Inflation Relief Loan Program

Purpose
To provide relief for those affected by inflation free of interest charges and fees.

Applicant Criteria

All loan applicants must:

• Be a resident of Southern Arizona including Pima, Cochise and Santa Cruz counties.
• Submit copies of identification such as an Arizona Drivers License, Social Security card or State Identification with application.
• Demonstrate a financial impact as a result of inflation. 
• Demonstrate an ability to repay the loan.
• Provide a Debit/Credit card that monthly automatic loan payments are to be deducted from.
• Apply with spouse/partner as a co-applicant if married.

Important factors:

• Guarantors are NOT required.
• $1,200 maximum loan amount.
• Credit will be checked for all applicants with an emphasis on payment history.

Process

• Loan applications will be reviewed by a committee.
• The committee reviews completed applications bi-monthly.
• Once a completed application is received along with corredsponding documentation; the entire process can take up to 30 days.
• The promissory note must be signed using an electronic platform that allows Free Loan staff to witness the signing.