Bank Leumi Offers Low-Interest Loans to Reserve Soldiers

Bank Leumi has announced a significant benefit for Israeli reserve soldiers, offering a loan with a subsidized and fixed interest rate of just 2%. This initiative is part of a larger assistance fund established a year ago, totaling NIS 430 million, to support reservists who have served extensively, particularly during the ongoing "Swords of Iron" war. The fund was created through a partnership between the Jewish Agency, Jewish Federations of North America, the Schusterman Foundation-Israel, and Bank Leumi.

Due to high demand, the fund's partners have decided to launch a second phase with a similar scale, involving hundreds of millions of shekels. The new loan offers up to NIS 40,000 over a four-year period at the fixed 2% interest rate. Importantly, this benefit is accessible to customers of all banks in Israel, not just Bank Leumi clients.

Eligibility criteria include reserve soldiers who have served at least 200 days since October 7, 2023, or 30 days within the past year. Additionally, reservists injured during the war since October 7, 2023, who did not utilize the benefit in the previous phase, are also eligible. The assistance fund is one of several programs the Jewish Agency operates to support reservists, including the "Wings" program for new immigrants serving in the reserves.