Tuesday , January 19 2021

Loan interest rates, 100 thousand TL 37,000 TL pocket remains

The dollar saw 7.22 pounds at midnight on August 13. With the measures taken by the economy's management, the exchange rate fell by 34.4% in the last two months to 5.35. The Kurdish retreat opened the door of cheap credit. Banks do not expect decision of the central bank's interest rate decision, this decline in the exchange rate is reflected in loans. As of November 1, banks began to announce the current interest rate in all loans from home to need.

PEŞE reductions

According to the news in the mail, one of the banks cut interest rate loan is Akbank. The bank reduced the interest rate of mortgage loans by 100 thousand pounds from 2.89 to 2.75, then 2.69 to 2.59 by 120 months. It is a person who pulls loans for housing monthly payments 271 pounds, payment of the total interest 32 thousand 588 pounds is falling. Again in the range of 12-24 months, between 30-50,000 TL interest on consumer loans (insured) 2.95 to 2. 9, 36 months to 2.75 duration.

Consumer Support

Graneti Bank cut its 5-year and 10-year housing lending rates from 2.55 to 2.40 to 2.36 on November 6. Interest rates on consumer loans fell from 2.73% to 2.72%. In the first two months, Bank Ing also increased lending rates to up to 2.45 to 2.09, while consumer loans fell from 2.90 to 2.49-2.29.

Direction down

Yapı Kredi lowered its interest rate to 2.78 TL on a 36-month term loan of 50 thousand TL. In the 5 and 10 year mortgage loan, the interest rate of 2.50-2.52 band decreased to 2.33 percent. The public bank Vakıfbank also lowered interest rates at an interest rate of 2.70s to 2.50. The housing loan interest is at 2.09. Zirat, on the other hand, maintains the rate of housing loans at 1.88%.

Total reduced cost

Banks The interest on consumer loans from 3,07 2,90 to 2,72-2,29 and 3,10-2,50 to 2,30 – 2,09 will reduce the costs. So, two months ago from the bank on average from 2.90 to 50 thousand pounds of a citizen who uses monthly payments of 205 pounds, the total cost at the end of 36 months will drop to about 7000 pounds. In the mortgage of 100 thousand pounds payments 311 pounds, the total payment of 36 thousand pounds at the end 120 months decreased.

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