Absorbing the interest rate: a significant move by Bank Hapoalim in favor of mortgage borrowers (Photo: ShutterStock)
Following the increase in the Bank of Israel interest rate over the past year, and in order to enable its customers to cope with the increase in mortgage repayments, Bank Hapoalim announces today that it will absorb once again for a year the next increase in the Bank of Israel interest rate (expected to be published tomorrow), and will help customers who may find it difficult to make their mortgage payments, so that the amount of their monthly repayments in the prime track will not be affected by this increase in the interest rate, and the prime interest rate will remain unchanged for them as a result.
This is a significant move that is a direct continuation of the process of absorbing the interest rate increase that the Bank led before the interest rate increase in January of this year, which includes a wider customer population.
The move will be carried out if the interest rate is raised, regardless of the level of the interest rate increase expected to be announced by the Bank of Israel tomorrow.
Bank Hapoalim will once again absorb, for a year, the Bank of Israel's next interest rate increase (Photo: ShutterStock)
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