What are the application requirements for the interest-free marriage loan?
Applications for the Family and Youth Fund, known to the public as the interest-free marriage loan, begin today in provinces affected by the earthquakes. Details regarding the 150,000 TL marriage loan program have been announced. So, what are the application requirements for the 150,000 TL loan? Who will be eligible to apply?
12punto
The regulation covering the provisions for the Family and Youth Fund has been published in the Official Gazette with the signature of AKP Chairman and President Recep Tayyip Erdoğan. Individuals whose applications to the fund are approved will be offered 150,000 Turkish Lira in interest-free loan support with a 48-month maturity and a 2-year grace period.
Applications for the Family and Youth Fund, which will start in the earthquake zone, will be accepted starting today.
Applications can be made via the Ministry of Family and Social Services website at aile.gov.tr or through e-Devlet.
Minister of Family and Social Services Mahinur Özdemir Göktaş announced that applications would begin to be accepted through the Ministry of Family and Social Services website.
Minister Göktaş stated, "In the first stage, we will accept applications from our youth in Adıyaman, the İslahiye and Nurdağı districts of Gaziantep, as well as Hatay, Kahramanmaraş, and Malatya. In the coming period, we will expand the program to cover all our youth across all of Turkey. With the economic support component of the program, individuals whose applications are approved will be offered 150,000 Turkish Lira in loan support with a total maturity of 48 months and a 2-year grace period. We will manage the process in proportion to the funds accumulated in the fund."
IS THERE AN AGE REQUIREMENT?
Young people who wish to benefit from the fund must be between the ages of 18 and 29 as of the application date, meaning they must not have turned 30.
IS THERE AN INCOME CRITERION?
Göktaş replied, "A criterion has been set that the total gross income of the couple must not exceed 2 times the minimum wage so that a large number of our youth can benefit from the fund in question."
Pointing out that those who wish to benefit from the fund must have at least 2 months and at most 6 months remaining until their official wedding date as of the application date, Göktaş said that applications would be evaluated with care.