Notable 'minimum wage' detail in interest-free marriage loan for couples planning to marry

AKP Chairman and President Recep Tayyip Erdoğan announced, and which was also included in the AKP's election manifesto, details regarding the 150 thousand lira interest-free loan for couples planning to marry are becoming clear. The legislative proposal is expected to be submitted to Parliament next week.

MINIMUM WAGE DETAIL

A detail regarding the minimum wage for the loan, which will be provided with a two-year grace period and a 5-year repayment term, has drawn attention. Certified Public Accountant Ahmet Kurtuluş explained the minimum wage detail regarding the loan.

According to a report by Milliyet, Kurtuluş stated, "According to the legislative preparation expected to be referred to Parliament for discussion in the sub-committee next week, the 150 thousand TL interest-free loan support will have a 2-year grace period, a total repayment term of 5 years, and a 150 thousand TL upper limit."

WHAT ARE THE CONDITIONS FOR THE MARRIAGE LOAN?

The Certified Public Accountant noted the following:

Another condition here is that we are talking about a loan that can only be given to one of the parties getting married. It will not be a situation where it is given to both the woman and the man. It will be a loan provided to those making their first marriage; in other words, individuals making their second marriage cannot benefit from this opportunity.

WHAT WILL THE AGE LIMIT BE?

We definitely expect a limitation. There is a young entrepreneur exemption in our Tax Procedure Law, and the age limit to benefit from this exemption is between 18-29. I think this could be taken as a measure and that young people between the ages of 18-29 could benefit from the marriage loan.

NOTABLE MINIMUM WAGE DETAIL

It will be possible to benefit if both parties are in their first marriage, and I expect that there will be an opportunity to benefit from the loan if the total income of the parties does not exceed 3 times the minimum wage.

The loan in question will be aimed at a newly established family. It will not be a case of providing separate loans to both parties.

Certain criteria will be sought, such as the clarification of the individuals getting married and the date of the marriage. Applications will be made once these are uploaded to the system."

News Source: 12punto