Hebrew Free Loan Association of Greater Washington
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  • Home
  • About Us
    • History
    • Board of Directors
    • Staff
    • 2022 Annual Report
    • Contact
    • Newsletter sign up
  • Learn
    • Loan Guidelines
    • FAQ
    • Testimonials
    • Loan Repayment
    • Local Resources
    • Housing Resources
  • Apply Now
    • Passover Loans
    • Traditional Loans
    • Guarantor Form
    • Jewish Communal Employee Loans
  • News
  • Donate

Apply Now: Traditional HFLAGW Loans

Overview
The Hebrew Free Loan Association of Greater Washington (HFL) (Lender) is proud to provide zero-interest loans to qualified Jewish borrowers (Borrower) in the DC metro area. Please read the full loan guidelines here.​
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 $5,000: $200/month for 25 months
  • Loans of $7,500: $250/month for 30 months
  • Loans of $10,000: $280/month for 36 months
  • Loans of $15,000: $420/month for 36 months
  • Loan of $20,000: $500/month for 40 months
  • Loans of $25,000: $595/month for 42 months
Repayment amounts for loans to students:
  • Loans of $5,000: $25/month for 25 months, $175/month thereafter
  • Loans of $10,000: $50/month for 25 months, $245/month thereafter
  • Loans of $15,000: $50/month for 25 months, $400/month thereafter
​Loans to full-time student are paid to the borrower in two equal installments one year apart, assuming the borrower is still enrolled in school. 
Guarantors
All loans require guarantor(s) to co-sign on the loan.
​
  • Loans up to $10,000: 1 guarantor
  • Loans over $10,000: 2 guarantors

Guarantors must meet the following criteria:
​
  • Income of at least $70,000
  • At least one must be Jewish
  • Each must complete the guarantor form in full
  • It is preferable for at least one guarantor to reside in the DC Metro Area but not required
Application Process
  • Loan applications are considered complete once you and your guarantor(s) submit fully completed applications
  • Once loan is complete, you will be contacted to schedule a phone interview
  • Following your interview, your application will be presented to the Executive Committee for review and approval
  • If the loan is approved, you and your guarantors must sign a promissory note and then the funds are disbursed

Application Form

Hebrew Free Loan Association of Greater Washington

P.O. Box 2752
Silver Spring, MD 20915
Phone: (301) 859-0346
​Email: info@hebrewfreeloandc.org

​​Tax ID: 53-0227814
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