No. JumpStart is part of the Jewish Mutual Loan Company. The Committee of the Jewish Mutual Loan Company recognised that only a small portion of the Community knew about Interest Free Loans. JumpStart was developed to market the Jewish Loan Mutual Loan Company to a wider audience. Naturally, all individuals who have previously applied for Loans are still welcome.

There is no interest rate on the loan. There may be a flat administration fee (up to $180-) levied to assist in partially funding the costs of running the Loan Fund. If applicable, you will be advised of this fee upon application for the Loan.

A Caveat is a document any person with a legal interest in a property can lodge with the Titles Office to ensure the property is not sold without their knowledge or withdrawal of caveat.

A Caveat may be required by the Jewish Mutual Loan Company for loans above a certain amount to provide a higher level of security. Individuals who do not own property which we can place a Caveat on, may be able to provide a greater number of Guarantors instead. (see Guarantors Information sheet)

Yes. There is no reason why you cannot apply for a JumpStart loan instead of a bank loan. The main criteria for a successful application is evidence that you will be able to repay the loan in a timely fashion.

As a general rule, we do not encourage debt consolidation loans because of the risk that Applicants will simply re-apply for credit cards and sink further into debt. We provide referrals to Financial Councillors for people experiencing debt problems.

All new Business Loan applications and all existing Business applications for greater than $5,000, will require a Business Plan to be submitted along with the Application Form. We may be able to provide you with a referral to a Business Mentor who can assist with the preparation of a Business Plan. Alternatively, you can prepare a Business Plan using your own resources. Please refer to our Links section for websites which have information and templates on Business Plan writing.