who we are
HFLA is a non-profit organization that seeks to foster economic stability and opportunity amongst members of the Jewish community in British Columbia.
what we do
We provide access to affordable credit in the form of a 0% interest loan so that our borrowers can overcome financial challenges and build better lives.
how we do it
We use money donated by caring members of our community and lend it out to borrowers in need. We charge absolutely no interest or fees on these loans; borrowers are only required to pay back the amount borrowed and not a single dollar more.
how we can helP
We offer 17 different loan programs that cover a variety of needs. Some of our programs are focused around poverty relief while others are based on helping people realize their dreams.
Frequently Asked Questions
Who can borrower from HFLA?
In order to qualify for an HFLA loan, an applicant must be:
How much are your loans for?
We have 17 different loan programs with varying loan limits. To view our various limits, please visit the "Loan Program" section of this site.
How do I apply?
You can apply directly online. The online form should take about fifteen to thirty minutes to complete.
What is a guarantor? How many do I need?
A guarantor is someone who agrees to pay back your loan if you cannot.
Who can serve as a guarantor?
In order to serve as a guarantor, one must:
What happens after I submit my loan application?
After submitting your application, you will be called by a volunteer board member to arrange an interview. Due to COVID, these interviews are currently being conducted over ZOOM, Facetime or another suitable platform.
If my loan is approved, what happens next?
If your loan is approved, you will be sent a promissory note to sign and a banking information form to complete.
How do I pay back my loan?
Repyament begins within 30 days of loan disbursement and will be done by direct withdrawl from your bank account monthly until your loan is paid back in full.
Are there really no fees and no interest?
Really! We are not a bank and our only desire is to help. We never charge any interest or fees on any of our loans.