Soldiers Account

Loans

We at Mercantile, believe in you- the soldiers ,and offer you A loan sum :

up to NIS 10,000 in monthly payments of up to 18 payments based on the interest rate of Prime

Are you preparing for discharge?

We have a special loan for you!

An all-purpose loan up to NIS 10,000 in monthly payments of up to 24 payments based on the interest rate of Prime

Benefits in a soldiers account

Name of the Service	The benefit
Soldiers Account Management Fees	Exemption from commissions on transactions executed via a teller Exemption from commissions on transactions executed via the direct channel Two checkbooks per year Direct Banking Services: Direct Telebank, mercantile@internet - Free of charge.
Credit Cards	"Rosh Gadol Yoter" credit cards free of charge for the entire service period for conscripted soldiers
Securities	A 0.3% discount on the acquisition/sale of securities (subject to a minimum commission) A reduced discount at a rate of 0.35% on the acquisition/sale of securities traded overseas (Subject to a minimum commission) Management fees on a securities account in Israel: 0.100% per quarter (subject to a minimum commission) Management fees on a securities account overseas 0.125% per quarter (subject to a minimum commission)
Forex	A 50% discount on the exchange commission for the acquisition and sale of forex (without any minimum) A 50% discount on exchange rate differentials 0.5% discount on cash acquisition / sales of forex.
Credit Facilities	A full exemption from a credit allocation commission Credit facilities up to NIS 1000 at a variable interest rate based on prime. Extending credit is subject to the bank's procedures and the branch manager's discretion.
Direct Banking:	Mercantile's Personal Service at: SMS - Free of charge

Would you like to open a soldiers' account?
Visits one of the Mercantile branches or call *2524

Please note:

* This article refers to both sexes from the age of 18, the loan is intended solely for soldiers who transfer from the pay department.

* The bank is entitled to condition extending the loan on collateral

* Failure to repay the loan is liable to incur interest on arrears and trigger a lien filing process.

* subject to the bank's procedures.

* The bank is entitled to stop this campaign at any time without advance notice.

* Extending credit and credit cards is conditional on the approval of the branch manager and subject to furnishing suitable collateral by the customer