Types of Loans

1. Personal Loans

Personal Loans of up to $8,000 are available to members of the Jewish community, to assist persons during temporary times of need. Loans may be granted for a variety of needs including Debt Servicing, Burial & Monument Expenses, Car Repairs, Compassionate Travel, Dental & Hearing Aid Expenses and Living Expenses.

2. J-SAP Educational Loans

Educational Loans are available to members of the Jewish community: up to $10,000 for undergraduate programs, college, trade school or gap-year programs and up to $12,000 for graduate programs. These loans are granted to assist with the tuition and other expenses associated with furthering your education (such as textbooks, rent and food). Since JFLT educational loans are intended to supplement existing financial assistance programs, if your school is eligible for OSAP, you must bring proof of application. Your school does not need to be OSAP eligible and you do not need to have received OSAP.

3. Fertility and Adoption Loans

Fertility and adoption loans up to $10,000 are available to members of the Jewish community to help with the high costs associated with fertility treatments and/or adopting a child.

4. Economic Opportunity Start-Up Business Loans

Economic Opportunity Start-Up Business Loans are available to members of the Jewish community. These loans have a small administrative fee. Loan applicants must present a business plan leading to financial independence or to alleviate poverty. 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.

5. Simcha Loans

Up to $8,000 available for weddings, bar-mitzvahs and any other Jewish lifecycle events.

6. Debt Consolidation Loans

Up to $8,000 available to cover debts from credit cards and other interest-bearing loans.

JFLT gives loans for a multitude of purposes, but our focus is singular. We have a communal responsibility to the completion of Tikun Olam by assisting people to become independent and self-sufficient.

Contact us at info@jewishfreeloan.ca or call (416) 635-1217 with your specific loan questions.

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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