Can I repay my loan electronically?

At this time, HFL does not accept any form of online payment, such as PayPal, Venmo, or CashApp. If you would like to set up monthly automatic withdrawals from a bank account, click on Current Borrowers.  If you set up loan payment by mail with your bank, please make sure to include your loan number … Read more

(Current borrowers) can I add to my loan?

If you currently have a personal loan, you may be eligible to apply for an additional loan, depending on your current balance and payment status. You will need to complete a new loan application at

Do you report my loan to credit agencies?

HFL does not report your loan to credit reporting agencies. However, if default results in a court judgment, the judgment will be reported to credit reporting agencies.

How can I make my loan payments?

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. For more information, please go to Current Borrowers page.

Do you run my credit report?

For personal loans, HFL runs credit checks for co-signers, but not for borrowers. For Marvin I. Danto Small Business Loans, HFL runs credit checks on borrowers and co-signers. For the William Davidson Jewish College Loan Program, HFL does not run credit checks.  For Michigan Jewish organization loans, HFL runs credit checks on co-signers only. 

How long do I have to repay my loan?

HFL works with each loan borrower to create a repayment timeline that works within their cash flow and budget. Depending on the loan amount, repayment is usually between one and four years.