MJF EMPLOYEE LOAN
MJF Agencies Employee Loan
MJF EMPLOYEE LOANS:
Full-time employees of the Milwaukee Jewish Federation and its partner agencies have access to interest-free loans from MJFLA. This program offers an opportunity for employees to improve their lives and the lives of their families. As loans are repaid, these funds become available to other employees.
Interest-free loans up to $2,500 to help when needed for any necessary purpose, including rent/mortgage, utilities, home repairs, car repair, debt relief, medical/dental bills, daycare/preschool/camp, continuing education, etc.
No cosigner requirement thanks to the partnership between MJFLA + MJF.
MJFLA offers larger loan amounts to all residents of Southeastern Wisconsin (with cosigner requirements) up to $3,600 for personal loans, $5,000 per year for student loans, and up to $10,000 for adoption/fertility/surrogacy for growing families.
Loan amount, approval, and payment schedule are determined on an individual basis, based upon ability to repay. Repayment begins one month after receiving the loan; the schedule is typically $50/paycheck via payroll deduction and not to exceed 2 years.
A minimum of 6 months employment, in good standing, and referral from your HR department are required to apply. MJFLA will not share any information other than the loan amount with your employer, and nothing with MJF or anyone else.
Once the application is received and credit reports are completed, if the applicant qualifies, then the loan committee will meet to review the application within one to three days. Once approved, loan documents will be signed and the loan funds will be disbursed.
The entire loan process is online. After contacting HR for a referral, click the link below to submit the application. Contact Ginny Gendelman at 414-961-1500 or firstname.lastname@example.org with any questions.