At a glance
A foreign currency loan for a period of up 20 years,based on the LIBOR interest rate with a fixed spread. Loan payments are quarterly (every three months). Currencies offered: USD, GBP, EUR, CHF, CAD.
Who is this appropriate for?
For foreign residents whose income is in foreign currency and who are purchasing property in Israel.
What are the advantages?
The loan may be repaid without an early repayment penalty, upon 10 days' advance notice.
Failure to comply with loan repayment may result in interest on arrears and repossession procedures.
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