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JFLA makes loans, in part, thanks to the generosity of Cedars Sinai, LA City Council District 4 Loan Fund, Supervisor Sheila Kuehl.

FAQs

Get answers to many of your questions here regarding borrowers and guarantors.

FAQs by the Alphabet

Accreditation

JFLA is a 501C3 non-profit registered with the IRS since 1904 and listed on Guidestar, Charity Navigator, and Great Nonprofits.

Borrower

JFLA is geared to giving the borrowers from LA, Ventura, and Santa Barbara counites loans of all kinds. If you don’t see your loan listed, just ask!

Credit Reporting

JFLA does not report to credit bureaus.

Direct deposit

Direct deposit and auto-deduction are used to issue loans and make monthly loan repayments. Download the Auto Deduction form here.

Exclusions

JFLA does not make loans for back taxes, travel expense for leisure, student loan debt, and some legal fees.

Free

Free means that there are no service or interest costs associated with your loan. Pay back exactly what you borrow.

Guarantor

Sometimes referred to as a co-signer, a guarantor is a person who will sign on the loan to agree to pay it back if you don’t. A guarantor can be a friend, family member, a neighbor or co-worker who is at least 25 years old, is a California resident, and has a credit score of 680 or better. Guarantors will need to provide documentation.

Housing

Loans for housing are made for rent, back-rent, security deposits, first and last months’ deposits, moving costs, and Sections 8 needs.

Identification

Be prepared to upload identification and documents to support your loan application: California ID, SSN, and proof of need. Your guarantor will also need to upload documents.

Jewish

The Jewish in Jewish Free Loan refers to an old idea in the Jewish bible that charging interest is prohibited because it’s not in the borrower’s best interest. At JFLA, the idea applies to all people regardless of their religion, ethnicity, race, ability, gender, etc.

Keep

Keep more of your own money by working with an interest-free non-profit lender like JFLA.

Loan amounts

Our loans range from $1,000 to $15,000 for personal and emergency loans. We make fertility loans up to $20,000 and business loans up to $36,000. See our Loan Table for details.

Monthly payments

Generally, loans are paid back in 24-36 months in montly installments.

Need

Please be prepared to demonstrate your need for a loan with a bill, a receipt, or other document.

Opportunity

Opportunity to borrow, without going further into debt by having to pay high interest fees, is what JFLA offers.

Process

There are five basic steps to the JFLA loan process: 1. choose a loan and see if you are eligible; 2. identify a guarantor if necessary; 3. Fill out the pre-loan application on line by clicking Apply Now; 4. A member of our team will reach out to you for next steps and to set up a virtual interview; 5. Upload all required documents and wait for loan approval.

Questions

The loan process raises many questions. Email us at info@jfla.org to ask yours.

Renewal

You can renew your loan one month after your current loan is successfully paid off. Students loans can be renewed one time per year.

Signatures

Since March 2020, JFLA offers eSignature, a way to sign electronically on different devices no matter where you are.

Terms

The terms of the loan are simple: Repayment starts 30-45 days after the loan check is issued, and that you pay back exactly what you borrow. For more details, please consult a member of the JFLA team.

Unique

JFLA is as a unique nonprofit, offering cash in hand to people who cannot get a traditional loan.

Virtual

A member of our team will contact you to schedule a virtual interview after your pre-loan, on-line application has been received.

Website

Apply, donate, and find answers to your questions on the JFLA website, jfla.org

X

X marks the spot for your eSignature. We use DocuSign for all signatures.

Yelp

Please leave us a positive Yelp review so we can get the word out to assist more people.

Zero

Zero interest is another way of saying interest-free. Zero is also the amount you will pay in fees to get your loan at JFLA.

>$80M
Loaned
>28,300
Loans Made
~1,000
New Loans a Year