This book centers on the topic of consensual interest, primarily between banks and individuals, and discusses the interest law and the rate of maximum interest permissible by law, as well as payments in installments and in leasing transactions, routine debiting in repayment of linked loans, monthly billing according to surplus index, “tricks” performed by lenders in calculating interest, deducting interest from principal, late interest, determination of risk factors, effective vs. nominal interest, accumulation of compounded interest, external interest, remedies for breaking loan agreement, “transaction approval” and interest according to Hebrew law, and interest calculation.
The book is extremely practical. It has been quoted extensively in court rulings in all instances and has been widely distributed.
Published by Shoav Publishing, 44 Hagilgal St. Ramat Gan 052-5257005
Interest