The Hebrew Free Loan Association of Greater Washington (HFLAGW) (Lender) is proud to provide zero-interest loans to qualified borrowers in the process of converting to Judaism (Borrower) in the DC metro area. Please read the full loan guidelines below.
Payment terms: Loan repayments begin on the first of the month after funds have been disbursed. Loans are maximum $5,000 and are to be repaid $200/month for 25 months. Other disbursements and repayment terms as agreed upon by the Borrower and Lender
All conversion loans require one guarantor to co-sign on the loan. The guarantor must meet the following criteria: Income of at least $70,000
Must reside in the DC Metro Area
Must be Jewish
Each must complete the guarantor form in full
Don't have a guarantor? Click here to see if you are eligible for an emergency Covid loan, where no guarantor is required.
Loan applications are considered complete once you and your guarantor submit fully completed applications
Completed applications are reviewed by HFLAGW
You will be contacted to schedule a phone interview
Following your interview, your application will be presented to the Executive Committee of the HFLAGW board for review and approval
If the loan is approved, you and your guarantors must sign a promissory note and then the funds are disbursed
Hebrew Free Loan Association of Greater Washington