Interest-free loans up to $2,500/month for 6 months ($15,000 total)
If you’ve lost your job in the past nine months, ease your financial pressure while you look for new work. Structured differently than our other loan programs, unemployment loans are disbursed in monthly installments for up to six months. The monthly loan amount you are eligible for will depend on your previous salary. Loan repayment is deferred until three months after getting a new job or, if unemployment continues, nine months after the first loan disbursement.
Hebrew Free Loan is based on principles found in the Torah, in which we are commanded not to derive personal benefit — i.e. not to charge interest — when we lend money to assist those in need. Click here to watch a short video about Parashat Mishpatim, the Torah section that contains these teachings.
We’ve proven the success of our model with a repayment rate of over 99.5%. That’s the beauty of interest-free lending. As loans are repaid, funds are recycled to make new loans. Many loan recipients also participate in our Full Circle Club, in which former borrowers pay forward the help they received by donating Hebrew Free Loan to help the next person in need.
If you’re unsure what loan type to apply for, select the one that seems like the best fit. A loan officer will work with you to figure out what type of loan will be most helpful.