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While there has been economic activity recently, there is a development from the banks that will please citizens. Ziraat Bank, Vakıfbank and Halkbank updated their consumer loan interest rates and calculations. So, what awaits those who want to get a 50 thousand TL consumer loan from these banks? here are the details…
What those who apply for a loan should know
Individuals who will apply for a loan must follow the basic conditions:
- The person planning to take a loan must be 18 years of age or older.
- For your application to be approved, you must comply with certain evaluation criteria set by the bank. These criteria include having a stable job, making regular payments on past loans and credit card debt, having a reasonable level of total debt/income ratio and having no negative positions in the records of the Central Bank of the Republic of Turkey.
- With you when applying for a loan A valid identification document such as an identity card, passport or driver’s license Necessary.
Detailed Loan Calculation
Jiraat Bank
- Loan amount: 50,000 TL
- Maturity: 24 months
- Interest Rate: 3.44%
- Annual Cost Rate: 70.1691%
vakifbank
- Loan amount: 50,000 TL
- Maturity: 24 months
- Interest Rate: 3.35%
- Annual Cost Rate: 67.8907%
halkbank
- Loan amount: 50,000 TL
- Maturity: 36 months
- Monthly payment: 2.844,27 TL
- Interest Rate: 3.49%
- Total Repayment: 71,1611 TL
How does the application process work?
If you are considering availing these loan packages, you can apply online through the official websites of the respective banks or visit their nearest branch and fill the application form.