A free loan — also known as an interest-free loan — is a type of lending where the borrower is not required to pay any interest on the borrowed amount.
These types of loans are typically provided by nonprofit organizations, religious communities, or philanthropic institutions with the goal of helping individuals and families in need without causing financial burden.

A Tradition Rooted in Compassion

The idea of lending without charging interest has ancient roots, especially within Jewish tradition. The Hebrew Bible, in Exodus 22:25, states:

“If you lend money to My people, to the poor among you, do not act toward them as a creditor; exact no interest from them.”

This principle shaped centuries of community-based financial support, where families and local groups created rotating funds and loan societies to help one another survive economic hardship.

The Rise of Jewish Free Loan Societies

In the early 20th century, Jewish immigrant communities in the United States began formalizing the tradition through organizations called Jewish Free Loan Societies.
These groups provided no-interest loans to people for a wide range of needs — from housing and education to business startup and medical emergencies.

One such organization is featured in the

Jewish Telegraphic Agency (JTA)
, highlighting its cultural and community impact. Another respected institution,

Technion – Israel Institute of Technology
, also recognizes the value of free loan programs as part of their financial aid strategy.

Our Mission Today

At FreeLoan.org, we are proud to continue the mission of interest-free lending in a modern and accessible way. Our platform serves as a gateway to community-driven financial assistance — connecting people with trusted organizations that offer support without profit motives.

Whether you’re facing unexpected expenses or working toward a better future, our resources are here to help you make confident financial decisions without falling into debt traps.

Why It Matters

In a world dominated by high-interest credit, payday lenders, and compounding debt, free loans are a lifeline. They offer:

  • Financial relief without hidden fees or interest
  • Support for education, housing, health care, and emergencies
  • Respect and dignity for those in need
  • Community empowerment and resilience

If you or someone you know could benefit from a free loan, explore our directories and guides to get started today.

Inspired by tradition. Powered by purpose.