NILS Loan Application Form - No Interest Loan Scheme 2025

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  1. Click ‘Get Form’ to open the NILS Loan Application Form in the editor.
  2. Begin with Section 1, where you will enter details for Applicant 1 and Applicant 2. Fill in titles, full names, dates of birth, nationalities, and National Insurance numbers. Ensure all information is accurate.
  3. In Section 2, indicate how long you have lived at your current address. If less than two years, provide your previous address.
  4. Proceed to Section 3 to list dependents. Include their names, ages, and relationships to you.
  5. Next, complete the Personal Budget section by detailing your income sources and amounts. Be thorough to ensure a clear financial picture.
  6. Then, outline your expenditures in the designated fields. This includes accommodation costs, utilities, and other necessary expenses.
  7. In the Declaration & Authorisation section, specify the item you wish to purchase and loan amount. Sign and date as required.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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Once your loan is submitted to the loan provider, we usually get an assessment decision in 24-48 hours.
Some lenders may offer a 0% promotional period on a loan, meaning you wont pay interest for a set number of months. But youll always end up paying interest before your loan is paid off. However, lenders do offer other types of interest-free credit.
As far as the IRS is concerned, there is no such thing as an interest-free loan. Loans without interest, or at below-market interest rates, are recharacterized so that the lender must recognize market-rate interest income.
Your NILS loan can give you up to $2,000, for the purchase of things like household items, car repairs and registration, medical expenses, technology and education.