Welcome – Дοбро пοжаловать – ברוכים הבאים Bienvenidos
Jewish Free Loan Toronto was formed with the mandate to Help People to Help Themselves by offering interest-free loans to needy individuals of the Jewish community in the Greater Toronto Area. Limited numbers of personal loans without guarantors are now available. They can be up to $1,000.
Based on the Jewish value of G’milath Chasodim, “Acts of Loving Kindness,” JFLT helps a broad range of needy members of our community meet their educational and personal needs and create their own business opportunities.
Our numbers show the diversity and reach of Jewish Free Loan Toronto. We are proud to be helping hundreds of local Jewish families, with more than 550 interest-free loans totaling more than $2,300,000.
Hebrew free loan associations like JFLT were pioneers of the microfinance movement which empowers individuals to remain self-sufficient while preserving their dignity.
Our work is made possible thanks to the ongoing support of our major funders, UJA Federation of Greater Toronto and United Way Toronto.
We are pleased to announce three new loan changes:
Student Loan Limit Increases: Student loans now have a maximum of $7,500 for undergrad, college, trade school or gap-year program and $10,000 for graduate loans. The number of guarantors remains at two.
Personal Loan Limit Increases: Personal loans now have a maximum limit of $7,500. The number of guarantors remains at two, with loans between $1,000 and $2,500 still requiring only one guarantor.
Small Personal Loans Without Guarantors: A limited number of personal loans of $1,000 or less no longer require any guarantors. If granted you will need to provide the names and contact information of two references that can vouch for your good character. Otherwise you are may borrow up to $2,500 with one guarantor.
Contact us now to inquire about our interest-free loan programs!