With us, you can get the full amount you need to complete the deal.
With us, you can get the full amount you need to complete the deal.
Want to pay off your mortgage early? You can – and it won’t cost you a thing.
A quick and simple underwriting process available 24/7 – no need to wait for a representative. Just a few minutes and your approval is ready!
A non-bank mortgage is not subject to the same restrictions that apply to bank mortgages, such as the maximum mortgage amount, borrower’s age, loan repayment period, or disposable income tests. As a result, it can offer borrowers more favorable terms than those provided by the banking system. Another major advantage is the speed at which the loan process can move forward, as well as the fact that many procedures are handled directly by the platform rather than the borrower – such as the registration of liens.
BTB was founded in 2014 by Shlomi Turgeman and Alon Katz with the aim of solving the credit crunch faced by business owners in Israel and promoting the credit market. On February 1, 2018, the law regulating P2P platforms in Israel came into effect, officially known as Amendment No. 4 to the Financial Services Supervision Law (Regulated Financial Services), 2016. It is important to note that we were among the initiators of this legislation and were actively involved throughout the entire process – from drafting the law, through Knesset committee discussions, to the approval of the final amendment. Our operations are supervised by the Capital Market, Insurance and Savings Authority, and the company operates under a license for the operation of an Expanded Credit Intermediation System (License No. 56406). You are welcome to view our license here.
The process of obtaining a preliminary mortgage approval is simple and fast. Thanks to our unique technological systems, you can receive an initial approval within just 5 minutes – anytime, without waiting for a representative. All you need to do is enter the requested information into our verification system. Once you receive the digital response, our professional account managers will contact you to guide and support you throughout the entire process – all the way until you receive your mortgage. In addition, everything can be done through your personal area, where you can easily upload documents.
A non-bank mortgage is a loan provided against the collateral of a property, where the lender is a licensed credit institution operating legally – but not a bank. The BTB platform operates in accordance with the Financial Services Supervision Law (Regulated Financial Services), 2016, under a license granted by the Capital Market, Insurance and Savings Authority.
A preliminary mortgage approval is an initial authorization for a mortgage loan, based on the declarations and details you provided in your application. The approval is conditional upon you submitting the required documents to verify the information provided within 30 days, signing the loan documents, and providing all necessary collateral, including a lien on the property. The interest rate and/or the interest adjustment mechanism, as determined in the preliminary approval, will remain valid for 30 days from the date of approval.
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