In Israel a mashkanta is almost never one loan. The bank splits it into tracks (Prime, Kalatz, Katz, Matz and tracks that reset every few years), each with its own rate, indexation and term. The split is called the tamhil. The bank registers a lien on the property, you repay every month, and Bank of Israel Directive 329 caps the term at 30 years.
The same directive sets the hard limits you will meet: financing of at most 75% of the price for a single home, 70% for a replacement home and 50% for an investment property or a foreign resident; a monthly payment of at most 50% of disposable income; and no more than 66.66% of the loan at a variable rate. For an oleh or a first-time buyer this means the bank's approval depends as much on your income and equity as on the property.
The main pitfall is comparing only the headline rate. Two offers with the same Prime discount can differ by tens of thousands of shekels over the life of the loan once the mix, indexation, fees and insurance are included. Ask several banks for an ishur ekroni and compare them side by side. Current market rates are on the rates page.
Example
To buy a ₪2,000,000 home as a single home you can borrow at most ₪1,500,000 (75%) and need ₪500,000 of your own money, plus purchase tax and fees. If the ₪1,500,000 is repaid over 25 years at an illustrative 5% a year, the monthly payment is about ₪8,769 and you repay about ₪2,630,000 in total.