About StepUp Loans
StepUp loans are our low-interest, safe and affordable loans.
A community focused initiative of Good Shepherd and National Australia Bank.
StepUp is a low interest loan for people on low incomes who have difficulty accessing credit from a bank. You can borrow from $800 – $3,000 with up to three years to pay it back. There are no fees.
What can I use this loan for?
To buy or repair a car
StepUp Loans can be used to buy a second hand car, pay for repairs or registration.
To pay for medical or dental expenses
StepUp Loans can be used to pay for medical or dental procedures
To pay for education essentials
StepUp Loans can be used to pay for essentials like books and pens.
Household items and essentials
StepUp Loans can be used to buy household items like fridges and washing machines.
Other items as requested
StepUp Loans can be used to pay for education essentials like books and pens.
Find your nearest Provider
StepUp is offered by local community organisations in 38 locations
across Australia.
Am I eligible?
You are eligible if:
Safe, Affordable, Low Interest 5.99% p.a. fixed interest rate (Comparison rate 5.99%* p.a.)
*The comparison rate is 5.99% pa. Comparison rates are based on a loan of $2,500 over a term of 2 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
How to Apply
Step 1: Eligibility
To find out if you are eligible for a No Interest Loan, fill out our eligibility form here.
Step 2: Enquiry
To Find your nearest StepUp provider click here
Step 3: Appointment
Make an appointment to meet with your provider
Step 4: Paperwork
Submit your paperwork for you loan application to be assessed.
Step 5: Assessment
Your application will be assessed.
Step 6: Outcome
You will be informed of the outcome of your application by phone or email.
StepUp Loan Repayment Calculator
5.99% interest rate p.a. (Comparison rate* 5.99% p.a.)
| Loan Amount | Repayments | ||
|---|---|---|---|
| Term 3 Years | Weekly | Fortnightly | Monthly |
| $1000 | $6.97 | $13.88 | $30.92 |
| $2000 | $13.94 | $27.74 | $61.83 |
| $3000 | $20.93 | $41.73 | $92.25 |
| Term 2 Years | |||
| $1000 | $10.14 | $20.15 | $44.32 |
| $2000 | $20.27 | $40.29 | $89.63 |
| $3000 | $30.45 | $60.67 | $133.95 |
| Term 1 Year | |||
| $1000 | $19.55 | $39.11 | $87.06 |
| $2000 | $39.34 | $78.68 | $173.12 |
| $3000 | $59.12 | $118.25 | $258.19 |
Please Note:
The repayment amounts should be used as an approximate guide only. The specific details of your loan will be provided to you in your loan contract. Lending by NAB is subject to NAB’s lending criteria.
Not sure which loan is for you?
Use our loan comparison tool to find out
What our Clients are saying
Robert
StepUp Loan Client
I really wanted a car. I needed it for my independence, so I thought I would get in touch and that’s how I met Julie.
Vaska
StepUp Loan Client, Good Money Store, Collingwood
I have everything now. I have freedom. I have my life back…that’s a big change.
Reza
StepUp Loans client, Good Money, Collingwood
StepUp helped me out of a really bad financial situation and to begin a new life with my family
Emergency relief support
For other emergency relief assistance with food parcels, bills and rent, to find a DSS Emergency Relief service provider near you.
Useful Resources
Women and Payday Lending report
Read our latest report about women and payday lending
Our Publications
View our latest resources and publications
Policy and Advocacy
View our latest policy and advocacy work
Useful resources
MoneySmart Budget Planner
Used in our workshops, this can help you set a budget
Reduce power bills
These tips can help reduce your power bills
Disaster proof your finances
Be financially prepared if a disaster strikes
