Frequently Asked Questions

Who can borrower from HFLA?

In order to qualify for an HFLA loan, an applicant must: 1) Be Jewish 2) Be a Canadian Citizen or Permanant Resident 3) Be currently living in British Columbia (excpetions made for students) 4) Be 19 years of age or older

How much are your loans for?

We have 16 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. You will then be asked to meet with a board member for an in-person interview at a mutually beneficial time and location so that they can learn more about you.

What is a guarantor? How many do I need?

A guarantor is someone who agrees to pay back your loan if you cannot. Every loan requires that you have at least one Jewish guarantor. Loans over $5000 require that you have a second guarantor and loans over $10,000 require that you have a third guarantor. Please note that second and third guarantors need not be Jewish. Before proceeding with your application, it is important that you secure guarantor(s). For many, this is the hardest part of the process. We understand how difficult it is to reach out to a family member or friend to ask for their assistance. However, more often than not, people are pleasantly surprised that when they do they get a postive and supportive response.

Who can serve as a guarantor?

In order to serve as a guarantor, one must: 1) Reside in B.C. 2) Be a Canadian Citizen or Permanant Resident 3) Be at least 19 years old 4) Demonstrate financial ability to repay the loan in the event of default 5) Not have legally joint finances with the applicant (ie: spouses may not act as a guarantor for eachother) 6) Not have legally joint finances with the other guarantor(s)

How long does the loan process take?

The process itself is very quick and our board meets twice a month to review applications. You will be notified within 24 hours of our board meeting as to the status of your application.

If my loan is approved, what happens next?

If your loan is approved, you will be asked to come into our office to sign a promissory note for your loan. At that time, we will also ask you for your banking information so that we can initiate the repayment process. Your guarantor(s) will also have to come into our office to sign a guarantor agreement. Once they have done so, you will receive your loan disbursement.

How do I pay back my loan?

Repyament begins within 30 days of disbursement and will be done by direct bank withdrawl. All of the specific details about your repayment will be outlined to you when you come into our office to sign your paperwork.

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.


305A - 950 West 41st Avenue, Vancouver, BC, V5Z 2N7

​Tel: 604-428-2832 


© 2023 by Vancouver Hebrew Free Loan Association