This came out the day after I predicted that EMI would be limited to 80%:
This actually makes a lot of sense. EMI is very expensive if you take out a 75% loan, and is reasonable for loans of 90%. However, it should only be used for very specific situations, and not for just anyone who has no cash.
It looks like Leumi recognized that most of the clients requesting EMI were those who just didn't have enough cash instead of those with high salaries buying up.
