If you’re planning to buy property in Israel, one of the first steps is getting an Ishur Ekroni – the official mortgage pre-approval from the bank. This document confirms that, based on your profile, you are eligible for a mortgage and outlines the initial loan terms.
What Is an Ishur Ekroni?
An Ishur Ekroni (אישור עקרוני) is a written confirmation from an Israeli bank that you are approved in principle for a mortgage. It details the amount you can borrow, the proposed repayment period, and the initial interest rates offered.
It’s important to note that the rates in the Ishur Ekroni are not usually the final rates. In Israel, the document mainly serves as proof that you qualify for financing. The detailed terms - especially interest ratesare typically - negotiated later in the process.
Why Is an Ishur Ekroni Important?
Having a pre-approval gives you several key advantages when buying property:
Clarity on your budget – know how much you can borrow before committing to a purchase
Credibility with sellers and agents – demonstrates you’re a serious buyer with financing already approved
Security during the process – the approval is valid for a defined period, so you can move forward confidently
A Straightforward Process
The process to receive an Ishur Ekroni is straightforward. You provide the bank with your basic personal and financial information (income, employment, property details), and they issue the document. The approval will specify:
The mortgage amount you qualify for
Loan duration
Initial interest rates
Monthly repayment estimate
Required documents for the next stage
How LendAbroad Can Help
At LendAbroad, we help international buyers and investors navigate the Israeli mortgage system. We guide you through securing your Ishur Ekroni quickly and smoothly, and support you all the way to negotiating the best possible final terms.
Contact us today at hello@lendabroad.com to start your Ishur Ekroni today.
