Visa Holder Loan - NEW
Description: Helps newcomers on a work or student visa through a financial challenge.
​
Maximum Loan Amount Available: $2,000
​
Guarantor Requirements: One Jewish guarantor who lives in British Columbia.
​
Repayment Terms: Payments of $100 per month until the principal is paid back in full for borrowers whose visa's have 20 months or more remaining on them. Those with shorter visas will have their repayment terms adjusted.
​
Eligibility: Before you begin our application, please make sure that you meet the following eligibility requirements:
​
-
You are Jewish
-
You reside in British Columbia
-
You are on a work or student visa.
-
You are 19 years of age or older​
Please note that HFLA loans are designed to support individuals and families experiencing financial need. To determine eligibility, HFLA follows BC Housing's income guidelines. Based on this criteria, if you are a single person or couple with a gross income above $84,780, or a family of three or more with a gross income above $134,140, you may not qualify for our charitable services. Please note, however, that special consideration may be given for families with high Jewish particiation costs (school, camps etc) that are above the $134,140 threshold.
​
Apply today by following these simple steps:
step 1
Secure your guarantor(s) and advise them that an HFLA Board Member will be calling them in the days ahead
step 3
Await a call from an HFLA board representative
step 4
Complete an interview (by zoom or in person)
step 5
Await your loan decision. If your loan is approved, you will be sent paperwork to sign and then your loan funds will be distributed.
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 to Joanna at jwaselhfla@gmail.com at any point in our process if you have questions or concerns.
​
To view a list of questions and answers, please click here.