Getting a Loan

This page describes our personal loan program. We also offer business loans. Personal loans include an Education Fund, an Adoption Fund, and a Life Cycle Fund. We lend for many other reasons, too. Loans for fertility treatments are available through the Be a Family Fertility Fund.

How much money can I borrow?

For most purposes, we offer loans up to $7,500. (The R & B Business Loan Fund at Congregation Beth Or and the Be a Family Fertility Fund offer larger loans.)

How much will it cost me?

Nothing. Our loans are interest-free and have no processing fee.

When do I have to pay?

Repayment begins approximately one month after the loan is received.

Education borrowers may request a lower monthly payment while the student is enrolled in school.

Who can get a loan?

To qualify for a loan from the Hebrew Free Loan Society, you must meet all of the following criteria: You also need co-signers, who promise to repay your loan if you are unable to do so. Co-signers must meet all of the following criteria: Your husband or wife cannot be a co-signer for your loan.

What can I borrow money for?

The Hebrew Free Loan Society lends money for many purposes, including but not limited to:

How do I apply?

Click here to start the loan application process or call 267-709-9652 and leave a message. Be sure to include your address and phone number.