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Homepage > Mortgages > Mortgage Types > Grace (Balloon) Loan

Grace (Balloon) Loan

Why postpone dreams if you can realize them now?

The Benleumi offers loans for up to 10 years in which borrowers pay a monthly interest amount only and, at the end of the period, they return the principal together with linkage differentials on the principal.


Two linkage options of choice:

  1. CPI Linked Plan
    A fixed interest loan where the principal and linkage differentials are paid at the end of the period.
    This loan can be paid at an earlier date without payment of interest differential capitalization fees.
  2. Foreign Currency Linked Plan (Up to 5 years)
    In this loan, the borrower makes monthly payments of the interest (based on LIBOR rates and changing every 3 months) and interest linkage differentials, while the principal and principal linkage differentials are paid at the end of the period.


This loan can be paid at an earlier date without payment of interest differential capitalization fees.


Who might benefit from the Grace Loan?


This loan is intended for borrowers who shall receive a guaranteed amount in the future in the amount of the loan, such as the maturity of an advanced study fund, savings account, etc.

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