Unemployment Loans: Ease your financial pressure while seeking a new job. (Up to $2,000/month for 6 months; max. $12,000 total)
Structured differently than our other loan programs, unemployment loans are disbursed in monthly installments for up to six months. The monthly loan amount you are eligible for will depend on your previous salary. Loan repayment is deferred until three months after getting a new job or, if unemployment continues, nine months after the first loan disbursement.
Need to present three most recent pay stubs and your last W-2 form to qualify for unemployment loans.
Borrower must request each disbursement, providing an update on his or her job search.
May be required to undergo resume writing and/or interview training or other job counseling.
At Hebrew Free Loan of San Diego, we rely on guarantors instead of collateral to secure your loan. A guarantor is someone who can guarantee to pay back the loan if you do not. A guarantor is at least 25 years old, lives in California and has a credit score of 670 or better. A friend, family member or employer are examples of a guarantor.