Assistance in Purchasing a Vehicle for Work Purposes
Grant for purchasing a vehicle for work or rehabilitation
What is assistance for vehicle purchase for work purposes?
Assistance provided for the purchase of a vehicle that will be used for work, livelihood maintenance, or rehabilitation, defined as a commercial vehicle according to the Ministry of Transport's definitions.
Before submitting the application, initial approval must be obtained from a welfare worker.
The assistance will be provided for one of the following purposes:
Establishing a private business to create a source of income.
Sustaining an existing private business that serves as a source of income of the applicant.
For employees - returning to work as part of a rehabilitation process. You must submit a confirmation from your employer stating that the vehicle is required for performing your role, as detailed below.
What can you receive?
Bereaved parents and widows experiencing a second lossBereaved parents and widows experiencing a second loss are eligible for 200% assistance.
The double support can be received in one installment or in two installments of 100% each.
Stages of loan approval
In the first stage, you need to send us the application and documents through your account.
The application will be reviewed by a welfare worker, who will respond within 26 business days regarding eligibility for the loan.
Transferring your details to the bank - after receiving the details, the bank will send you a notification that the loan can be received at any branch of the First International Bank of Israel, at your choice.
The referral for the approved loan will be valid for 4 months only, and the loan must be utilized at the bank before its expiration.
Loan utilization - the bank will notify you via SMS about the transfer of the loan amount to your account. From this stage, the loan repayment amount will be deducted monthly from your monthly benefits.
Loan guarantee
In some cases, it is necessary to present guarantors to the bank for the loan. The guarantors will commit to repaying the loan to the bank if you are unable to pay.
The guarantors can sign the guarantee at any of the bank's branches, not just the branch where you chose to apply for the loan.
Modification or cancellation of the loan
If you need to cancel an approved loan, or shorten or extend the repayment term, please inform the welfare worker.
How to apply?
Step One: Submit an application form to the welfare worker
Parents and widows need to select and submit the appropriate form:
Step Two: Submit documents through your account
Valid driver's license photocopy.
Documents proving that the business serves as your source of employment and livelihood.
Employees - attach a confirmation by your employer detailing the nature of your role and work, and stating that the vehicle is required for performing your job.
Vehicle order photocopy - the order will include the type of vehicle and its price.
For loan applications:
Form of approval for transferring personal details to the International Bank for bereaved parents - in the case of two parents, both must sign the form
Form of approval for transferring details to the International Bank for widows
After receiving approval for your application and purchasing the vehicle, you must submit:
Step Three: Completing documents after approval
Application form for registering a customs restriction note - signed by the vehicle importer.
Application for registering a customs restriction note - importer's statement
Application for registering a customs restriction note - registered vehicle owner
Photocopy of the new vehicle registration in the name of the eligible person - must be submitted to us within 60 days from the date of receiving the assistance.
If necessary, we will contact you and request additional documents.
What happens after you apply?
We will respond within 21 business days from the receipt of all required documents. If there is any delay, we will inform you.
