Cost of living crisis sees big jump in no interest loans
The NAB partners with Good Shepherd to provide no interest loans (AAP Image/Joel Carrett) Credit: JOEL CARRETT/AAPIMAGE
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New data has found a government funded program which allows people to access no interest loans has been utilised by more families than individuals in the last year. A no interest loan can be used to purchase essential goods such as fridges, medical bills or computers if the individual earns less than $70,000 per year.
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