Students Loan

Financing academic studies for students

Students at Mercantile are entitled to financing an academic degree without any preceding terms and conditions and commence repaying only a year after completing their studies.

How does this process work?

• The loan is suitable for all academic institutions authorized by the Council for Higher Learning
• The loan sum:  Up to NIS 25,000 for each loan for each academic year or the payment sum of the voucher (whichever is the lowest)
• Period: Up to 9 years
• Grace: Up to 5 years A bridging loan (grace) is about a year after completion of the studies – One date
• Only NIS25 is paid per month for the entire loan and only start paying the balance a year after completion of the studiers.
• The entire loan sum can be returned at each stage without any fines.
•  Enjoy a student account with 4 years of benefits
  Exemption from current account commissions and get a free credit card!
   

Additional details at the Mercantile branches or telephone *5600

* Subject to the bank's terms and conditions
* The bank is entitled to stop the campaign at any time without advance notice.
* Will Full and binding details are available at the branches.
* Extending credit is subject to the bank's procedures and the branch manager's discretion
* Failure to repay the loan is liable to incur interest on arrears and trigger a lien filing process.