NAB and Good Shepherd: $480 million and 20 years of support for people experiencing vulnerability

This month, NAB and Good Shepherd Australia New Zealand (Good Shepherd) are celebrating a 20-year partnership supporting close to one million people experiencing vulnerability with safe and affordable access to more than $480 million low and no interest loans (NILs). NILs explained NILs are small loans available to people on lower incomes, who can often find themselves excluded from mainstream credit. They provide people with safe, fair and affordable access to credit for essential goods and services without the stress of high interest loan repayments, charges or late fees. NILs – funded by NAB and accessed through Good Shepherd – can be used to purchase things such as a new fridge or washing machine, paying for school expenses and uniforms or even buying a car to get to work. NAB’s partnership with Good Shepherd Since the partnership began in 2003, NAB and Good Shepherd have delivered more than 370,000 loans to eligible people on lower incomes. NAB provides capital for NILs and is the only major bank to offer a program that allows people on low incomes to access no interest and no fee credit. As living costs continue to rise, along with higher grocery and petrol prices, data from
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