Foreign Curency Linked Loan

Foreign Exchange Linked Loan bears interest and linked to the relevant currency.
Foreign currency mortgage loan are available in Israeli banks in several major currencies:
Dollar, Euro, Japanese yen and Swiss franc as the interest rate is determined on the Labor interest of the same coin, plus the bank's margin, and it is updated every three, six months or a year.
Today, in the global interest rate environment, the Labor interest is attractive. However, there is a risk of devaluation of the INS against the currency, which would increase the monthly payments.
If you have income in foreign currency you might consider mortgage with foreign currency. And receive a lower interest rate with no risk exposure with depreciation of the INS.

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