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Micro loans

Product Name

Maximum Loan Value ($)    

Maximum Time

Micro loan 1

500-2500

24

Micro loan 2

3000-5000

30

Product Name

Maximum Loan Value (NIS)    

Maximum Time

Micro loan 1

2000-10000

30

Micro loan 2

12000-20000

36

 

Loan applicant should fulfill the following conditions:

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  • Borrower financial commitments should not exceed 50 % of the borrower monthly income and project income.
  • Classification of the loan applicant credit registry by the company following an inquiry by the monetary authority. Degree of risk should be A, B OR C.
  • Only productive projects
  • Only loan level system
  • The applicant should submit a cash flow and a full feasibility study for the project.
  • 25 NIS non refundable Application fees
  • Classification of the borrower and guarantor on the returned check system (A,B,E)

Notes

  • If there is a procedural legal case as a guarantee, the commission stays 0 % on the contract.
  •  If there is a bank guarantee, the commission becomes 1.5% on the contract.