donations and grants. As people repay the loans, the money goes back into the loan pool for other people to borrow. The LOCAL community benefits, as well as LOCAL businesses. Everyone that takes part helps other people, as well as improving the quality of their own life. You can also borrow again six months after you've repaid your previous loan. |
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People who:have lived in the
Port Macquarie Hastings Council for at least six months, andare receiving a Centrelink payment or are on a low income, andcan afford to repay the loan in fortnightly repayments.
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Lending |
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From $100 up to $1,000. |
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Household appliances, furniture and medical equipment. |
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Emergency reliefGeneral living expensesRent arrearsPayment of debts and billsSecond-hand goodsRecurring costs such as car regoCar repairsItems that other agencies provide |
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To discuss a loan application call the office on Monday, Tuesday or
Wednesday between 9.00am and 4.30pm on 6584 3200.
If you fit the basic eligibility criteria we'll send an application form
and arrange an interview. We'll give you a list of what you'll need to
provide at the interview.
Loan applications are assessed by an independent committee.
Repayments
Tailored to suit your budget
Debited using Centrepay
Minimum $10 a fortnight
Up to 18 months to repay
What does it cost?
There's absolutely no charges or interest on the loans. You simply repay
what you've borrowed.
Who do you speak to?
The Co-ordinator of the Hastings No Interest Loan Scheme will answer any
questions you have
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Postal Address
PO Box 2385 Port Macquarie 2444Office Location
Level 1 / 49 Horton Street Port Macquarie 2444
Phone
(02) 6584 3200
Fax
(02) 6584 3200
Email
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Hastings NILS is
funded by the NSW Office of Fair Trading
The loan funds are provided by:
A variety of charitable organisations along with community
fundraising efforts.
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Any donations are most welcome and donations of $2.00 and over are tax deductible. Registered Charity - CFN 14250
Be Involved in Your Community! Are you interested in being involved in this community based organisation?
Contact the Coordinator on 6584 3200 for details.
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