If you’re looking for a tax efficient way to support mission and outreach work with your funds, Steer Incorporated’s Interest Free Loan (IFL) is well worth considering.
For as little as $1,000, or $500 for students or people under 18 years of age, you can invest in a Steer Interest Free Loan. We then invest your funds in term deposits, first mortgage secured loans or bank bills.
Steer Incorporated then periodically distributes the interest gained on your loan to Christian mission and outreach organisations.
As a lender you can suggest the mission organisations you would like to benefit from the interest earned through our investment.
There is no fixed period for an Interest Free Loan to Steer. Should you need to withdraw your loan (in part or whole), we will refund it with 31 days written notice (effective from 1st January 2017).
Because Steer Incorporated is a tax exempt charity, income earned by us is distributed to missions and outreach both in Australia and overseas.
Want to know more? Contact us for more information.