You may be eligible for a one-time loan to cover a mortgage.
Conditions of entitlement
- The loan is intended for those who have not received assistance in purchasing an apartment or replacing an apartment and have an apartment under their ownership.
- The loan is intended to cover a mortgage taken out for the purpose of purchasing a residential property only.
Loan amount
The amount of the loan varies according to the medical condition, ranging from NIS 589,554 to NIS 859,114.
Loan terms
Income, repayment capacity and guarantors must be presented in accordance with the terms of the loan listed here.
How to receive the loan?
One must submit a grant/loan application (BL/590), a confirmation from the bank detailing the terms of the mortgage and proof of payment.
The application needs to have in attachment a certificate of income, of ability to repay and garantors in accordance to the terms of loan detailed here.