ISRAEL PRIVATE LOAN
In Israel, private borrowing is defined by a new introduced was of financing instrument offered through an Israeli investor or an Israeli private lender in favour of an Israeli borrower who avoids Israeli banks.
In Israel, a private loan is traditionnaly used by Israeli individuals or Israeli entrepreneurs as last ressort to get access to funds when classic lenders are refusing.
In Israel, private financing is meanwhile not more in a grey area like in the past and is regulated via autorised Israeli Peer to Peer (P2P) lending platforms which involve Israeli loan applicants and Israeli private lenders.
In Israel, private lending is so far safe when a borrower used regulated places avoiding to fall in a scam of lenders who are after an upfront fee without delivering the real loan.