On Tuesday, August 13, the dollar saw 7.22 pounds. With measures taken by the economy, the exchange rate fell by 34.4 percent in the last two months to 5.35. Kurd withdrawal opened the door for cheap loans. Banks do not expect a decision to reduce the interest rate of the Central Bank, this fall in the exchange rate is reflected in loans. Since November 1, banks have begun to publish current interest rates in all loans from the residence to their needs.
PEŠ PEŠE REDUKCIJE
According to the news in the mail, one of the banks that has lowered the interest rate on the loan is Akbank. The Bank reduced the mortgage loan interest rate of 100,000 lire from 2.89 to 2.75, then 2.69 to 2.59 in 120 months. This is a person who attracts housing loans a monthly rate of 271 pounds, the total interest of 32 thousand 588 pounds is lowering. Again within 12-24 months, between 30-50 thousand TL of interest on consumer loans (insured) from 2.95 to 2. 9, 36 months to 2.75 has been withdrawn.
SUPPORT TO THE CONSUMER
Garanti Bank has reduced the housing loan rates of 5.5 years and 10 years from 2.55 to 2.40, and to 6.24 to 2.34. The interest rate on consumer loans fell from 2.73% to 2.72%. In the first two months, ING Bank also increased housing loan rates up to 2.45 to 2.09, while consumer loans fell from 2.90 to 2.49-2.29.
Iapı Kredi lowered the interest rate to 2.78 TL on a 36-month loan of 50,000 TL. In the mortgage loan of 5 and 10 years, the interest rate in the range of 2.50-2.52 decreased to 2.33%. Public Bank Vakifbank also lowered the interest rates from 2.70 to 2.50. The interest rate on the housing loan is 2.09. Ziraat, on the other hand, retains the housing loan rate to 1.98%.
TOTAL REDUCED BY COST
The interest rate of banks on consumer loans from 3.07 to 2.90 to 2.72-2.29 and 3.10-2.50 to 2.30 to 2.09 will reduce costs. Thus, two months ago from the bank on average from 2.90 to 50 thousand pounds a citizen who uses monthly rates of 205 pounds, the total cost at the end of 36 months will fall about 7 thousand pounds. In a mortgage loan of 100,000 pounds of 311 pounds, the total payment of 36,000 pounds at the end of 120 months fell.