StepUp Loans Canberra ACT – Small Low Interest Loans

The StepUP program is no longer available – Learn about other loan options here.

Are you in need of a small loan and struggling to find a low cost option? See how you can cover unexpected expenses for things such as a auto repairs, household items or a computer. Get information on how to get a genuine loan up to $3000 through StepUp.
These are cheap loans designed for low income earners and those who do not qualify with traditional lenders.

StepUp are provided on a non-for-profit basis by the Good Shepard Microfinance in partnership with the NAB.

Loan Details:
Loan size: $800 – $3000
Interest rate: Fixed rate at 5.99% p.a.
Period: set term up to 3 years
Costs: No fees

 
Loan Uses:
Loans are to be used for everyday household needs and not entertainment or debt, examples include:

– White goods such as a washer/dryer, oven, fridge, etc
– Essential Furniture
– Computer/Laptop
– Vocational education
– Medical and dental expenses
– Second-hand cars or vehicle repair

* If you are in need of a loan to pay for bills, there are other free bill assistance programs available.

Eligibility Criteria

– Centrelink recipients accepted (must have a Pension or Healthcare Card or be collecting Family Tax Benefit A).
– Earn less than $35,000 a year after tax
– Must be able to prove length of residence in current home, you will need a minimum of 3 months.
– Credit check required

How and Where to Apply in the Northern Territory (NT)
There is one StepUp loan provider in the ACT, located in Symonston. Simply visit the office to apply or enquire online.

Office Location and Contact Details

Baptistcare NSW & ACT – Canberra StepUp
14 Wormald Street
Symonston, ACT, 2609
Phone: 02 6195 3168
Hours: Tues – Thur, 9am to 5pm

*If you are not near any of the above locations, contact the national line on 13 64 57 to arrange alternative borrowing options.

Review Other Financial Assistance Programs Below:
Learn about other financial assistance programs, there are numerous other social services like non-profits that can help with bills, rent, food and small cash loans or grants. If you dealing with financial hardship, there are options available to help improve your situation.

Bill Smoothing – A highly effective budgeting tactic used by utility companies but can be used across all bills. This helps keep monthly expenses at a low manageable amount and avoids large one off bills like registration.
Advanced Payment – For those collecting Centrelink benefits, this allows you to access a portion of your future payments to pay for current needs.
Financial Counsellors – For any general or serious financial issues, counsellors can assist. They have the ability to provide professional advice on all situations. They also have strong partnerships with most financial aid programs to help. There are numerous office located throughout Canberra.
Centrelink Loans – If you are in a situation that requires cash, there are a range of responsible lending providers that help Centrelink recipients. Loans range from $100 to $4000 depending on lender and need.
Other Loan Options – In addition to the above, there are a range of other loan options for low income earners. This includes, bad credit, emergency, unemployed, single parent and more.