The Hebrew Free Loan Association of Greater Washington (HFL) (Lender) is proud to provide zero-interest loans to qualified borrowers (Borrower) in the DC metro area in a partnership with JCADA.
These loans are only available to JCADA clients who have completed the Allstate financial education course and were recommended to apply.
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Payment Terms
Payment terms: Loan repayments begin on the first of the month after funds have been disbursed. Repayment amounts for traditional loans:
Loans of $1,000: $50/month for 20 months
Loans of $2,500: $100/month for 25 months
Loans of $5,000: $200/month for 25 months
Guarantors
There is no outside guarantor requirement for this loan - JCADA is serving as the guarantor.
Application Process
Loan applications are considered complete once you submit your completed application
Once loan is complete, JCADA and HFL staff will review your application to ensure the information is accurate and complete
Your application will be presented to the HFL Executive Committee for review and approval
If the loan is approved, you will be sent a promissory note to sign and then the funds are disbursed
Application Form
Hebrew Free Loan Association of Greater Washington
