Safe, low-cost, low-value interest 5.99% p.a. fixed rate of interest (contrast price 5.99%* p.a.)

*The contrast price is 5.99% pa. Contrast prices are derived from that loan of $2,500 over a term of 24 months. WARNING: This contrast price holds true limited to the examples offered and may also maybe perhaps maybe not consist of all costs and costs. various terms, costs or any other loan quantities might end up in a comparison rate that is different.

A residential district focused initiative of Good Shepherd Microfinance and NAB goodshepherdmicrofinance.org.au

DISCOVER your closest provider

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WHAT IS StepUP?

StepUP is really an interest that is low for individuals on low incomes who’ve trouble accessing credit from the bank. You are able to borrow from $800 – $3,000 with as much as 36 months to back pay it. There are not any charges.

Microfinance employees will help you gather the papers you require, complete the application and assistance make certain you are able to repay your loan. Loans could be held in specific or names that are joint.

These loans are to aid individuals to boost their standard of living and are supplied for a basis that is not-for-profit.

DISCOVER YOUR NEIGHBORHOOD StepUP PROVIDER

StepUP is provided by district organisations in 38 places across Australia.

SO WHAT CAN THE LOANS BE APPLIED FOR?

Loans are for things such as for instance:

  • Secondhand vehicles or repairs
  • White products
  • Furniture” width=”130″ height=”130″ />Furniture
  • Computer Systems
  • Vocational education
  • Healthcare expenses

Loans can’t be utilized for money, debt consolidation reduction, breaks or bills

We have every thing now. I’ve freedom. We have my entire life right straight back. which is a change that is big. – Vaska, StepUP customer, Good Cash, Collingwood, Victoria

StepUP LOAN DETAILS

  • Borrow between $800 – $3,000
  • No charges and low-value interest at 5.99per cent p.a. (Comparison rate* 5.99% p.a.)
  • Repay over a group term as high as three years
  • A credit check is needed

have always been I QUALIFIED TO RECEIVE A StepUP LOAN

To qualify you need to:

Have ongoing health Care Card/Pension Card, or get Family Tax Benefit the

Live in your premises that are current more than three months

This along with other eligibility requirements are going to be talked about because of the Microfinance Worker whenever you enquire.

REPAYMENT CALCULATOR

5.99% interest p.a. (Comparison rate* 5.99% p.a.)

Loan Amount Repayments
Term three years Weekly Fortnightly Month-to-month
$1000 $6.97 $13.88 $30.92
$2000 $13.94 $27.74 $61.83
$3000 $20.93 $41.73 $92.25
Term a couple of years
$1000 $10.14 $20.15 $44.32
$2000 $20.27 $40.29 $89.63
$3000 $30.45 $60.67 $133.95
Term 1 $1000 $19.55 year $39.11 $87.06
$2000 $39.34 $78.68 $173.12
$3000 $59.12 $118.25 $258.19

Please be aware: The payment quantities must certanly be used being an approximate guide only. The precise information on your loan will be supplied for you in your loan agreement. Lending by NAB is susceptible to NAB’s financing requirements.

StepUP assisted me personally away from a truly bad finances and to begin with a brand new life with my children – Reza, StepUP client, decent Money, Collingwood, Victoria

SO HOW EXACTLY DOES IT WORK?

  • 1. ENQUIRE

Send your enquiry to StepUP.

2. Paperwork

Finish the paperwork supplied by the StepUP Microfinance employee.

3. Interview

Bring all your valuable documents to a gathering along with your neighborhood StepUP Microfinance employee.

    4. Assessment

    The application will be provided for NAB for evaluation, which include a credit check.

    5. Loan Outcome

    If authorized, you will have to check out your NAB that is local branch signal the mortgage agreement and either get a cheque made down to your provider or the provider will undoubtedly be compensated via EFT. If declined, you will be given a call from your own StepUP Microfinance employee and a page from NAB.

    6. Repay

    Make repayments to NAB weekly, fortnightly or monthly as agreed when you look at the application for the loan.

    THAT IS GOOD SHEPHERD MICROFINANCE?

    Good Shepherd Microfinance is Australia’s microfinance organisation that is largest.

    You can expect a suite of people-centred, affordable programs that are financial individuals on low incomes at various monetary phases of the life.

    Our aim, along with those of y our community lovers, is always to allow consumers to realise their very own financial health, as they define it themselves, through appropriate monetary services. As a result, individuals feel respected, accepted, included plus in control over their finances that are own life.

    Our flagship loan programs are the No Interest Loan Scheme (NILS) therefore the StepUP low-value interest loan.

    EXACTLY WHY IS NAB ASSOCIATED WITH THE PROGRAM?

    StepUP is just an initiative that is not-for-profit Good Shepherd Microfinance and nationwide Australia Bank (NAB) whom provides cash when it comes to loans.

    NAB is a big services that are financial with more than 12.4 million clients. NAB is using its abilities, resources and expertise to greatly help deal with the problem of financial exclusion in Australia and also to assist individuals to have relationship that is healthy money.