Bar/Bat-mitzvah Loan and Grant
Assistance to cover the expenses for Bar/Bat-mitzvahs of orphans and bereaved siblings
What can you receive?
The coming of age ceremony is a special occasion in a family life. On this occasion, you can receive assistance to cover the expenses of your child's Bar or Bat-mitzvah.
The assistance is a one-time benefit for each child coming of age - girls at age 12, and boys at age 13.
For your attention- The granted loan is a fixed interest rate loan (not linked to the consumer price index). The interest rate changes every 5 years.
- The loan interest rates are determined by the Accountant General and are updated quarterly.
- In most cases, the loan repayment schedule is spread over 24 months. If there is a need to arrange the payments differently, you can request this from the welfare worker.
- It is possible that the loan terms offered by the department are not significantly different from those offered by banks, so it is advisable to check and compare the terms before taking the loan.
- The monthly loan repayment amount will be deducted from the benefit slip.
How to apply?
The grant for widows and widowers is automatically received through the benefit slip in the month of the child's birthday.
Please submit an application for loan through your account:
Letter of application signed by the eligible individual
An application made for bereaved parents must be submitted and signed by both parents.Copy of the parent's ID card
Showing the details of the son or daughter coming of age.In case of an application for loan:
Form of approval to transfer personal details to the International Bank for bereaved parents - in the case of a couple, both parents must sign the form
Form of approval to transfer personal details to the International Bank for widows and widowers
Steps of the loan application process
Submit the application and documents through your account.
The application will be reviewed by a welfare worker, who will respond within 26 business days regarding the loan eligibility.
Your details will be transferred to the bank - after receiving the details, the bank will send you a notification that you can process the loan at any branch of the First International Bank of Israel, at your choice.
The approved loan referral will be valid 4 months only, and the loan must be processed at the bank before it expires.
Loan processing - the bank will notify you via SMS about the transfer of the loan amount to your account. From this point, the loan repayment amount will be deducted monthly from your benefits.
Loan guarantee
In some cases, it is necessary to present guarantors to the bank to take the loan. The guarantors will commit to repay the loan to the bank in case you are unable to pay.
The guarantors can sign the guarantee at any branch of the bank, not just the branch at which you chose to process the loan.
Loan modification or cancellation
If it is necessary to cancel an approved loan, or reduce or extend the repayment term, please inform the welfare worker.
