On the variable interest tracks, the interest is fixed and varies in accordance with what is stated in the loan documents in relation to the different programs, according to the average interest in nominal terms as defined in the Banking Order (Early Repayment Commissions), in the index-linked loans sector (which does not relate to the various loan periods) as published by the Bank of Israel, plus an increment that will be specified in the loan contract.
On index-linked variable interest loan tracks there are a variety of possibilities of early repayment without early repayment commissions (apart from an operating commission), in accordance with the conditions of the loan program and the interest renewal dates.
In examining loan feasibility, account must be taken of linkages to the index and changes in the interest rate.
It is possible to repay the loan before the agreed date of repayment specified in the loan documents and subject to the provisions of any law, and including the Banking Order (Early Repayment Commissions) and the directives of the Bank of Israel with regard to early repayment commissions.
