A loan on the basis of the prime rate is an unlinked loan, the interest of which is determined and varies on the basis of the prime rate that applies on Bank Leumi accounts with approved overdrafts in shekels plus an increment that will be specified in the loan contract.
For prime interest loans it is possible to repay the loan ahead of time without early repayment commissions, apart from an operating commission and subject to prior notice.
Possible methods of repayment:
- Principal on a Spitzer basis
- Equal principal
- Bullet
