Community Loans especially for you
If you’re looking for a personal loan but can’t access finance from a bank or mainstream lender, we could have a product that’s suitable for you.
Community loans up to 12 months have no interest and a setup fee.
NILS loans up to $1,500 and 12 months have no interest and no setup fee**
When you apply for a Foresters Community Loan, we’ll do four things:
- Make sure you have the right product for your needs
- Help you understand your loan and your financial situation
- Ensure you receive a loan you can realistically repay
- Try to find someone else who can help, if we think our products aren’t right for you
Foresters Community Finance is an ethical not-for-profit lender.
Our Community Loans are assessed by our committee based on your individual circumstances. Once we receive all documentation from you, we aim to advise you of the decision on your application quickly. Approval is based on your ability and willingness to repay the loan.
You can repay your Community Loan fortnightly, or and make additional payments at any time without incurring penalty fees.
We have a one-off loan establishment fee, which you can add into the loan. There are no hidden monthly costs or early exit fees.
We believe in lending responsibly to help people regain financial independence, and treating all our customers with respect and dignity.