Bank Leumi operates International Private Banking Centers, which assist our foreign clients in obtaining mortgages for investing in Israeli real estate.
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Conditions required for obtaining a loan:
Amount:
Loans are usually granted for up to 50% of the property value, starting with a minimum loan of US$ 150,000. Loans are available in a variety of major currencies including Euro, US Dollars, Swiss Francs and Pounds Sterling.
Loan period:
Loans are granted up to a maximum of fifteen years.
Interest rate:
Interest rates are based on "LIBOR" (The London Interbank Offered Rate) with a margin. They can be re-calculated every one, three or six months, according to the chosen period of repayment.
A fixed rate loan for a maximum of 5 years is also available.
Collateral:
The purchased property will be used as collateral to guarantee the loan.
Pre-Payment:
Partial or full pre-payment may be possible under certain conditions, without penalty, with 30 days advance notice.
Costs:
Document fees:
- US$ 500 flat for loans up to US$ 200,000
- US$ 1,500 for loans greater than US$ 200,000
Procedure:
Each application submitted to the bank with the above documentation will be examined by the Credit Department and presented to the Credit Committee for final approval.
All information may be subject to change from time to time.
For further details, please contact Leumi's International Private Banking Centers in Israel
