Life-Changing Loans for: Students

We’re here to support you in getting your degree!  Student loans are available to individuals studying at Israeli universities and colleges.


Age: 22 – 67

Israeli citizen residing in Israel

Net monthly income between ILS 3,000 – 15,000

12 consecutive months at the same workplace (or self-employed with 12 consecutive months of income)

Students who do not meet the above criteria (are not yet 22 or do not work) will be required to have one of his/her parents sign as an additional borrower (in addition to the two guarantors).

Two guarantors between the ages of 22 and 67 whose monthly income is at least ILS 3,000 (net) and who have been at the same workplace for 12 consecutive months

Any applicant who receives a pension from the National Insurance Institute (income support / child allowance / disability pension / survivors’ pension / old-age pension) may submit an application for a loan provided that the pension is at least ILS 3,000 a month. Kollel students may submit applications if the spouse earns at list ILS 3,000 from her workplace.


How do I begin?

Review the loan criteria and download the application form, complete it and send it to us by mail.  Incomplete forms or forms sent by fax will not be reviewed.


Please attach the following: 

You will receive a response to your request in the mail (not over the telephone).

The loan committee may approve or reject any loan application or select the loan amount without giving a reason for its decision.


Your Loan Has Been Approved! Now What?

Once your loan has been approved, you will receive a letter with detailed instructions and conditions.  You will need your two guarantors to sign the relevant forms at our office, at one of the branches of the First International Bank of Israel, or any branch of the Israeli Post Office, as explained in the instructions.  Your own signatures on the loan documents can be made either in person at Ogen offices in Jerusalem or in front of a lawyer who will verify your signature and then you can mail us the original documents.  Once the loan documents are received by Ogen we will transfer the loan proceeds to your account.


One time handling fees will be paid when the loan is granted, as detailed in the approval letter.  Loan repayment will take place through automatic withdrawal from your bank account according to the amount of the loan and your income level.  Loan repayments not honored by the bank will incur interest fees.


Who May Not be a Borrower or Guarantor?


Questions? Please view frequently asked questions to avoid unnecessary misunderstandings or delays.  If you still have questions, please contact us.

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