GENERAL PERSONAL LOANS/

Up to $10,000

Jewish Free Loan Toronto is committed to helping to ease the financial stress of Jewish residents of Ontario in need with Guaranteed Personal Loans of up to $10,000.

LOANS BETWEEN $1,000 and $10,000 ARE AVAILABLE

1 Excluding residents of Ottawa who can apply to Ottawa Hebrew Free Loan Association.

THESE LOANS CAN BE USED TO ASSIST WITH NEEDS INCLUDING BUT NOT LIMITED TO

– Living expenses
– Bills
– Rent arrears
– Medical & dental emergencies
– Jewish life-cycle events
– Burial, monuments
– Debt Consolidation

GUARANTORS

Loans up to $3,000 require no guarantors

Loans from $3,001 to $6,000  require 1 guarantor

Loans from $6,001 to $10,000 require 2 guarantors

Monthly repayments are $125 per month for loans up to $5,000, and $175 per month for loans between $5,001 and $10,000.

REQUIRED DOCUMENTATION

  • Personal Loan Application package (signed by you and your guarantor(s))
  • Completed Income and Expense Form
  • Completed Promissory Note (with the original signature of the applicant and guarantor(s))
  • Copy of your and your guarantor(s) driver’s licenses

Testimonials

Sarah is a religious woman who is the mother of a 13-year-old son. In 2015, Sarah and her son had to leave their home in a hurry in order to escape abuse. With nowhere to turn, Sarah came to JFLT for a loan so that she could put down first and last months’ rent on a new apartment. After securing the new apartment Sarah wrote to us saying: “With much trepidation, I reached out to JFLT expecting that my experience asking for a loan would be very humiliating and demoralizing. Nothing could be further from truth. I was treated with real dignity and I learned firsthand what true Chesed looks like. “

R. and J. and their four children reside in Northern Ontario. Just as R. was getting back on his feet, after having been unemployed for close to a year, the couple was faced with an unsurmountable challenge. The furnace and hot-water unit in their home quit working just as winter was approaching. With no way of washing dishes let alone bathing 4 children, R. and J. came to JFLT for a loan. The $8000 loan they received helped them with the purchase of a new heating unit. Today, R. returns from work every evening to a warm home.

P. is a painter who let his business go while he was in the hospital receiving cancer treatments. When P.’s cancer went into remission, he knew he could get back to work. Unfortunately, P. needed new equipment and repairs on his van in order to resurrect his business. JFLT granted P. an $8000 loan so that he could get back to work.

DOWNLOAD THE APPLICATION PACKAGE

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.