Personal Loans: The helping hand you need to live a fuller life.
Whether you’re planning a bar or bat mitzvah, want to consolidate debt or need help caring for a family member, HFL’s interest-free personal loans can help make life a little easier.
Eligibility Requirements
Hebrew Free Loan personal loan applicants must be Jewish, at least 18 years old, and have permanent residency in Michigan. Applicants must demonstrate both the need for the loan and the ability to pay it back within the timeframe established by Hebrew Free Loan.
How to Apply
The first step in applying for a Hebrew Free Loan personal loan is to complete and submit our online application to the best of your ability. Hebrew Free Loan staff are available to answer general questions about the application process or assist with technical issues accessing the application, but we are unable to complete the application on your behalf or advise you on how to answer application questions.
Once your application is submitted, it will be reviewed by our staff. If additional information is needed or your application appears to meet our eligibility criteria, you will be contacted to schedule an intake call. Following the intake call, we will determine whether your application will move forward to an interview with two members of Hebrew Free Loan’s Board of Directors.
If your loan request is approved, you, your spouse, and your co-signers will be required to sign a promissory note.
Loan Repayment
Monthly payments on Hebrew Free Loan personal loans start 30-45 days after the loan is issued. Payment terms are discussed and finalized during the loan interview with Hebrew Free Loan’s board members. Loan payments may be made by automatic, monthly deductions from your checking account or by check or cash delivered to the Hebrew Free Loan office in person or by mail.
Confidentiality
Hebrew Free Loan does not disclose your personal information to anyone, except as permitted by law and/or as authorized by you. We continue to adhere to this privacy policy after your loan account has been closed. However, Hebrew Free Loan may discuss your loan payments with your co-signers at any time. All members of Hebrew Free Loan’s board of directors are also bound by this confidentiality policy.
