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Prime rate in Israel as of January 2025 is 6%. This rate is calculated by adding 1.5% to the Bank of Israel rate, which currently stands at 4.5%. The Prime rate serves as a basis for pricing loans and mortgages provided by commercial banks. Prime track in mortgages offers flexibility but is exposed to changes in Bank of Israel decisions. Fixed CPI-linked track offers interest rate stability but is exposed to consumer price index changes. For building an optimal mortgage mix, it's recommended to combine tracks while considering monthly repayment capacity, loan term and desired risk level. For example, a balanced mix could include one-third Prime, one-third fixed CPI-linked and one-third fixed non-linked. For personal consultation and accurate mix customization, contact us.
Mortgage refinancing is worth examining when there is at least a 0.5% gap between the current interest rate and today's offered rate, and when at least 7-10 years remain until mortgage completion. In your case, considering the relatively low interest rate you achieved (2.8%) and the rising interest rate trend in the market, currently there is no economic benefit to refinancing...
In non-bank loans for credit-rejected clients, attention should be paid to several risk factors: relatively high interest rates (8%-15%), less flexible repayment terms, and in some cases - lower level of regulatory supervision. For a restaurant business, I recommend first examining government-guaranteed funds or private investors as a preferable alternative...
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