No Interest Micro-Business Loans

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Last updated on July 24, 2017

The No Interest Micro-Business Loan program can provide financial assistance for those on low incomes who want to start a business or need help to grow their business.

The No Interest Micro-Business Loan program provides small, interest-free loans of up to $3,000 to people on low incomes. The program is delivered in Tasmania by the No Interest Loans Scheme (NILS).

The program can:

  • provide an interest-free loan to successful applicants
  • help you to turn a business idea into a practical proposal
  • provide information on basic compliance and other requirements for establishing a business
  • help you grow your business.

Who can apply?

Anyone who has a Health Care Card and has completed a business plan.

Applying for a loan

Call Business Tasmania on 1800 440 026 or email ask@business.tas.gov.au.

If approved, NILS will manage the loan. Payments are made fortnightly at an agreed rate. Repayments may be made through Centrepay, a free direct bill paying service available to anyone receiving a Centrelink payment. All planning advice and mentoring from Enterprise Centres is free of charge.

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