First International Bank of Israel: Personal Loans in Brief

At a glance

The First International Bank of Israel has operated since 1972 and heads a group that also includes Bank Otsar Ha-Hayal and Bank Massad. For a borrower that structure is the point worth knowing: the banks in the group set their own terms, so where you hold your account changes the conversation.

One group, several banks

1. Terms are set per bank: a proposal from one bank in the group is not automatically the proposal you would receive from another.
2. Ask where your account sits: the answer decides which set of conditions applies to you before anything is negotiated.

What does not change

1. The credit file: the Bank of Israel’s central Credit Data Register is consulted by every regulated lender, group or not.
2. The disclosure: terms are presented in a standard format, which is what makes two proposals genuinely comparable.

Before you compare

A group structure gives you more than one door, but only if you ask which door you are standing at. The guide below covers the documents, the stages of the application and how to read an offer properly.

Ask which bank in the group is quoting you. It is the question most applicants never think to ask.

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