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Cost of living crisis sees big jump in no interest loans

The NAB partners with Good Shepherd to provide no interest loans (AAP)
The NAB partners with Good Shepherd to provide no interest loans (AAP Image/Joel Carrett) Credit: JOEL CARRETT/AAPIMAGE

New data has found a government funded program which allows people to access no interest loans has been utilised by more families than individuals in the last year. A no interest loan can be used to purchase essential goods such as fridges, medical bills or computers if the individual earns less than $70,000 per year.


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By Ciara Hain

Presented by Vahe Kateb

Source: SBS



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New data has found a government funded program which allows people to access no interest loans has been utilised by more families than individuals in the last year. A no interest loan can be used to purchase essential goods such as fridges, medical bills or computers if the individual earns less than $70,000 per year.



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