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Mizrahi-Tefahot Bank Offers July Mortgage Payment Relief to Families with Children
Mizrahi-Tefahot Bank will automatically credit eligible mortgage customers with children under 18 a one-time refund of their July 2026 mortgage payment, up to 3,000 shekels, to ease summer financial burdens.
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What happened
- 01Mizrahi-Tefahot offers a one-time July 2026 mortgage payment refund up to 3,000 shekels.
- 02Eligible customers have children under 18 and mortgages for primary residences up to 2.5 million shekels.
- 03Qualification requires financing over 50% and repayment-to-income ratio above 25%.
- 04The refund is automatic, requiring no customer registration or bank contact.
- 05The credit will be deposited directly into customers' accounts in early August.
- 06The initiative aims to ease financial strain on families during expensive summer months.
The initiative targets younger families with significant mortgage loads and is part of a Bank of Israel consumer relief plan.
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