After the Central Bank of the Republic of Turkey cut the policy rate by 200 basis points to 16%, the eyes were turned to the current loan interest rates of the banks. According to the breaking news, public banks (Ziraat, Halkbank, Vakifbank) announced that they made a reduction of up to 200 basis points in corporate loan interest rates according to the product and maturity structure. Accordingly, public banks will apply interest rates of ₺1 million for housing loans, 1.29% for amounts below and 1.34% for amounts above ₺1 million.
After the Central Bank’s policy rate cut decision, the expectation that banks would lower their loan rates had increased. According to the new information, public banks announced that they made a reduction of up to 200 basis points in corporate loan interest rates according to the product and maturity structure. Public banks will apply interest rates of ₺1 million for housing loans, 1.29% for amounts below, and 1.34% for amounts above ₺1 million. On the other hand, after the news of the loan interest rate cut, the queries of ‘How much is Halkbank, Ziraat Bank, Vakifbank consumer – vehicle – housing loan interest rates’ accelerated on the internet. Here is the joint statement of the 3 banks and the loan interest rates table!
JOINT STATEMENT FROM 3 PUBLIC BANKS
As of October 22, 2021, corporate loan interest rates were reduced by up to 200 basis points, depending on the product and maturity structure.
As of October 26, 2021, the interest rates for housing loans will be 1.29% for amounts below ₺1 million and 1.34% for amounts over ₺1 million, effective as of October 26, 2021.
Our banks will continue to contribute to the strengthening of our country’s economy and employment and to stand by our companies, as they have done so far.
ZIRAAT BANK INTEREST RATES
Consumer credit: 1.59
Vehicle loan: 1.59
VAKIFBANK LOAN INTEREST RATES
Consumer loan: 1.61
Vehicle loan: 1.50
ISBANK LOAN INTEREST RATES
Consumer loan: 1.60
Vehicle loan: 1.54
Housing loan: 1.38
TEB LOAN INTEREST RATES
Consumer loan: 1.59
Vehicle loan: 1.61
Housing loan: 1.58
GARANTI BANK LOAN INTEREST RATES
Consumer loan: 1.74
Housing loan: 1.52
Vehicle loan: 1.62
YAPIKREDI LOAN INTEREST RATES
Personal consumer loan: 2.19
Housing loan: 1.44
Vehicle loan: 1.54
DENIZBANK INTEREST RATES
Housing loan: 1.68
Vehicle loan: 1.81
Consumer loan: 1.89
QNB FINANSBANK INTEREST RATES
Consumer loan: 1.39
Housing loan: 1.69
Vehicle loan: 1.85
Source: Sabah / Translated by Irem Yildiz