If you need to borrow money to purchase an essential item, such as whitegoods, furniture or electrical goods, pay a bill, or for medical expenses there are several options.
Good Shepherd Microfinance provides No Interest Loans of up to $1,500 to help people on low incomes cover the cost of essential goods and services, such as fridges, washing machines and medical procedures.
If you receive a Centrelink income, you can use Centrepay to arrange small, regular deductions from your payment to pay for your bills, for example child care, electricity and rent. You can start or stop using it whenever you like.
Good Shepherd Microfinance also offers a no fee, low-interest loan up to $3,000 for people who may have trouble accessing credit from a bank.
Good Shepherd Microfinance offers small loans from $200 to $2,000 with repayment options ranging from three months to one year (without the hidden costs). The repayment options are flexible so you can pay early and as often as you like with no extra fees. To be eligible, you need a minimum annual income of $30,000 (excluding government benefits) before tax to apply.
Foresters Community Finance provide a personal loan up to $4,000 with no interest or setup fee for any worthwhile purpose.
QuickstART by Foresters Community Finance, is a Micro-loan scheme for individual artists and small-scale cultural enterprises.