Here are the 5 steps to a Jewish Free Loan.
Step 1: Fill out a pre-loan application.
Applicants must be permanent residents of Los Angeles or Ventura counties.
Step 2: Meet with a member of our team.
There will be a brief personal interview, and you will complete some paperwork.
Step 3: Have your guarantor(s) complete and sign the forms.
A member of our team will guide you. Once your guarantors have completed and signed the forms, please return all documents to JFLA. Allow 7-10 days for processing.
Step 4: Wait for notification.
A member of our team will let you know the status of your loan. We will mail a check to you or you can come by our offices to pick it up.
Step 5: Begin making monthly payments.
Begin making payments 30-45 days after your loan check is issued.
At Jewish Free Loan, we rely on guarantors instead of collateral to secure your loan. A guarantor is someone who can guarantee to pay back the loan if you do not. A guarantor is at least 25 years old, lives in California and has a credit score of 680 or better. A friend, family member, or employer are examples of a guarantor.