The Hebrew Free Loan Association of Baltimore will be taking loan applications IN PERSON at our office from 7:00 PM to 8:30 PM on Thursday evenings. If possible, please fill out an online application in advance, before Thursday. Please come EARLY. If you have any questions send us an email at HFLABaltimore@gmail.com
We are here to help as we have been for more than seven generations.
The Hebrew Free Loan Association’s (HFLA) goal is to help people help themselves by making interest-free loans. No interest, ever! We offer a hand up, not a handout, to help our fellow Jews in Greater Baltimore meet life’s challenges.
The HFLA is on a path of expansion and development.
To keep pace with the changing economic needs of our Greater Baltimore Jewish community, we recently increased our borrowing limits to better serve the needs of individuals and small business owners.
The HFLA is on a path of expansion and development.
To keep pace with the changing economic needs of our Greater Baltimore Jewish community, we recently increased our borrowing limits to better serve the needs of individuals and small business owners.
The process to apply for an interest-free loan includes:
✓ Submitting an application
✓ Meeting with (one or two) members of the HFLA board of directors
✓ Providing driver’s license information
✓ Presenting cosigners (if applicable)
✓ Signing a promissory note
Loan Information
The process to apply for an interest free loan includes:
Submitting an application
Meeting with (one or two) members of the HFLA board of directors
Providing driver’s license information
Presenting cosigners (if applicable)
Signing a promissory note
HFLA personal loan applicant must meet the following eligibility requirements:
Be Jewish
Be at least 18 years old
Reside in the Greater Baltimore area
Have a legitimate need for the loan
Demonstrate the ability to pay the loan back within the time-frame established by the HFLA
Cosigner Requirements
HFLA personal loans often require cosigners. An HFLA cosigner (which is technically a co-maker of the note) needs to be a property owner in the greater Baltimore area.
Some exceptions may apply.
Loan Requirements
Monthly payments on HFLA personal loans start approximately 30 days after the loan is issued. Payment terms are discussed and finalized during the loan interview with HFLA board members. Loan payments may be made by check, by cash or money order delivered directly to the Hebrew Free Loan office, or online via PayPal.
Confidentiality
The HFLA does not disclose your personal information to anyone, except as permitted by law and/or as authorized by you. We continue to adhere to this privacy policy after your loan account has been closed. However, the HFLA may discuss your loan payments with your cosigners at any time. All members of HFLA board of directors are also bound by this confidentiality policy.