As a nonprofit, our loan process is simple: You borrow money and pay back exactly the same amount.
Choose the type of interest free loan you need depending on your circumstances. Next, you can see if you are eligible and if your loan requires any guarantors.
In most cases, you will need to identify someone to guarantee your loan, like a friend, family member or co-worker, in case you can’t repay. Some small COVID-19 emergency loans do not require guarantors.
Start the process by filling out a pre-loan application. Click “Apply now” to get started.
When we receive your complete application, we will reach out to you to discuss next steps and set up a virtual interview.
If your loan is approved, you will be notified and receive your check through direct deposit.
Many credit cards will charge you up to 30% in interest. And Payday loans are much, much worse. Want to see how much you are really paying? And how you can pay zero interest?
Thank you to our incredible guarantors.
You are our heroes.
Most of JFLA’s 0% interest loans would not be possible without guarantors agreeing to secure the loans for our borrowers.
Please take a look at the feature article in the current issue of Shalom Santa Barbara highlighting the important role that guarantors play at JFLA. You can find the article on p.72-73 using the scroll bar.
If you or someone you know is looking for a loan, please visit jfla.org to learn more and apply. And if you are able, please consider becoming a hero and acting as a guarantor for a friend, family member or neighbor in need.