nils(vic) brochure inside - la trobe university · fold here fold here loans are approved for: are...

fold here fold here Loans are approved for: Are tailored to suit your budget Can be negotiated if you circumstances change Minimum fortnightly repayment is $10.00 Must be made within 18 months Qard Hassan Victoria No Interest Loan Scheme (NILS®) Are there restrictions about what I can buy with my loan? What can I buy with a Qard Hassan Victoria NILS® loan? Loan Repayments: • • • • • • • • Loan Application: Yes. Qard Hassan Victoria NILS ® aims to provide an alternative source of credit. We are not a welfare program or a charity. Loans will NOT be approved for: Cash advances Bond and rent money Living expenses such as food and utilities Debt repayment and consolidation • • • • All loan applicants will be required come for an interview. A Qard Hassan NILS worker will discuss your application and help you fill out a budget to assess your ability to repay the loan. You will need to bring a range of documents to the interview including: Qard Hassan Victoria NILS aims to provide you with a decision about your loan application within two weeks of your interview. Identification documents such as a drivers license or passport Statement of income from Centrelink Payslips, if relevant Gas, electricity, water and telephone bills Copy of your rental lease • • • • • Household appliances Household Furniture Educational costs such as some training course fees, school camps, textbooks Some medical equipment In Islamic terms, a Qard Hassan is a 'benevolent loan' or 'good loan' where the borrower is only required to repay the amount borrowed. Accordingly, the Qard Hassan Victoria NILS offers small, interest-free loans of up to $1000 to people on low incomes for the purchase of essential household goods and services. There are absolutely no fees, service charges or any other costs for the borrower. Qard Hassan Victoria NILS acknowledges the role and history of Good Shepherd Youth & Family Service in developing the NILS model to ensure people living on low incomes have access to affordable, fair and equitable credit to purchase items to improve the quality of their life.

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fold herefold here

Loans are approved for: Are tailored to suit your budget

Can be negotiated if you circumstances change

Minimum fortnightly repayment is $10.00

Must be made within 18 months

Qard Hassan Victoria No Interest Loan Scheme (NILS®)

Are there restrictions about what I can buy with my loan?

What can I buy with a Qard Hassan Victoria NILS®�loan?

Loan Repayments:

••

•

••

Loan Application:

Yes.

Qard Hassan Victoria NILS®� aims to provide an alternative source of credit. We are not a welfare program or a charity.

Loans will NOT be approved for:

Cash advances

Bond and rent money

Living expenses such as food and utilities

Debt repayment and consolidation

•

All loan applicants will be required come for an interview. A Qard Hassan NILS worker will discuss your application and help you fill out a budget to assess your ability to repay the loan. You will need to bring a range of documents to the interview including:

Qard Hassan Victoria NILS aims to provide you with a decision about your loan application within two weeks of your interview.

Identification documents such as a drivers license

or passport

Statement of income from Centrelink

Payslips, if relevant

Gas, electricity, water and telephone bills

Copy of your rental lease

•

Household appliances

Household Furniture

Educational costs such as

some training course fees,

school camps, textbooks

Some medical equipment

In Islamic terms, a Qard Hassan is a 'benevolent loan' or 'good loan' where the borrower is only required to repay the amount borrowed.

Accordingly, the Qard Hassan Victoria NILS� offers small, interest-free loans of up to $1000 to people on low incomes for the purchase of essential household goods and services.

There are absolutely no fees, service charges or any other costs for the borrower.

Qard Hassan Victoria NILS acknowledges the role and history of Good Shepherd Youth & Family Service in developing the NILS model to ensure people living on low incomes have access to affordable, fair and equitable credit to purchase items to improve the quality of their life.