General Needs Loan & Loans to aid emergencies, big…

General Needs Loan Overview

The General Needs Loan Program provides interest-free loans all the way to $7,500 to lower- and moderate-income residents of the latest York City’s five boroughs, Westchester, or longer Island to help fund expenses that are significant borrowers cannot speak to their particular resources or even to help bridge a time period of unforeseen earnings loss.

Loan candidates will need to have yearly pre-tax home earnings at or underneath the earnings limitations with regards to their home size.

Loans of $5,000 or less are repayable in installments of $250 per(maximum repayment term of 20 months) month. Loans greater than $5,000 are repayable in installments of $300 each month (optimum repayment term of 25 months).

General Needs Loans have elegance amount of 3 months before repayments start. Repayments should be made on either the fifth or even the twentieth of every you will select your preference before HFLS disburses your loan month. All loan repayments are manufactured by electronic debit of the bank account. Read more “General Needs Loan & Loans to aid emergencies, big costs, or needs that are general” →