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 *3477

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