Step Up Loans

Step-Up Loans are for people on low income and can be applied for through UCW Bowden.  They are a low interest National Australia Bank loan product that has been developed in conjunction with Good Shepherd Youth and Family Service and is now offered in SA, Vic, NSW, Qld, Tas and WA through non-government agencies.

Current interest rate is 3.99% per annum.

People who are eligible must hold either a current Centrelink Health Care Card, Pension Card or be eligible for Family Tax Benefit A.  They must also have resided at their current address for a minimum of 6 months.

Step-Up Loans provide access to low interest credit for those unable to obtain credit by other means or who are experiencing financial strain or hardship.

Step-Up can help applicants rebuild their lives and gain entry into the mainstream credit system.

Applicants are not judged on literacy levels or ability to work out a budget.

The process to apply for a Step Up loan is as follows

• Step 1 Phone Reception on 8245 7100 for an information pack.
  This pack includes a list of documents that are required to apply for a loan.
• Step 2 Gather the required documentation.
• Step 3 Make an appointment for an interview with our Microfinance Worker.
• Step 4 Attend the interview with all of the required documents to make your application for a Step up loan.

Interpreters can be arranged to attend interviews at the Munno Para library on Wednesdays.

For more information or to book, contact (08) 8245 7100.