Digital Loan with Leumi Bank

Last updated
Save as PDF

This page provides an overview of Leumi Bank's digital loan service, emphasizing the convenience of applying online or via the mobile app without visiting a branch. The digital loan offers flexible terms, including a repayment period of 12 to 120 months and variable interest rates based on the prime rate. Benefits include special interest rates and exemption from credit processing fees for digital applications. The page also outlines important details, such as loan approval discretion, non-payme

Just Be Smart: Get a Digital Loan with Leumi Bank Without Visiting a Branch

In today's fast-paced world, convenience is key. Leumi Bank offers a seamless solution for your financial needs with its digital loan service. Forget about long waits and the hassle of visiting a branch. With Leumi's digital loan, you can apply and get approved online, making the process simple and efficient.

How to Apply

Accessing a digital loan is straightforward. Just visit the Leumi Bank website or use their mobile application. Follow the easy steps to apply, and you'll be on your way to securing the funds you need.

Loan Characteristics

Leumi's digital loan comes with flexible terms designed to suit various financial situations:

Loan Period: 12 to 120 months
Interest Type: Variable based on the prime rate
Deferred Payment Option: Defer the principal payment (Grace period) for up to 6 months

Benefits

Leumi Bank offers several advantages for customers who choose to take out a digital loan:

Special Interest Benefit: Enjoy a reduced interest rate when you apply through the website or app.
Fee Exemption: Digital loans are exempt from credit processing fees.

Important Details

Loan Provision: The approval and terms of the loan are at the sole discretion of Leumi Bank.
Consequences of Non-Payment: Failure to repay the loan may result in delinquent interest charges and execution proceedings.
Non-Binding Information: The information provided does not constitute an offer or commitment to provide credit. Loan terms range from 2 to 72 payments, with a maximum annual interest rate of P+10.00%, leading to an adjusted annual rate of 17.23%.

For example, a loan of NIS 10,000 for 60 months at P+2.9% (an annual interest rate of 8.90%) would result in an adjusted interest rate of 9.27%. The estimated monthly repayment would be NIS 207.10, totaling NIS 12,425.91 over the loan period. Note that this model sample is tailored to each borrower, and the loan cost may vary with changes in the prime interest rate.

Clarifications

Loan approval and eligibility amounts are subject to the bank’s criteria.
Leumi Bank reserves the right to change or cancel loan terms at any time without prior notice.
This publication does not constitute a commitment to provide credit.

For more information and to start your application, visit Leumi Bank’s website or download the mobile app. Embrace the convenience and flexibility of digital loans today with Leumi Bank.