JFLA

About JFLA

Jewish Free Loan Association is a non-profit, 501 (c)(3) social services organization and not a bank. Since we are not a financial institution we provide no interest, no fee personal, business and student loans – simply repay only what you borrow. There is never interest or fees added to the loan.

Loan T&C:
1. Min & max period for repayment: 3 to 5 years
2. Maximum Annual Percentage Rate (APR): 0%
3. For example, if you borrow $1,000, below is the description of repayment:
(APR): 0%,
Applicable fee: $0,
Late payment and penalty charges: $0
Total amount to be repaid: $1000
4. Privacy policy: https://www.jfla.org/privacy-policy

The JFLA Free Loan app offers a streamlined pre-application process that shortens the time between applying and funding for short term loans to residents of Los Angeles, Ventura, or Santa Barbara County. This tightened turnaround time is critical for borrowers facing a challenging time like a medical emergency or housing eviction, or need assistance with small business loans, infertility, or other needs. The app also makes it easier for applicants to upload documents and track the progress of their loan. Use the JFLA Free Loan app to get a Personal/Emergency, Small Business, or Education loan.

Personal/Emergency Loans:
Get up to $15,000 with two qualified guarantors.
Loans can cover most personal/emergency costs related to housing, rental assistance, unexpected expenses, emergencies, medical, dental, and other emergencies. They can also cover domestic violence victim expenses, in-home healthcare, IVF/adoption, and funerals.
Loans can't be used for legal fees or travel expenses.
Proof of need will be required to apply.
Can be used for housing needs such as rent, Section 8 security deposits, moving expenses, basic furniture, and emergency home repairs.
 
Small Business Loans:
Get up to $36,000 maximum with two qualified guarantors.
Can be used for new start-ups, small business expansion, rent, inventory, technology upgrades, green energy needs, and more.
Proof of a recently filed business tax return and CA Business License, CA Seller Permit or City of LA Tax Registration Certificate is needed to apply.
Each applicant presents individual circumstances to be considered by the Loan Committee through the JFLA Free Loan app.

Education Loans:
Borrow up to $7,500 with two qualified guarantors.
Students may apply for loans for traditional 4-year college, Nursing, Medical, Dental, Community college, Vocational or Trade school and more. Loans can be used to pay for tuition, fees, housing, transportation, books, computers, and more.
Can be used for undergraduate or graduate education.
Students may only apply during the open enrolment period.
Students may renew their loan one time per year with proof of full-time enrolment.