RADIO INTERVIEW WITH MICHELLE DODECK (English)

RADIO INTERVIEW WITH
BELLA BEREZIN (Russian)

Check List Process

  • Choose your loan type
  • Within 2 business days of submission of an application, an HFLA volunteer Director will contact the applicant to set up an in-person interview
  • Guarantors will be interviewed to confirm their eligibility
  • HFLA Board of Directors meets to review applications twice a month
  • If the loan is approved, the borrower signs a Promissory Note (legal document) committing to repay the loan
  • The guarantor(s) sign legally binding guarantees committing to repay the loan if the borrower is unable to do so
  • Once all paperwork is signed, a cheque will be disbursed to the borrower
  • Upon issuance of the loan proceeds, HFLA requires a preauthorized withdrawal agreement to retrieve monthly loan payments automatically
  • Borrowers begin making payments within 30 days of receiving the loan
  • All loans must be repaid in full not more than 40 months after the loan is received. Payments are $25 per month, per $1,000 borrowed with a minimum payment of $75/month. For example:
  • $5,000 loan:  $125/month
  • $7,000 loan:  $175/month
  • $10, 000 loan:  $250/month
  • $1,500 emergency loan: $75/ month (This loan is repaid more quickly)
  • NOTE: We are closed on all Jewish and statutory holidays.  Office hours may vary.

How it works

About Us

Tribute Cards

The Hebrew Free Loan Association (HFLA) helps people help themselves by granting interest-free loans to members of BC's Jewish Community.

We offer people a helping hand, or hand up, not a hand out. In the process, loan recipients maintain dignity and self-sufficiency as they repay their interest-free loans. Our organization is founded on the mitzvah of Gemilut Chesed — Deeds of Loving Kindness.

 

©Copyright 2015- Hebrew Free Loan Association, Vancouver. All Rights Reserved.

304B - 950 West 41st Avenue, Vancouver, BC V5Z 2N7

Tel: 604-428-2832