You must be employed or have investments or savings.
You must complete a co-signer application, authorize a credit report check and provide a copy of your driver’s license. Hebrew Free Loan will call you to verify your information and confirm your commitment.
You may be a previous borrower in good standing.
You may co-sign on more than one HFL loan at a time. However, Hebrew Free Loan reserves the right to determine the number and amount of co-signed loans.
Who Cannot Sign:
A person who currently has a loan with HFL may not co-sign.
A person on a fixed, limited income (such as Social Security and/or pension), unless other investments or savings are available.
Professionals employed by any agency in the Jewish community (such as rabbis and cantors, Jewish agency executives and staff, day school teachers and staff) may not co-sign. Some exceptions may apply.
Persons in active military service may not co-sign.
If a co-signer is married, his or her spouse may not act as the second co-signer on the same loan.