Non-Linked Prime-Based Mortgage

Or, in other words: a variable-interest shekel loan for a period of up to 30 years.

At a glance:
A non-linked mortgage in shekels for a period of up to 30 years, with variable interest based on prime lending rate, plus a reset margin.
Who can benefit from a non-linked prime-based mortgage?
  • Those who would prefer to avoid an increased loan principal.
  • People who can absorb significant fluctuations in monthly payments, in the event that the Bank of Israel raises the interest rate.
What are the advantages of a non-linked prime-based mortgage?
  • The mortgage 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.
  • The non-linked principal is repaid on a monthly basis, in accordance with a predetermined amount. The balance of the loan principal continually decreases (as the monthly payments go toward both the principal and the interest).
  • Monthly payments increase or decrease based on changes to the Bank of Israel's prime rate.


Provision of credit is at the sole discretion of the bank. Failure to comply with loan repayment may result in interest on arrears and repossession proceedings.



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