Israel Discount Bank Personal Loans: A Short Introduction

At a glance

Israel Discount Bank has been lending to households since 1935 and heads a group that includes Mercantile Discount Bank. For a personal loan the size of the group matters less than three practical details: your credit file, your monthly room, and whether the rate can move.

What the bank reads first

1. The Credit Data Register: the Bank of Israel’s central register lists your active credit and any payment failures, and it is consulted before a rate is quoted.
2. Your income and commitments: salary slips set the ceiling; existing repayments decide how much of that ceiling is still free.

How the price is expressed

1. Fixed or Prime-linked: a fixed rate holds the instalment steady; a Prime-linked one follows the Bank of Israel’s rate through the term.
2. Fees belong in the comparison: opening charges and any required insurance are part of what the loan costs, not a detail to settle later.

One step before applying

Because disclosure is standardised in Israel, two proposals can be compared directly — provided you know which lines to read. The full guide below covers the documents, the stages and the questions to ask.

Request your own credit report before the bank does. It is free information, and it changes how the conversation starts.

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