Last month, the Central Bank cut interest rates by 250 basis points, reducing the policy rate from 50 percent to 47.50 percent.
After the interest rate cut, there was a downward movement in loan interest rates. As of January 9, 2025, there are differences in the most suitable consumer loan interest rates depending on maturity and amount.
Here are the 12-month interest rates and repayments of the 50 thousand TL consumer loan from bank to bank:
QNB FINANSBANK
Monthly Installment Amount 5.722 TL
Interest Rate 4.04%
Total Payment 68.948 TL
GARANTI BBVA
Monthly Installment Amount 5.835 TL
Interest Rate 4.31%
Total Payment 70.304 TL
GETIR FINANCE
Monthly Installment Amount 5.565 TL
Interest Rate 3.66%
Total Payment 66.774 TL