The interest rates and indices in one place.

The prime interest rate in Israel is usually calculated as the Bank of Israel interest plus 1.5 percentage points. A change in the Bank of Israel interest rate affects prime routes and additional credit attached to the prime. The impact on the repayment depends on the loan balance, the remaining period and the margin established in the contract.

not. The average interest rate published by the Bank of Israel is an aggregate market figure and not an individual offer. The actual offer depends on the financing rate, the repayment ratio, the loan period, the routes, the quality of the portfolio and the competition created between the banks. The average is used as a point of comparison, not as a commitment.

The index applies only to the part of the price of the apartment that the contract states is fixed, and in accordance with the provisions of the law and the date of signing the agreement. The base index, the rate of the attached amount and the payment dates must be checked in the contract. The index calculator on the website allows you to examine a scenario, but the contract is the determining factor.

You should check before receiving approval in principle, before comparing offers, close to signing and before withdrawing funds. In a contractor deal, you should also check before each attached payment. In an existing mortgage, a periodic inspection can detect a change in conditions, but the viability of a cycle is examined according to the total cost.