Types of Loans

1.Personal Loans

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Loan Amounts: up to $8,000

Available to: members of the Jewish community of Ontario (excluding Ottawa)

These loans can be used to assist with expenses such as:

  • Living expenses
  • Bills
  • Rent arrears
  • Medical & dental emergencies
  • Simchas – Bar & Bat Mitzvahs, weddings
  • Burial, monument
  • Compassionate travel
  • Debt Consolidation

Guarantors

  • For Loans under $1,000 – no guarantors are required
  • Loans of $3,000 require 1 guarantor
  • Loans of above $3,000 require 2 guarantors

Repayment of the Loan

  • Loan repayments are $125-$175 per month, depending on the size of the loan

2. Educational Loans

Loan Amounts:

  • up to $10,000 for undergraduate programs, college, trade school or gap-year programs
  • Up to $12,000 for graduate programs

Available to: members of the Jewish community of Ontario (excluding Ottawa)

An educational loan is intended to assist with expenses including: 

  • Tuition
  • Books
  • Rent
  • Research
  • & other costs related to education

Your educational institution can be anywhere in the world!

  • Since JFLT educational loans are intended to supplement existing financial assistance programs, if your school is OSAP eligible, you must bring proof of application. If your school is not OSAP eligible then no proof is required.
  • You must also supply us with proof of enrollment.

Repayment of the Loan

  • $75 per month while in school
  • $100 per month if studying part-time
  • $175 per month when finished school

FIND OUT MORE ABOUT J-SAP

3. Fertility and Adoption Loans

Loan Amounts:

  • up to $10,000 

Available to: members of the Jewish community of Ontario (excluding Ottawa)

A fertility loan is intended to help with the high costs associated with fertility treatments and/or adopting a child. 

Guarantors

  • To confirm if a guarantor is required, please check with the office

Repayment of the Loan

  • $175 per month

4. Economic Opportunity Start-Up Business Loans

Loan Amounts:

  • up to $10,000 

Available to: members of the Jewish community of Ontario (excluding Ottawa)

Business loans are designed for the relief of poverty. As such, they will be given on to new ventures and to people who see this new venture as their sole source of income.

Requirements:

  • Loan applicants must present a business plan and a cash flow positive analysis
  • Applicants must send completed application to JFLT for review by the Business Committee. Once reviewed, the business committee will determine whether or not to proceed with the application.
  • Applicants must demonstrate some difficulty in acquiring normal bank loans or demonstrate in other ways the need for community funds.
  • See this page for more details.

Repayment of the Loan

  • $315 per month
  • Note – these loans have a one-time administrative fee of 4% of the loan amount

Please note: The submission of your loan application does not create any legal obligation on JFLT to provide the requested loan. Our approval shall be subject to terms and conditions satisfactory to JFLT.

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