ADVERTORIAL
EVERYTHING YOU’VE ALWAYS WANTED TO KNOW
ABOUT GETTING AN INTEREST-FREE LOAN
Q1 WHO QUALIFIES FOR A LOAN
FROM THE JEWISH FREE LOAN
ASSOCIATION?
It is really simple, the criteria that we require are: you must be Jewish, you must
be employed and you must be a permanent resident in South Africa.
event that you cannot meet your obligations. Sureties must be Jewish, over 21,
permanent SA residents, have a steady
source of income and a strong, established credit record. A spouse may not
provide surety, nor can a person who still
owes us money for a loan.
Q2 HOW MUCH MONEY CAN BE
BORROWED?
Any amount from R3 000 to R30 000. Interest-free repayments are made over 30,
36 or 40 months depending on the amount
borrowed. If, for example, you borrow R30
000, your repayments are R750 per month.
There are no fees or added charges.
Q4 HOW LONG DOES IT TAKE TO
GET THE LOAN APPROVED?
We understand that in certain cases, the
granting of a loan is a matter of urgency. As
a general rule, loans are processed and approved within two weeks or a shorter period. If need be, the loan granted can be paid
directly to a third party on your behalf.
Q3 DO I NEED SURETIES?
Yes. We never write off a loan and will
look to your sureties for payment in the
Q5 WHAT KINDS OF NEEDS CAN
PEOPLE BORROW MONEY FOR?
We don’t place restrictions on what you
use the funds for, as long as it’s legal! People borrow money for many reasons, including