No Interest Micro-Business Loan Scheme
The No Interest Loan Scheme (NILS) helps low-income Tasmanians get affordable loans to start a new business or help grow an existing business.
NILS loans are not subject to any credit checks, and have no fees, charges or interest. You only repay what you borrow.
Funding
Eligible businesses can apply for loans of up to $3,000 to help with start-up costs, insurance or registration costs, or equipment purchases.
Who’s it for?
To qualify for a NILS loan, you need:
- A current healthcare card, pension card or DVA card
- To be in receipt of fortnightly Centrelink or DVA Payments, or have a working income of $60,000 gross or less
- To live in stable accommodation
- Capacity to repay the loan.
Apply
To apply, contact Business Tasmania to meet with a business advisor who will help you complete your loan application and develop a business plan.