No Interest Loan Scheme
A NILS loan can help Adur and Worthing residents who can't access or afford existing forms of credit.
Adur & Worthing No Interest Loan Scheme
About NILS Loan
Boom Community Bank is partnering with Adur & Worthing Councils to deliver a No Interest Loan Scheme. The scheme is available to residents in both Council areas and supports those experiencing acute financial difficulty.
A NILS loan can help those unable to access or afford existing forms of credit, but can afford to repay small sums, offering a way to spread essential or emergency costs. Check your eligibility and apply for an interest-free loan of between £300 and £1,500. There are no fees; you only repay what you borrow so we can lend it again to someone else.
What can NILS loans be used for?
Good to know
Check The Cost
Maximum Loan Term :
Adur & Worthing No-Interest-Loans (NILS) are only available to Adur & Worthing Residents. The rate, repayment amount, and frequency displayed on this page are illustrative. Our offer depends on the applicant's financial circumstances and the credit and affordability assessment outcome. We may offer an alternative loan option to NILS applicants whose financial circumstances meet our regular lending criteria. In this case, interest will be applied (Representative 29.49% APR).
No interest or fees
Suggested weekly savings
How it works
Loan application process
Work out how much you want to borrow
Use the loan calculator to see what the repayments are likely to be.
Apply for your loan
The online application is quick and easy to complete.
Our loan offer
Our loan offer is subject to affordability and credit checks.
The Credit Agreement
Sign the agreement online and upload you ID and other documents we ask for.
What to expect
When you apply
- We will check your eligibility to apply.
- We will ask you to enrol in Open Banking, allowing us secure access to your bank statements.
- You will be kept fully informed via text messages and emails.
- We will ask you to supply specific documents, including a valid photo ID, to pay out an approved loan.
Find out more
Frequently asked questions
Adur & Worthing NILS is funded by Adur & Worthing Councils to support local residents; therefore, applicants must live in an Adur and Worthing Council Area.
Successful NILS applicants are likely to be in receipt of a low income and benefits. We may offer an alternative loan to applicants we assess meet standard lending criteria.
Applicants must not have a current loan balance with Boom Community Bank.
Approval is subject to credit checks and affordability assessment. We aim to respond within one working day. It may take a little longer if we need additional information, in which case we will contact you.
NILS Loans are issued under a legally binding credit agreement and must be repaid in accordance with the repayment schedule agreed upon when the loan is issued.
Failure to make timely repayments may impact your credit score. Our account support will proactively contact members when payments are missed and are available to be contacted should any concerns arise.