At a glance
A mortgage loan in a foreign currency, for a period of up to 20 years. The mortgage is based on the LIBOR interest rate with a fixed spread, and payments are made quarterly (every three months). Foreign currency loans are available in the following currencies: USD, GBP, EUR, CHF, CAD.
Who can benefit from a foreign currency mortgage?
Foreign residents who receive their income in a non-shekel currency and are interested in purchasing a property for investment purposes.
What are the advantages of a foreign currency mortgage?
The most significant advantage of this type of mortgage is that it can be paid off early without incurring a penalty, when providing notice at least 10 days in advance, up to 45 days from the date such notice is received.