Financial Wellbeing and Capability Activity – No Interest Loans Scheme for Vehicles

Overview

The Australian Government is inviting one organisation to apply in a closed, non-competitive grant process to deliver services under the Financial Wellbeing and Capability (FWC) Activity – NILS for Vehicles program from 1 July 2025 to 30 June 2030.  To be eligible to apply, you must have received an invitation to apply through GrantConnect. The NILS for Vehicles program contributes to the FWC Activity outcomes by helping eligible individuals and families to purchase an eligible vehicle (car, motorcycle, scooter or boat) for transport for essential day to day use (such as, employment purposes, caring responsibilities, and medical care). NILS for Vehicles provides participants with access to fair and safe loans for vehicles of up to $5,000 with no interest, fees or charges and a repayment period of up to 4 years. The objectives of the NILS for Vehicles grant opportunity are to: Provide access to NILS for Vehicles loans to eligible people and improve pathways to mainstream financial services and products, thereby reducing applications for unsafe credit. Support participants to build their financial capability, self reliance and financial resilience through the experience of applying for a loan and successfully meeting their repayment obligations. Provide funding for operational expenses for the effective national delivery of the NILS for Vehicles program. This grant opportunity will open for 2 weeks for application.