On these tracks the rate of interest is fixed on the day that the loan is taken out, and interest remains constant throughout the entire lifetime of the loan.
Possible methods of repayment are as follows:
- Spitzer
- Equal principal
- Graduated track
- Bullet
In examining loan feasibility, account must be taken of linkages to the index.
It is possible to repay the loan prior to the agreed date of repayment in accordance with what is stated in the loan documents and subject to governing law, including the Banking Order (Early Repayment
Commissions) and the directives of the Bank of Israel with regard to early repayment commissions.
