Hebrew Free Loan

We Are Here to Help

Hebrew Free Loan of NJ has its roots in two biblical values:

The highest form of charity is to help someone in need to become self-sufficient.
“If you lend money to my people, to the poor among you, do not act towards them as a creditor; exact no interest from them.”

– Exodus 22:24

Hebrew Free Loan organizations exist in the United States and around the world. Hebrew Free Loan of New Jersey has served this community since 1996.

In 2007, the Hebrew Free Loan of MetroWest changed its name to the Hebrew Free Loan of NJ and expanded its reach to help those in need in the Greater Monmouth Jewish community. In 2012, Hebrew Free Loan of New Jersey expanded its outreach again, to include the remainder of Union County and parts of Somerset County NJ.

Who is eligible for a loan?

An applicant should be a member of the Jewish community of Greater MetroWest (Essex, Morris, Sussex, Union, and parts of Somerset Counties) Monmouth County, or Middlesex counties.

For what purposes are loans given?

Loans are provided for many purposes. Examples of typical loans are:

  • Emergencies
  • Medical Expenses
  • Debt Consolidation
  • Home Improvement or Repair
  • Adoption Costs
  • Domestic Violence Legal Assistance
  • Starting or Expanding a Business

The HFL Harriet Bilus Fund makes loans to women for starting or expanding a business.

At this time HFL does not support student loans.

How much can be borrowed?

Loan amounts are set annually by the Board of Hebrew Free Loan. All loans are entirely interest free (borrowers pay back what they receive, nothing more).

What are the other requirements?

Borrowers must have the potential to repay the loan and will need to provide post dated checks in the full amount. Each loan must have at least one cosigner (two for home improvement and business loans), and the cosigner must live in New Jersey. The cosigner will become responsible for the loan repayment in the unlikely event that the borrower cannot meet his or her obligation.

What about confidentiality?

HFL of NJ holds the highest standard of confidentiality. The loan is not a public record, but there are instances where a legal process may be used to recover unpaid balances.

It only takes a simple phone call to start the process.

Greater MetroWest Residents call (973) 765-9050 or email hflnj@jfsmetrowest.org

Monmouth or Middlessex County Residents call (732) 588-1800 or email lauras@jewishheartnj.org

“A loan is better than charity, for it enables one to help oneself”