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Hebrew Free Loan Association of Pittsburgh - Interest Free Loans

4905 Fifth Avenue, Rodef Shalom, Suite 211, Pittsburgh, PA 15213

Eligibility

Residents of Allegheny, Armstrong, Beaver, Butler, Washington, and Westmoreland counties that have a source of income and oftentimes, a suitable cosigner. Suitable cosigners are residents of PA with a credit score of 670+ who would be able to repay the loan, if needed. Citizenship is not required.

Hours

Office open by appointment only. Please call and leave a message as staff is limited.

Application process

Visit the website for additional information about the intake and approval process. Strongly advise visiting the website and following up with an email. Calling if that is only method available to applicant.

Fees

No fees or interest charged on loans.

Service area

Allegheny, PA
Armstrong, PA
Beaver, PA
Butler, PA
Washington, PA
Westmoreland, PA

Description

Offers interest-free loans up to $10,000 for large expenses (e.g., home repairs, buying or fixing a car, tuition, security deposit/down payment, small business expenses, legal fees (not restitution, but lawyer fees), medical/dental, adoption/fertility, etc.). LOANS FOR HOUSING EXPENSES: may ONLY be used for: initial security deposits or down payments to help someone move to a new place, AND MAY NOT BE USED FOR catching up on late or back rent payments, nor to pay monthly bills (utilities, cell phones, car payments, etc.). Loans MAY NOT BE USED TO: pay off existing loans, provide cash flow, pay for luxury vacations or jewelry, or other expenses like that. If an applicant's credit score is below 625 (or married couples combined score is less than 1250), they can still apply but will need a cosigner/guarantor for any loan. A spouse is not a cosigner/guarantor because they need to be a co-applicant (married couples must apply together unless they are separated/divorcing).

What's Here

Providing organization

Hebrew Free Loan Association of Pittsburgh

Offers interest-free loans up to $10,000 for large expenses for people who live in Allegheny, Armstrong, Beaver, Butler, Washington, and Westmoreland counties who have a source of income. Loans can be for a range of reasons (e.g., home purchase or repairs/remodel, buying/fixing a car, tuition at all levels of study, initial security deposit, weddings, funerals, small business expenses, adoption/fertility, etc.). Loans are NOT given for rent, living expenses or monthly bills, cash flow, restitution or legal judgements, or luxury items). Also offers access to free financial coaching.