Little loans. Sum of money NAB has made readily available for microfinance lending

A couple of key outcomes


Approved microfinance loans for low-income Australians since 2005.

Supplied in microfinance loans since 2003.

Exactly why is this essential?

Many people do not gain access to banking or credit, that may place them prone to dropping into poverty and passing up on possibilities. You want to play a role in helping Australias many susceptible with little loans along with other monetary assistance for them to get ahead, which also contributes to sustainable financial growth.

just just What do we do?

Since 2003, weve been using the services of Good Shepherd Australia New Zealand, state and governments that are federal assist offer Australians with money, training and microfinance items in over 600 areas around Australia.

Weve contributed to low-interest or loans that are no-interest

  • Supplied over 180,000 no-interest loans to low-income Australians
  • We support Good Shepherd Australia New Zealandis no Interest Loan Scheme (NILS) to simply help Australians pay for home essentials or training costs with loans as high as $1,500.

  • The bank that is first give you a fully-featured, deal account without any month-to-month account costs to any or all personal clients
  • You can expect charge free banking to any or all our clients with this NAB Classic Banking account, so we do not charge costs for using over 10,000 ATMs across Australia.

    Weve offered expert solutions to assist people comprehend finance

  • Assisted over 50,000 families and folks with monetary access and conversations through decent money.
  • Together with decent money and state governments, weve opened Good Money stores in Victoria, Southern Australia and Queensland, where individuals could possibly get use of little loans and have actually conversations with specialists for more information about finance.

    We’ve additionally utilized the classes discovered in Australia to aid the introduction of monetary inclusion in brand New Zealand, through Bank of the latest Zealand (BNZ), the NZ government, the Salvation Army and Good Shepherd NZ.

    Modifications into the StepUP Loan Program

    Since 2004, NAB did with Good Shepherd Australia New Zealand, State and Federal governments and much more than 160 community organisations to greatly help offer Australians with savings, microfinance and education items.

    Australia changed notably since StepUP premiered in 2004, and then we recognise the system has to keep evolving to fulfill client requirements and objectives.

    After paying attention to feedback from clients, community lovers and customer teams weve made a decision to breeze straight straight down StepUP in its present kind.

    at the time of the 31st of March, we shall no further be accepting applications that are new the StepUP Loan.

    We carry on working together with Good Shepherd to look at alternatives for a more targeted loan system that better satisfies the requirements of Australians and certainly will offer more details quickly. Please check out Good Shepherd to get the loan that is right you.

    Existing clients will still be supported by NAB and that can continue steadily to repay their loans until last completion. NAB Assist continues to provide help for clients hardship that is experiencing may be contacted on 1800 701 599.

    For StepUP clients

    Please contact 13 22 65 for those who have any basic account enquiries.

    We all know many of our clients like to talk with us in a language apart from English. If youd instead speak to us an additional language, we could request an interpreter that will help you together with your banking enquiries, at the mercy of access. Our interpreters talk a variety that is wide of, therefore just pose a question to your banker in regards to the solution once you call.

    NAB is devoted to ensuring Aboriginal and Torres Strait Islander customers can continue steadily to better access monetary solutions, including our banking solutions. To greatly help help this, NAB has established a customer that is dedicated line, to higher support access for native Australians, especially people who reside in remote elements of Australia. To get into this support line, clients may phone the native Customer Service Line entirely on 1800 966 100.

    There aren’t any modifications to your StepUP that is current Loan. Rate of interest continues to be at 5.99% p.a. without any costs or costs.

    Want extra information?

    For further resources on Financial Inclusion and Resilience in Australia, please head to our resources collection.

    If youd like all about borrowing $5,000 or even more, discover whether a NAB unsecured loan is just a suitable choice.