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But I’ve seen some positive feedback about NEIS before, so some people might benefit.
I’m not quite sure about the NAB loan. I think it’s $3,000, and probably like any loan they will want some guaranty you can repay it back. You’ll also need a good business plan which is promising/convincing, something that you’ve done as part of your NEIS training.
I’m receiving a government payment even though I have a reasonable amount in a savings account and term deposits. The benefit is reduced, not maximum, but still reasonable. So, no you don’t need to use up all your savings. I don’t have a house, so if you do, that might make a difference.
Yes, I’ve heard a LOT of stories like yours – that NEIS is not all its cracked up to be, mentors that did next to nothing to support the candidate, horrible training, etc. But i’d still like to give it a go because of the training component, which, hopefully, i’ll learn at least something valuable.