The Bank announced benefits for its customers serving in active reserve service in two tracks: for those who take out a mortgage, NIS 100,000 of which will be given without interest and linkage, and for mortgage holders, there is a credit of up to NIS 100,000 on preferential terms and with a long-term spread.
Nadlan Center
Mizrahi Tefahot Bank announced Thursday morning benefits for active reservists who have served at least 90 days in the reserves since October 7. According to the bank, this is in recognition of their contribution. These benefits are in two tracks: for bank customers who take out a mortgage to purchase their first apartment and for bank customers who already have a mortgage.
For reservists, mortgage takers, first home buyers, and account holders at Mizrahi Tefahot Bank – a sum of NIS 100,000 and no more than 10% of the mortgage amount, without interest and linkage within the mortgage framework for the purchase of an apartment. In addition, an exemption from file opening fees will be granted.
For reservists who already have mortgages in Tefahot, a Tefahot credit card will provide credit of up to NIS 100,000, with preferential terms and a long-term deployment of up to 20 years. There is no need to commit in advance to the required amount of credit, and only the amount redeemed is refunded.
Moshe Larry, CEO of Mizrahi Tefahot Bank: “The reserve soldiers, who left their routine, family, work, and studies 9 months ago and stood as the country’s defensive wall against the enemy at the front, deserve more than anything else real, meaningful and rewarding recognition. Now, it’s time for us to mobilize for them in words and deeds. That’s why we decided at Mizrahi Tefahot Bank to give reservists, mortgage takers for their first apartment, and mortgage holders in Tefahot a unique and exclusive benefit for them, for each and every one of them – because they deserve it.”
