Ongoing

No Interest Micro-Business Loan Scheme (NILS)

Funding

Up to $3,000

Region

TAS

View Official Page

Overview

The No Interest Loan Scheme 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. Eligible businesses can apply for loans of up to $3,000 to help with start-up costs, insurance, registration costs, or equipment purchases.

Eligibility Requirements

Applicants must hold a current healthcare card, pension card or DVA card; be in receipt of fortnightly Centrelink or DVA payments, or have a working income of $60,000 gross or less; live in stable accommodation; and have capacity to repay the loan.

Who Can Apply

StartupsSmeRegional

Relevant Industries

Economic DevelopmentRegional Development

How to Apply

Applications are submitted through the official government portal. Review the eligibility criteria carefully before applying, and ensure all supporting documents are prepared.

Visit the official application page

Disclaimer: Grant information is sourced from official government websites and updated regularly. Always verify current eligibility and deadlines on the official program page before applying.

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