12-month repayment of 50 thousand TL announced

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Lerato Khumalo

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