Public banks are implementing 4 new loan packages: “housing loan”, “vehicle loan”, “social life support” and “holiday support” for the transition to the normalization process and the revival of social life.
According to the joint statement made by Ziraat Bank, Halkbank and VakıfBank, 4 new loan packages are being implemented by public banks to enable citizens to meet their financial needs under favorable conditions for the transition to the normalization process and the revival of social life.
For first-hand/new or second-hand home purchases, financing opportunities will be offered with low interest rates and a maturity of up to 15 years with a grace period of up to 12 months.
In order for wider segments of society to benefit from this “historic” opportunity, the amount of loan that can be given per customer is limited. In 3 major cities (Istanbul, Ankara and Izmir), the loan amount is up to 750 thousand TL for the residences to be subject to loan, and for other cities, the loan amount is up to 500 thousand TL. can be used. A low equity/down payment ratio, starting from 10 percent, will be applied to loan usage.
In this context, financing opportunities will be offered for first-hand/new houses with a maximum grace period of 12 months, a maturity of up to 15 years and a monthly interest rate of 0.64 percent.
Vehicle loan package
Individual/corporate customers who will purchase zero kilometer passenger vehicles (including motorcycles) or commercial vehicles from contracted companies engaged in domestic production will be offered vehicle loans with a monthly interest rate of 0.49-0.69 percent, depending on the agreements made with the companies.
Individual/corporate customers who will purchase a second-hand passenger car (including motorcycles) or commercial vehicles will be provided with a vehicle loan opportunity with an interest rate of 0.82 percent. The maximum limit for second-hand passenger car and commercial vehicle loans with a maximum maturity of 60 months and a maximum grace period of 6 months will be 150 thousand TL. The loan amount will be calculated based on equity/foreign resources based on the insurance value, and vehicles up to 7 years old will be credited.
Minimum equity and maximum maturity legal limitations will apply to all new and second-hand vehicle loans. Applications for the vehicle loan package can be made to branches as of June 5.
Social life support package
In addition to providing the financing of individual customers’ social needs under favorable conditions, agreements will be made with domestic production companies in order to support the domestic production furniture, electronics, white goods, home paint-ceramic-door and window systems, home textile, dowry and bicycle sectors. Financing opportunity will be offered with a minimum loan amount of 3 thousand TL and a maximum of 30 thousand TL, a 6-month grace period, a maximum maturity of 60 months, and a monthly interest rate of 0.55 percent.
The companies with which agreements have been made will be published on the banks’ websites.
A minimum loan of 3 thousand TL and a maximum of 30 thousand TL in order to meet the furniture, brown small household appliances, home paint-ceramic-door and window systems, home textile, dowry and bicycle needs that individual customers will purchase from domestic production companies other than contracted companies, under favorable conditions. The financing opportunity will be offered against the invoice with a 6-month grace period and a maximum maturity of 60 months with a monthly interest rate of 0.82 percent.
All loans granted within the scope of the social life support loan package will be paid to the bank account opened in the name of the seller. Social life support loan package applications can be made to branches as of June 5.
Holiday support loan package
In addition to providing the financing needs of holiday and travel expenses of retired and working customers who want to go on holiday and receive a salary through the relevant bank, under favorable conditions, customers who apply to purchase holiday packages from travel agencies that will make agreements with public banks in order to support the tourism sector, receive a grace period of up to 10 thousand TL for 6 months. Financing opportunity will be offered under favorable conditions with a maturity of 36 months.
The 1st and 2nd installments of the loan in question will be paid by the relevant company and bank, and the customers’ installment payments will start after 9 months. In this context, the interest on the loan that customers will use will correspond to 0.67 percent per month.
The companies that will be included in the application will be published on the banks’ websites.
With the agreements to be made with travel agencies, citizens will be able to purchase holiday packages with credit cards, with a 3-month grace period, followed by 15 installments, for a total of 18 months cash price, interest-free.
Companies with which member business campaign agreements have been made will be published on the banks’ websites.
The application date and channel for the holiday support loan package will be announced this week.
Record disbursement of Individual Basic Needs Support loan
While approximately 7 million citizens benefited from the Individual Basic Needs Support loan, which was implemented by public banks within the scope of the “Economic Stability Shield” measures, nearly 40 billion TL of financing opportunities were provided.
With the loan package in question, a record level of personal loans were disbursed in the last 2 months. Individual Basic Needs Support loan applications have ended.
Source: https://www.aa.com.tr/tr/ekonomi/kamu-bankalarindan-4-yeni-kredi-destek-paketi/1860427
