Online loan facility for low income earners welcomed
Consumer Protection has welcomed the launch of an online application facility that will provide easier access for low income earners to get affordable loans.
Speaking at the launch today, Commissioner for Consumer Protection Anne Driscoll said that being able to apply for these loans online is a great advantage to consumers who need it most.
“Providing better accessibility through an online process will encourage those people who are unable to attend a centre to apply for these no interest loans and obtain much needed financial support,” Ms Driscoll said.
“Getting access to these essential funds can often mean that a person can get back into the workforce, lower their cost of living, improve their health or be able to participate in their community instead of being socially or financially excluded.”
Willetton-based WA No Interest Loans Network Inc. provides no interest loans of between $250 and $1,500 for a range of purposes such as purchasing essential goods and services, improving health and wellbeing, taking part in social activities and implementing energy saving initiatives such as solar panels, insulation and window tinting.
“WA NILS was a Consumer Protection Award winner in 2010 and it is great to see that, since then, they continue to support the more vulnerable members of our community and improve the quality of their lives.
“The community lending organisation has expanded the range of services available to low-income families and individuals in recent years and they should be commended for their excellent work.”
Since its inception in 1999, WA NILS has loaned more than $12.7 million to 13,700 clients. More information and online loan applications can be made at: www.wanils.asn.au
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