StepUP is a low interest loan for people on low incomes. The loan can be used to purchase items such as a second hand car or car repairs, furniture, a computer, white goods and electrical items, vocational education or medical expenses.
Loans are for amounts from $800 to $3000 with a three-year repayment period.
Am I eligible?
You can apply for a StepUP loan if you meet a number of conditions including:
- Hold either a Centrelink Health Care card, Veterans’ Affairs or Pension card, or receive Family Tax Benefit A
- Earn under $35,000 net per annum
- Have lived at your current address for a minimum of three months, and
- Are a permanent resident of Australia