Little loans. Sum of money NAB has made designed for microfinance financing

A couple of key outcomes


Approved microfinance loans for low-income Australians since 2005.

Supplied in microfinance loans since 2003.

How come this crucial?

Many people do not get 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 tiny loans along with other economic assistance to enable them to get ahead, that also increases sustainable financial growth.

Just exactly What do we do?

Since 2003, weve been dealing with Good Shepherd Australia New Zealand, state and federal governments to assist offer Australians with savings, training and microfinance products 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 greatly help Australians manage home basics or training costs with loans as high as $1,500.

  • The very first bank to provide a fully-featured, deal account without any month-to-month account costs to any or all individual clients
  • You can expect cost free banking to any or all our clients with this NAB Timeless bank account, and now we do not charge charges for using over 10,000 ATMs across Australia.

    Weve supplied services that are expert assist individuals realize finance

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

    We now have also utilized the classes discovered in Australia to guide the growth of monetary addition in brand New Zealand, through Bank of brand new Zealand (BNZ), the NZ government, the Salvation Army and Good Shepherd NZ.

    Modifications towards the StepUP Loan System

    Since 2004, NAB has worked 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 was released in 2004, and then we recognise the scheduled system has to keep evolving to satisfy consumer requirements and objectives.

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

    As of the 31st of March, we shall not any longer be accepting brand new applications for the StepUP Loan.

    We carry on working together with Good Shepherd to check out alternatives for a more targeted loan system that better satisfies the needs of Australians and can offer additional information soon Please check out Good Shepherd to get the right loan for you.

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

    For StepUP Customers

    Please contact 13 22 65 when you yourself have any general account enquiries.

    We understand a number of our clients like to talk to us in a language apart from English. If youd instead speak to us an additional language, we are able to request an interpreter to assist you together with your banking enquiries, at the mercy of access. Our interpreters speak a variety that is wide of, therefore merely pose a question to your banker in regards to the solution whenever you call.

    NAB is devoted to Aboriginal that is ensuring and Strait Islander customers can continue steadily to better access economic solutions, including our banking solutions. To greatly help help this, NAB has established a specialized client service line, to higher support access for native Australians, specially people who are now living in remote components of Australia. To get into this support line, clients may phone the native Customer Service Line right on 1800 966 100.

    There are not any modifications to your current StepUP Loan. Rate of interest stays at 5.99% p.a. without any costs or costs.

    Want additional information?

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

    If youd like information about borrowing $5,000 or maybe more, learn whether a NAB Personal Loan is just a suitable choice.

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