The highest form of charity is to help people help themselves
Getting a Loan
How much money can I borrow?
We offer loans of up to $3,000 for various purposes. Loans of $5,000 are available for education and adoption.
How much will it cost me?
Nothing. Our loans are interest-free and have no processing fee.
When do I have to pay?
All loans must be repaid within two years, and repayment begins approximately one month after the loan is received.
Who can get a loan?
To qualify for a loan from the Hebrew Free Loan Society, you must meet all of the following criteria:
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Be Jewish or have a connection to the Jewish community, such as working for a synagogue or Jewish communal organization;
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Live in the Philadelphia area, including Bucks, Chester, Delaware, Montgomery and Philadelphia counties in Pennsylvania, and Burlington, Camden, Gloucester and Mercer counties in New Jersey;
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Be unable to borrow from conventional sources, such as banks.
You also need co-signers, who promise to repay your loan if you are unable to do so. Co-signers must meet all of the following criteria:
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Live in Pennsylvania or New Jersey;
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Have good credit and give permission for us to draw a credit report;
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Be Jewish, if you are not Jewish.
Your husband or wife cannot be a co-signer for your loan, and you cannot borrow from us if your husband or wife currently has a loan.
What can I borrow money for?
The Hebrew Free Loan Society lends money for many purposes, including but not limited to:
- Medical and dental bills
- Home repairs
- Apartment rental and deposits
- First home purchase closing costs
- Family member immigration
- Adoption
- Fertility treatments
- Jewish camp
- Unemployment
- Vocational and job training
- Education
How do I apply?
Send email to info@hebrewfreeloanphila.org or call 267-709-9652 and leave a message. Be sure to include your address and phone number.
8231 Old York Road, Elkins Park, PA 19027
Information: info@hebrewfreeloanphila.org or 267-709-9652
Copyright, 2008, Hebrew Free Loan Society of Greater Philadelphia