Interest free or low interest loans for low income earners

Overview

The ACT Microcredit Loan Program provides a limited number of no interest and low interest loans for suitable low-income earners who wish to start or expand an existing business.

Loan recipients can also access a range of services including:

• one-on-one mentoring
• peer support
• access to networking events.

Check if you can apply

No Interest loans

To be eligible for a no interest loan, you must:

• have had a Health Care Card (for a period of at least 6 months), Pension Card or equivalent
• have a combined family income no higher than $65,000 (including de facto relationship)
• have been an ACT resident for minimum of 6 months (proof of residency required)
• be setting up a business based in the ACT.

Low Interest loans

To be eligible for a low interest loan, you must:

• have had a Health Care Card (for a period of at least 6 months), Pension Card or equivalent
• have a combined family income no higher than $75,000 (including de facto relationship)
• have been an ACT resident for a minimum of 6 months (proof of residency required)
• have an existing or semi established business based in the ACT.