Maximum Sum of Loan – NIS 100000
Minimum Equity Capital- 25% of the loan
Conditional Grant -17.5% - of the total sum of the loan and no more than NIS 5000 (standing loan becomes a grant after 3 years).
Interest – index with 2% interest
Payment period – 6 years (one year grace)
* The standing loan will become a grant after 3 years of receiving the loan, provided that the immigrant continues to support himself from the business.
The loan is for a period of up to 6 years, of which one year is a year of grace (repayment of the interest only).
There is a choice between an index-linked loan with 2% interest or a dollar-linked loan with 4% interest.
Example:
A NIS 10,000 loan with 2% interest.
Months 1-12 (year of grace) - repayment of about NIS 17 + index-linkage.
Months 13-60 - repayment of about NIS 176 + index-linkage.