At the heart of Jewish Free Loan Association is the Housing, General, or Emergency Loan Program, providing interest-free loans to people of all faiths in Los Angeles, and Ventura county. We offer:
- Emergency loans up to $1,000 with no guarantors and 2 references
- Emergency loans up to $3,000 with 1 guarantor
- Emergency loans up to $6,000 with 2 guarantors
Loans are used for, but not limited to:
- Security deposits
- Moving expenses
- First and last month’s rent
- Basic furniture
- Emergency housing assistance to prevent eviction
- Emergency repairs
- Section 8 housing
Without a small interest-free loan, some applicants would find themselves homeless, without a car to get to work or unable to receive medical treatment. Jewish Free Loan is usually a last resort, and the only community organization that provides cash-in-hand for unexpected, emergency situations.
The mission of Jewish Free Loan Association is to offer interest-free loans on a non-sectarian basis to individuals and families whose needs are urgent and who may not qualify through normal financial channels. Interest-free loans, instead of charity, fill an important gap by promoting self-sufficiency with dignity. Jewish Free Loan Association is a source of economic justice in the community.
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.