Loans

Loans

The Student Loans and Rights Department offers interest-free and without linkage to the price index loans to all students. These loans are granted as a credit for students' tuition.

Short-Term Loans

Loan Amount - up to 6,000 NIS.

Loan Repayment - through fixed payments up to 10 installments, interest-free and without linkage to the price index. A fee of 7 NIS for each deducted payment from the loan amount. First repayment date - one to one and a half months from the loan offer date.

Loan processing time - one to two weeks.

Application Submission:

Submit a short-term loan application through the InBar system - Personal Information - Requests and Approvals.

Attach a fixed payment authorization form, institution code - 8441 Bar Ilan.

Long-Term Loans

Loan Amount - up to 6,000 NIS.

Loan Repayment - through a single bank transfer or delayed checks, up to 10. For each delayed check, an additional bank maintenance fee of 10 NIS will be charged.

Loan Repayment Date - upon completion of the student's current degree.

Guarantors - Two guarantors are required. Attach ID photo and salary slips of the two guarantors.

Eligible Guarantors: Individuals with a net monthly income of 2,500 NIS and above (from salary only, not allowances). Spouse of the borrower cannot be a guarantor.

Both guarantors cannot be spouses.

Application Submission: Submit a long-term loan application to the Student Loans and Rights Department.

Provide complete details: • Full name • ID number • Requested loan amount • Date of degree completion • ID photo and salary slips of 2 guarantors.

The loan contract for your signature will be sent to you via email.