Bank personal loan interest rates: How much is the repayment for 50 thousand and 100 thousand TL?

According to data released by the BDDK, consumer loans, which stood at 1 trillion 950 billion TL in the week of December 6, rose to 1 trillion 978 billion TL in the week of December 13.

Thus, the loan volume showed an increase of 28 billion TL in one week. The amount of loans utilized reached the level of 1 trillion 399 billion TL.

The share of personal loans within total consumer loans has approached 70 percent. Bank interest rates and repayment options have also become an important research topic for consumers.

THE MOST AFFORDABLE PERSONAL LOAN

Ahead of the interest rate decision to be announced this week by the Central Bank of the Republic of Turkey (TCMB), consumers have intensified their searches for "most affordable personal loan" and "low-interest loan."

HOW MUCH IS THE REPAYMENT FOR 50,000 TL?

According to the report by Türkiye Gazetesi, when looking at the rates offered by banks for a 50,000 TL loan;

For a 12-month maturity, the lowest rate is 2.99 percent. The monthly installments for the loan amount to 5,292 TL. The total repayment reaches 63,762 TL.

For a 24-month maturity, the lowest rate for 50,000 TL is 3.66 percent. The monthly installment for this loan is 3,538 TL. The total repayment reaches 84,929 TL.

HOW MUCH IS THE REPAYMENT FOR 100,000 TL?

When looking at the rates offered by banks for a 100,000 TL loan; for a 12-month maturity, the lowest rate is 3.66 percent. The monthly installments for this loan amount to 11,129 TL. The total repayment reaches 133,548 TL.

For a 24-month maturity, the lowest rate for 100,000 TL is also 3.66 percent. The monthly installment for this loan is 7,077 TL. The total repayment reaches 169,858 TL.