We offer no and low interest loans to buy essential household goods and services such as appliances, furniture, second-hand cars, education costs such as computers and tablets, and medical and dental expenses.

Which loan is good for me? 

No Interest Loan Scheme (NILS)

- Up to $1,000

- No interest and no fees

- Repayments over 12 - 18 months

- For essential household goods and services including beds, dining room furniture,

fridges, medical and dental expenses, computers, tablets and textbooks

- You must be eligible for a Community Services Card

- You must have the willingness and capacity to repay


>Find out more


StepUP Loan

- Between $1,000 and $5,000

- 6.99% interest

- No fees 

- Repayments over 6 months to 3 years

- For essential household goods and services such as cars and car repairs, fridges and

washing machines, computers and course fees, and medical and dental expenses 

- You must be eligible for a Community Services Card

- You must have the willingness and capacity to repay

- BNZ lending criteria and terms apply

>Find out more

What do people say about our loans?


Maria is smiling again thanks to an affordable Good Shepherd NZ loan for her dental expenses. Having a limited income meant that Maria had not been able to prioritise the problems with her teeth before. >Read Maria's story



A Good Shepherd NZ loan is making a world of difference for Billy. The new car he bought with his StepUP loan means can now get to work and take his daughter to her appointments at the medical centre. >Read Billy's story


Aayla wanted to avoid the high interest credit that she'd had in the past. An affordable low-interest loan, with manageable repayments has helped her stay on track of her finances. >Read Aayla's story


The history of our microfinance loans

In Collingwood, Melbourne in the early 1980s, the Good Shepherd Sisters were working with people who didn’t have enough money to buy essential household items such as fridges or washing machines that would enable them to improve their circumstances. The Sisters came up with an audacious plan to make small loans available using a pool of $20,000, and began loaning money to people to purchase these essential items. The loans were provided with no interest, and people were trusted to repay them so the money could be loaned again to benefit others in their community.

This was the beginning of NILS (No Interest Loan Scheme) that can be found in more than 600 locations across Australia, and in 14 locations across New Zealand. Good Shepherd NZ works with community organisations to deliver the loans, with support from the Ministry for Social Development. We partner with BNZ to meet the ongoing need for fair and affordable finance, and together we have established StepUP loans to work alongside NILS for those who need larger loans for purchases such as cars.


Download Brochure - NILS and StepUP loans

StepUP loans

“Lisa (the loan worker) was very responsive to emails and questions and she was always available to help me out. It was all very stress free," says Beth. Are you interested in a StepUP loan?

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NILS Loans

"The opportunity to apply for interest-free loans like this, to help young women, young mums like me to better themselves is such a positive thing. Now I’m a lot more confident," explains Shantelle. Are you interested in a NILS loan?

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Impact of NILS and StepUP loans

Research from both New Zealand and Australia show that there can are a number of different ways that NILS and StepUP loans can support people with increased confidence, mobility, employability and financial capability.

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