This video explains how the Step Up and Adds Up programs work for a couple who need a loan for a new washing machine.
To find out more about the programs visit https://www.MoneySmart.gov.au/borrowing-and-credit/other-types-of-credit/no-or-low-interest-loans#Other
Financial counsellors can help set up these programs for low income earners in need of personal loans.
This video was made by National Australia Bank’s Indigenous Money Mentor Program.
MoneySmart is a website run by the Australian Securities and Investments Commission (ASIC) to help people make smart choices about their personal finances.
For more money tips and information visit https://www.MoneySmart.gov.au or visit our Facebook page at http://www.facebook.com/MoneySmartAu