Bank Leumi Launches New 2% Subsidized Loan Fund for IDF Reservists
Bank Leumi and partners launch a new multi-million NIS fund offering subsidized 40,000 NIS loans at 2% interest for eligible IDF reservists.
Bank Leumi has launched a significant benefit for reservists through an aid fund established by the Jewish Agency, the Jewish Federations of North America, the Schusterman Family Philanthropies, and Bank Leumi. The exclusive benefit is available to customers of all banks.
A year ago, a unique assistance fund totaling 430 million NIS was established to support reservists amid the ongoing Iron Swords war, offering subsidized loans at a fixed interest rate of just 2%.
Following high demand, fund partners have now launched an additional phase with a similar scale of hundreds of millions of shekels. The new offering provides a 40,000 NIS loan over a 4-year term at a fixed interest rate of 2%. The fund remains accessible to customers across all banking institutions.
Eligibility is extended to reservists who have completed at least 200 reserve duty days since October 7, those who served 30 days over the past year, or reservists wounded during the war, provided they did not utilize the previous fund's benefit.
