Zero-interest for more affordable borrowing
A lending resource accessible when other avenues are restricted, provided through collaboration with local councils.
Local Initiatives
No Interest Loan Schemes
Boom Community Bank No Interest Loan Schemes (NILS) are funded by local authorities seeking to extend the form of financial assistance to residents. Access to these schemes is exclusive to individuals residing within the respective council areas.
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.
Free to use
