Frequently Asked Questions
Do you have to be Jewish to get a loan?
Do you have to live in Los Angeles to get a loan?
If you live outside the Southern California area, find a Free Loan near you or find a United Way office near you.
What does permanent resident mean?
What if I live outside the Southern California area?
Am I required to have good credit to secure a loan?
Am I allowed to apply for two different types of loans at one time?
Can my spouse apply for a loan too?
Why do I need a guarantor?
Do I need one or two guarantors to get a loan?
What are the guarantor requirements?
- Have good credit
- Have steady income
- Be 25 years of age or older
- Be permanent residents of California
- Have no current activity with the Jewish Free Loan Association as borrower or co-signor.
- Not on active military duty.
- Be willing and able to repay the loan if the co-signer is unable to repay successfully.
Do my guarantors have to come with me to my appointment?
Can married guarantors each sign as a separate guarantor?
Can my wife/husband guarantee me?
Can my guarantors sign on two different loans?
What does “free” mean?
If you receive a loan from the Jewish Free Loan Association, you pay back exactly the amount you received. There are no fees or extra charges.
How do I apply for a loan?
Please review the entire FAQ section prior to proceeding with the loan process as it provides very useful information.
Then go to the how to apply section to learn more about the application process.
How long does it take to receive the loan?
What is the maximum loan amount you offer?
What is the minimum loan amount you offer?
Types of Loans
What do you give loans for?
What don’t you give loans for?
The exception for a travel loan is the Israel Experience Loan program fund which has it’s own particular set of requirements.
Do you accept walk in applicants?
Is it necessary to have an in-person interview to receive a loan?
What do I need to bring with me to my appointment?
- California drivers license or California ID
- Social security card
- Proof of your current income (recent tax forms are acceptable if you do freelance work)
- Proof of rent
- If applicable, any additional proof of why you need the loan (medical or dental bill, car repair estimate, proof of student enrollment, etc.)
How long is the appointment?
How are the loans repaid?
What forms of payment do you accept?
Can I renew my loan before it’s paid off?
Once my loan is repaid, can I get another loan?
How can I sign up for automatic deduction on my checking account?
Info at Jewish Free Loan Association 6505 Wilshire Blvd., Suite 715, Los Angeles, CA 90048.
Please make sure to choose whether you want the deduction on the 5th or the 20th. Unfortunately we cannot accept payments from a savings account.
To update the bank account the Jewish Free Loan Association already has on file, please send a new voided blank check to the Jewish Free Loan Association by fax to: (323)761-8841 attn: Info@ Jewish Free Loan or email email@example.com.
Please allow 7 days before your deduction date for processing. We cannot guarantee your account will be updated if not received before that time. Please note, we will not update your account until your new bank account information is received. Please write your the Jewish Free Loan Association loan number on the check to ensure proper data entry.