The Total Average Cost of Unindexed Credit

Information Received from the Largest Seven Banks

​According to the Nonbank Loans Arrangement Law, which regulates the granting of credit of Nonbank Loans, the maximum cost of such a loan shall be two-and-a-quarter times the average cost of unindexed credit granted to the public by the banks. For this purpose, the Law states that the Bank of Israel shall publish this average cost each month.
According to section 5(a) of the Law, the total average cost of unindexed credit to the public is calculated as the weighted average of the cost of credit in overdraft accounts and in unindexed fixed-term credit in Israeli currency (based on data from the seven largest banks). The cost is calculated in terms of annual effective cost, and includes interest income and credit allocation fee.
The Bank of Israel is not responsible for any errors in the data presented. For legal purposes, only the data published in the Official Government Notices are applicable
year month Interest Rate (Percentage) Published in the Yalkut
Number Page
1993 January 17.70% 0 0
1993 February 18.46% 0 0\r
1993 March 18.86% 0 0\r
1993 April 18.73% 0 0\r
1993 May 18.49% 0 0\r
1993 June 18.45% 0 0\r
1993 July 17.63% 0 0\r
1993 August 16.09% 4171 983\r
1993 September 15.45% 4178 1383\r
1993 October 15.18% 4185 1853\r
1993 November 15.05% 4193 2349\r
1993 December 15.40% 4203 2790\r
1994 January 16.00% 4207 2922\r
1994 February 16.25% 4215 3446\r
1994 March 16.07% 4223 3809\r
1994 April 16.19% 4229 4198\r
1994 May 16.40% 4239 4652
1994 June 17.01% 4247 180\r
1994 July 17.55% 4255 415\r
1994 August 18.01% 4263 853\r
1994 September 19.44% 4267 980\r
1994 October 21.10% 4274 1175\r
1994 November 21.32% 4285 2169\r
1994 December 23.31% 4295 2701\r
1995 January 23.57% 4299 3004\r
1995 February 24.03% 4306 3358\r
1995 March 22.80% 4316 3792\r
1995 April 21.37% 4320 4084\r
1995 May 20.56% 4328 4623\r
1995 June 20.26% 4335 4860\r
1995 July 19.99% 4372 1217\r
1995 August 19.73% 4364 1011\r
1995 September 19.91% 4372 1217\r
1995 October 20.49% 4372 1217\r
1995 November 21.03% 4381 1629\r
1995 December 20.99% 4392 2343\r
1996 January 20.21% 4405 3073\r
1996 February 20.77% 4409 3345\r
1996 March 20.77% 4420 3629\r
1996 April 20.81% 4427 4092
1996 May 21.34% 4437 4555\r
1996 June 22.31% 4442 4827\r
1996 July 23.65% 4449 195\r
1996 August 22.76% 4456 452\r
1996 September 22.36% 4469 1013\r
1996 October 21.99% 4479 1575\r
1996 November 21.61% 4493 2249\r
1996 December 21.49% 4503 2548\r
1997 January 21.05% 4511 2952\r
1997 February 20.64% 4524 3601\r
1997 March 20.47% 4535 4000\r
1997 April 20.24% 4545 4473\r
1997 May 20.13% 4558 5207\r
1997 June 19.75% 4567 5510\r
1997 July 18.83% 4580 183\r
1997 August 18.79% 4588 637\r
1997 September 19.60% 4597 928\r
1997 October 19.30% 4608 1538\r
1997 November 19.38% 4617 2255\r
1997 December 19.15% 4628 2902\r
1998 January 19.22% 4638 3350\r
1998 February 18.65% 4646 3734\r
1998 March 18.17% 4660 4427\r
1998 April 17.67% 4562 4665\r
1998 May 17.28% 4694 349\r
1998 June 16.99% 4694 349\r
1998 July 16.61% 4694 350\r
1998 August 15.07% 4698 465\r
1998 September 14.64% 4712 1302\r
1998 October 14.79% 4724 1701\r
1998 November 17.62% 4734 1989\r
1998 December 18.49% 4743 2873\r
1999 January 18.56% 4751 3187\r
1999 February 18.71% 4763 3704\r
1999 March 18.22% 4803 8\r
1999 April 17.58% 4803 8\r
1999 May 17.19% 4798 5391\r
1999 June 17.32% 4805 71\r
1999 July 17.11% 4813 706\r
1999 August 16.58% 4823 1360\r
1999 September 16.63% 4835 1849\r
1999 October 16.56% 4846 2373\r
1999 November 16.47% 4854 2628\r
1999 December 16.01% 4864 2943\r
2000 January 15.30% 4873 3300\r
2000 February 14.86% 4885 3624\r
2000 March 14.36% 4893 3935\r
2000 April 13.88% 4898 4203\r
2000 May 13.64% 4909 4474\r
2000 June 13.62% 4929 142\r
2000 July 13.58% 4929 142\r
2000 August 13.25% 4939 579\r
2000 September 13.04% 4945 960\r
2000 October 12.67% 4956 1448\r
2000 November 12.47% 4964 1717\r
2000 December 12.16% 4977 2185\r
2001 January 11.95% 4983 2554\r
2001 February 11.63% 4986 2679\r
2001 March 11.38% 4994 2970\r
2001 April 11.02% 5014 3879\r
2001 May 11.00% 5014 3879\r
2001 June 10.68% 5023 112\r
2001 July 10.30% 5029 327\r
2001 August 10.00% 5033 449\r
2001 September 10.03% 5040 764\r
2001 October 10.11% 5047 1171\r
2001 November 9.88% 5055 1483\r
2001 December 9.14% 5068 2080\r
2002 January 7.73% 5067 2046\r
2002 February 7.85% 5075 2368\r
2002 March 8.31% 5084 2710\r
2002 April 8.31% 5094 3287\r
2002 May 8.45% 5100 3526\r
2002 June 10.34% 5117 123\r
2002 July 12.45% 5124 365\r
2002 August 12.56% 5129 530\r
2002 September 12.64% 5138 769\r
2002 October 12.45% 5144 1055\r
2002 November 12.47% 5157 1434\r
2002 December 12.51% 5169 1892
2003 January 12.62% 5177 2154\r
2003 February 12.72% 5190 2596\r
2003 March 12.59% 5196 2833\r
2003 April 12.47% 5203 3259\r
2003 May 12.17% 5224 4075\r
2003 June 11.66% 5225 4117\r
2003 July 11.26% 5233 190\r
2003 August 10.79% 5236 283\r
2003 September 10.37% 5256 1324\r
2003 October 10.02% 5268 1736\r
2003 November 9.50% 5272 1874\r
2003 December 9.08% 5285 2420\r
2004 January 8.66% 5289 2544\r
2004 February 8.49% 5297 2871\r
2004 March 8.15% 5305 3131\r
2004 April 7.99% 5313 3356\r
2004 May 7.84% 5320 3639\r
2004 June 7.87% 5330 7\r
2004 July 7.81% 5337 248\r
2004 August 7.83% 5344 490\r
2004 September 7.83% 5352 875\r
2004 October 7.82% 5361 1183\r
2004 November 7.81% 5368 1643\r
2004 December 7.58% 5388 2319\r
2005 January 7.33% 5394 2527\r
2005 February 7.12% 5427 3815\r
2005 March 7.09% 5427 3815\r
2005 April 7.07% 5427 3815\r
2005 May 7.03% 5427 3815\r
2005 June 7.01% 5449 115\r
2005 July 7.05% 5449 115\r
2005 August 7.01% 5461 566\r
2005 September 7.01% 5474 1036\r
2005 October 7.13% 5485 1376\r
2005 November 7.41% 5495 1888\r
2005 December 7.73% 5566 4631
2006 January 7.83% 5532 3348\r
2006 February 8.12% 5532 3348
2006 March 8.07% 5547 3983
2006 April 8.37% 5559 4440
2006 May 8.54% 5590 293
2006 June 8.48% 5590 293
2006 July 8.40% 5604 857
2006 August 8.63% 5604 858
2006 September 8.58% 5620 1306
2006 October 8.51% 5628 1580
2006 November 8.32% 5629 1612
2006 December 7.99% 5665 2775
2007 January 7.43% 5665 2775
2007 February 7.21% 5679 3092
2007 March 6.92% 5689 3419
2007 April 6.85% 5713 4249
2007 May 6.73% 5713 4249
2007 June 6.57% 5757 1270
2007 July 6.39% 5757 1270
2007 August 6.58% 5757 1270
2007 September 6.85% 5776 1929
2007 October 6.86% 5777 1982
2007 November 6.87% 5799 2928
2007 December 6.93% 5804 3047
2008 January 7.14% 5804 3048
2008 February 7.14% 5814 3301
2008 March 6.65% 5842 4472
2008 April 6.14% 5842 4472
2008 May 6.18% 5842 4472
2008 June 6.38% 5866 348
2008 July 6.57% 5866 348
2008 August 6.88% 5904 1896
2008 September 7.13% 5904 1896
2008 October 6.83% 5904 1896
2008 November 6.32% 5919 2452
2008 December 5.74% 5947 3576
2009 January 4.93% 5950 3690
2009 February 4.40% 5955 3997
2009 March 4.14% 5974 4714
2009 April 3.92% 5978 4982
2009 May 3.95% 5993 5524
2009 June 4.03% 6007 160
2009 July 3.97% 6008 189
2009 August 4.01% 6025 687
2009 September 4.19% 6036 1070
2009 October 4.24% 6061 1834
2009 November 4.25% 6069 2223
2009 December 4.38% 6087 2942
2010 January 4.68% 6087 2942
2010 February 4.66% 6096 3291
2010 March 4.67% 6108 3908
2010 April 4.86% 6134 4670
2010 May 4.91% 6125 4456
2010 June 4.86% 6147 447
2010 July 4.92% 6154 856
2010 August 5.06% 6162 1168
2010 September 5.04% 6183 1906
2010 October 5.32% 6193 2200
2010 November 5.29% 6212 3117
2010 December 5.26% 6225 3772
2011 January 5.24% 6236 4134
2011 February 5.54% 6251 4837
2011 March 5.74% 6257 5171
2011 April 6.07% 6273 5762
2011 May 6.10% 6288 6241
2011 June 6.12% 6305 58
2011 July 6.24% 6315 387
2011 August 6.28% 6329 925
2011 September 6.15% 6356 1883
2011 October 6.21% 6368 2258
2011 November 6.08% 6383 2815
2011 December 5.92% 6404 3512
2012 January 5.86% 6422 4271
2012 February 5.68% 6432 4735
2012 March 5.66% 6444 5177
2012 April 5.74% 6454 5601
2012 May 5.72% 6468 6200
2012 June 5.69% 6483 286
2012 July 5.47% 6500 1020
2012 August 5.41% 6508 1448
2012 September 5.42% 6564 3541
2012 September 5.46% 6564 3541
2012 November 5.27% -- --
2012 December 5.23% 6573 3948
2013 January 4.90% 6583 4376
2013 February 4.88% 6601 4986
2013 March 4.87% 6620 5863
2013 April 4.9% 6645 7531
2013 May 4.78% 6655 7923
2013 June 4.44% 6663 274
2013 July 4.46% 6680 814
2013 August 4.38% -- --
2013 September 4.31% 6692 1227
2013 September 4.14% 6729 2272
2013 November 4.18% 6730 2830
2013 December 4.19% 6752 3685
2014 January 4.18% 6776 4592
2014 February 4.30% __ __
2014 March 4.06% 6822 6239
2014 April 4.01% 6832 6655
2014 May 3.99% 6859 7598
2014 June 4.02%
2014 July 4.07%
2014 August 3.76%
2014 September 3.60%
2014 September 3.60%
2014 November 3.60%
2014 December 3.58%
2015 January 3.59%
2015 February 3.57%
2015 March 3.47%
2015 April 3.45%
2015 May 3.44%
2015 June 3.48%
2015 July 3.42%
2015 August 3.39%
2015 September 3.41%
2015 September 3.44%
2015 November 3.40%
2015 December 3.45%
2016 January 3.39%
2016 February 3.43%
2016 March 3.39%
2016 April 3.37%
2016 May 3.43%
2016 June 3.40%
2016 July 3.43%
2016 August 3.42%
2016 September 3.41%
2016 September 3.44%
2016 November 3.45%
2016 December 3.48%
2017 January 3.47%
2017 February 3.50%
2017 March 3.53%
2017 April 3.51%
2017 May 3.51%
2017 June 3.49%
2017 July 3.51%
2017 August 3.48%
2017 September 3.48%
2017 September 3.52%
2017 November 3.50%
2017 December 3.46%
2018 January 3.49%
2018 February 3.53%
2018 March 3.52%
2018 April 3.47%
2018 May 3.47%
2018 June 3.45%
2018 July 3.49%
2018 August 3.41%
2018 September 3.41%
2018 September 3.42%
2018 November 3.51%
2018 December 3.58%
2019 January 3.59%
2019 February 3.59%
2019 March 3.59%
2019 April 3.56%
2019 May 3.55%
2019 June 3.52%
2019 July 3.52%
2019 August 3.49%
2019 September 3.51%
2019 September 3.51%
2019 November 3.49%
2019 December 3.49%
2020 January 3.46%
2020 February 3.48%
2020 March 3.44%
2020 April 3.39%
2020 May 3.29%
2020 June 3.28%
2020 July 3.26%
2020 August 3.22%
2020 September 3.24%
2020 October 3.22%
2020 November 3.22%
2020 December 3.21%
2021 January 3.15%
2021 February 3.21%
2021 March 3.23%
2021 April 3.16%
2021 May 3.11%
2021 June 3.11%
2021 July 3.09%
2021 August 3.06%
2021 September 3.05%
2021 October 3.04%
2021 November 3.02%
2021 December 2.99%
2022 January 2.95%
2022 February 2.98%
2022 March 2.94%
2022 April 2.99%
2022 May 3.11%
2022 June 3.37%
2022 July 3.68%
2022 August 3.87%