Student Loan

Description: Helps students enrolled in full-time school with the costs of tuition, books and living expenses 

 

Maximum Loan Amount Available: $10,000

Guarantor Requirements: One Jewish guarantor is required for the first $5,000 borrowed. A second guarantor is required for loans over $5,000 (second guarantors need not be Jewish)

Repayment Terms: 

 

Undergraduate Students: Payments of $50 per month while enrolled in full time Undergraduate school (for up to four years) and then $25 per month per $1000 initially borrowed after that. The borrower must submit proof of re-enrolment in full time study to HFLA in writing by September 1st of each year. If said proof is not submitted, it will be assumed that the borrower is no longer a full-time undergraduate student and payments will automatically be increased to $25 per month per $1000 initially borrowed. If a borrower takes out an HFLA student loan mid-way through their undergraduate studies, the repayment rate of $50 per month is only available for the years they have remaining in that undergraduate program and cannot be applied to further advanced study. 

Graduate and Vocational Students: Payments of $50 per month while enrolled in full time Graduate or Vocational school (for up to three years) and then $25 per month per $1000 initially borrowed after that. The borrower must submit proof of re-enrolment in full time study to HFLA in writing by September 1st of each year. If said proof is not submitted, it will be assumed that the borrower is no longer a full-time student and payments will automatically be increased to $25 per month per $1000 initially borrowed. If a borrower takes out an HFLA student loan mid-way through their graduate or vocational studies, the repayment rate of $50 per month is only available for the years they have remaining in that program and cannot be applied to further advanced study. 

Apply today by following these simple steps: 

We want this experience to be a comfortable one for you and our processes have been designed with great care to ensure that your confidentiality and dignity are respected at all times. Please do not hesitate to reach out at any point in our process if you have questions or concerns.

step 1

Secure your guarantor(s) and advise them that an HFLA Board Member will be calling them in the days ahead

step 2

Complete our application form by clicking here

step 3

Await a call from an HFLA board member to arrange an in-person interview

step 4

Meet with your interviewer at a mutually beneficial time and location so that they can learn more about you

step 5

Await your loan decision. If your loan is approved, you will be asked to come into to our office with your guarantor(s) to sign our loan paperwork

CONTACT US

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

​Tel: 604-428-2832 

Email: hfla@shaw.ca

© 2023 by Vancouver Hebrew Free Loan Association