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Loan Amounts and Terms

 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.  

 

 

Remember, the information appearing here is general only. In the case of any discrepancy between these details and the existing laws and regulations - the laws and regulations take precedence.
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