StepUp is a low interest loan for people on low incomes who have difficulty accessing credit from a bank.

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StepUp is a not-for-profit initiative between Good Shepherd Microfinance and National Australia Bank (NAB) who provides money for the loans.

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StepUp is delivered by Microfinance Workers based in local community organisations.  They will assist applicants to collect documents required for assessment and complete the application.

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You can borrow from $800-$3,000 with up to three years to pay it back, and there are no fees.

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To be eligible to apply for a StepUp Loan you must:

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• Hold a current Centrelink Health Care Card; or Pension Card; or Qualify for Family Tax Benefit A.

• Have lived at your current address for more than three months.

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A credit check is required when applying for a StepUp Loan and this can be discussed further with a Microfinance Worker when you enquire.

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Loans can be used for items such as:

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• White goods

• Furniture

• Computers

• Medical Expenses

• Vocational Education

• Second Hand Cars or Repairs

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StepUp Loans cannot be used for cash, debt consolidation, holidays or bills.

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For more information please contact:

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Angela Young on (07) 4654 1411 or 

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Further information is also available on the StepUp Loan website