Since the start of the war, the volume of frozen loans in Israel has been steadily decreasing. From 100 billion shekels in January 2024 to 63 billion shekels in February and 54.6 billion shekels in March, many Israelis have resumed payments on their loans. However, most of the remaining frozen loans are mortgages, totaling 39.3 billion shekels or 6.7% of all mortgage loans.
The loan freeze program has been extended twice and is currently in effect until June. Efforts are being made to encourage Israelis to resume payments on their frozen loans to support the economy. With improvements in the situation, more loans are expected to be unfrozen in the coming months, providing further relief to borrowers.
During this challenging period, various services and resources are available to assist individuals and businesses in managing their financial obligations. It is recommended that borrowers stay informed about updates related to the loan freeze program and take advantage of any support that may be available to them.
In conclusion, while some progress has been made in resuming payments on frozen loans, there is still work to be done. However, with continued efforts from both borrowers and lenders, we can hope for a brighter financial future for all those affected by this pandemic.
