Zero-interest loan campaigns from banks: What are the participation requirements?
Banks are offering zero-interest loans and installment cash advance opportunities to new customers. The campaigns are valid until October 31, but to take advantage of the interest-free loan opportunity, you must have a high credit score and use digital channels.
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Many citizens experiencing economic hardship are aiming to ease their budgets with the "zero-interest loan" campaigns recently launched by banks.
Those who become bank customers for the first time can benefit from interest-free cash opportunities. Here are the loan campaigns offered by banks to those in urgent need of cash...
TEB: In addition to offering a 25,000 lira installment cash advance with zero percent interest in 3 installments, a loan opportunity of 25,000 lira is provided with an interest rate starting from zero percent and a 6-month maturity. The campaign is valid until October 31. To benefit from the 'Welcome' campaign, a high credit score and the use of digital channels are required.
QNB FİNANSBANK: As part of a campaign offered to new customers, the bank is providing a 20,000 lira loan with zero percent interest and a 6-month maturity. Additionally, it is offering an Installment Cash Advance of up to 25,000 lira with a 3-month maturity that can be utilized via QNB Mobile at a zero percent interest rate. The campaign is valid until October 31.
GARANTİ BBVA: As part of a campaign offered to new customers, it is providing a 20,000 lira loan with zero interest and a 6-month maturity. It is also offering a 3-installment cash advance of up to 25,000 lira with no interest. Customers who apply for an individual credit card within 14 days of becoming a customer can benefit from this campaign, provided their credit card application is approved and their card is activated. The campaigns are valid until October 15.
AKBANK: The bank is offering a 20,000 lira personal loan with zero interest and a maximum maturity of 6 months. Only those who become customers of the bank for the first time can benefit from the campaign. The bank also provides a zero-interest installment advance facility of up to 25,000 lira with a 3-month maturity. The campaign is valid until October 31.
DENİZBANK: Offering a 10,000 lira loan with a 6-month maturity and zero percent interest. DenizBank customers who become new clients and apply for the loan by October 31 can benefit from the campaign for a period of 1 month.
İŞ BANKASI: Those who become customers using the 'I Want to Be a Customer' feature in İşCep can withdraw a cash advance in installments of up to 25 thousand Turkish Lira with a 3-month maturity using their credit cards. The opportunity is available until the end of the month. Each customer can benefit from the campaign once.
ENPARA: Providing new customers with a 10 thousand lira interest-free personal loan with a 3-month maturity.
Those who cannot take advantage of zero-interest campaigns can still take out a loan from the bank where they are a customer. In this case, different interest rates are applied.
It is almost impossible to find consumer loan interest rates below 4 percent. When taking out a loan, you can choose the one with the most favorable interest rate and cost by researching the total repayment costs. Naturally, by looking at these costs, you can also compare the advantage provided by interest-free loans. Here are the amounts that need to be paid over 6, 12, and 24 months based on two interest rates close to current market rates:
