Financial Aid for Victims of the 2016 Fires
IFLA is providing interest-free emergency loans of up to 25,000 shekels to Israeli fire victims following the November 2016 fires
Who are we? The Israel Free Loan Association (IFLA) is the largest Jewish interest free loan organization in the world. Since its inception in 1990, IFLA has lent out almost one billion shekels (over 255 million USD) by providing interest-free loans to more than 57,000 Israeli families. This support is made possible thanks to donations from our supporters.
What are we offering? We are offering an interest-free loan of up to ₪ 25,000 to families whose houses were damaged in the recent fires. The loan will be repaid in monthly payments of ₪ 100 for the first six months, and ₪ 400 after that. All with zero interest!
How do I apply? Read the full instructions below, fill the application form (in Hebrew) then scan and send it, together with all the required documents to email@example.com (you can also send a fax to 02-566-9504). Following the initial processing of your application, a member of our team will contact you in order to explain the rest of the process.
Conditions and Instructions for Emergency Loan Applicants
- Eligibility – Israelis whose houses were damaged in the fires during November 2016.
- Applicants must be Israeli citizens living in Israel, up to the age of 67.
- Applicants must have a monthly net family income of NIS 3,000-20,000 and at least one year of uninterrupted employment at their present place of work. Applicants who are self-employed should provide documentation from a certified accountant or a tax adviser describing net income over the last 12 months.
- The loan application must be filled out in full and submitted on an original IFLA application form, which can be downloaded here (in Hebrew).
- Attach an official proof of damage to the house by the fires from the Police, City Council, Firefighting officials or a licensed appraiser’s report.
- Scans/photocopies of applicant’s Identity Card (with address attachment), last pay slip and/or confirmation of income for both applicant and spouse.
- Details of one guarantor, aged 22 to 67. The guarantor must have a regular monthly income of at least NIS 3,000 and at least one year of uninterrupted employment at the present place of work (copies of guarantor’s ID and pay slip will be required later in the application process).
- The forms and attached documents should be sent to the IFLA office at firstname.lastname@example.org or by fax 02-566-9504.
- Applicants whose bank account is currently restricted or was restricted in the past will have to wait one year from removal of the restriction. Anyone who has filed for bankruptcy, has a file at Hotzaot LePoel, has a warning registered against his name in the banking system or has a lien registered on his bank account, is not eligible for a loan from IFLA nor to sign as a guarantor for another applicant.
- Current borrowers, guarantors or applicants are not eligible for a second loan nor may they act as guarantors on a second loan. A recipient of National Insurance Institute pension may not be a guarantor.
- The Loan Committee may confirm or reject any application and decide on the amount of the loan without having to provide reasons for the decision.
- Borrowers will be informed by email or by post of our decision.
- After authorization of the loan, a detailed letter setting out the instructions and terms will be sent to the applicant.
- The loan is to be repaid through a standing bank order, with monthly payments of ₪100 for the first six months, and ₪400 after that.
- A one-time service charge will be charged upon receipt of the loan, as set out in detail in the approval letter.
- The borrower will be charged for any bank charges incurred for any payment returned by the bank.