YOUR FINANCIAL START IN ISRAEL

When you make Aliyah, your Israeli credit file starts from scratch. No matter

how long or how strong your credit history was abroad, it doesn’t automatically

follow you to Israel.

That can mean higher borrowing costs at exactly the time when you may be dealing

with some of the biggest financial decisions of your new life in Israel.

This will be a practical, interactive session, with plenty of room to ask

questions about your own situation. We’ll explain how credit in Israel actually

works, with no prior knowledge of the Israeli financial system required. We’ll

cover:

• Who lends money in Israel and what borrowing really costs

• How the Bank of Israel’s national credit database works

• What your credit history means for you as a new Oleh

• Mortgage rules and considerations relevant to Olim

• What to do during your first 12 months in Israel

• What social credit is and how it differs from traditional lending

We’ll also introduce Ogen, a non-profit organization that has been providing

interest-free and affordable credit in Israel since 1990.