Or, in simple terms: a quick all-purpose loan for clients who have a fixed-term deposit or savings account with Bank of Jerusalem
At a glance
A loan secured by a lien on a fixed-term deposit account or savings account for a period of up to 120 months.
Bank of Jerusalem also offers a balloon loan, which has the benefit of requiring no monthly payments for a pre-defined period. In this case, the loan principal and interest are not paid off on a monthly basis throughout the loan period, but instead accumulate up to the end of this defined period, when both principal and interest are repaid in a single installment. This final payment can be made using funds from the fixed-term deposit account.
Who can benefit from a cash-secured loan?
- Clients who have a fixed-term deposit or savings account with Bank of Jerusalem.
- Those who prefer to avoid having to make an early withdrawal from their fixed-term deposit account in order to make a purchase.
- People who want to choose the loan's duration: you get the money you need immediately – and can then repay it over one, two, or even up to five years, whichever suits you best.
- Clients seeking to preserve their fixed-term deposit accounts rather than start over from scratch.
What are the advantages of a cash-secured loan?
- Simple & easy: your fixed-term deposit / savings account serves as the sole collateral for the loan – there is no need for any additional security.
- Lucrative & convenient: you benefit from a loan at an especially low and attractive interest rate.
- Quick turnaround: the funds will be paid into your account within three days of the loan being approved.
Up to NIS 150,000
without going to the branch
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