In line with high inflation and cash needs, citizens closely follow banks’ current consumer loan interest rates. The interest/profit share rates, monthly installment amounts and total repayment amounts offered by banks for a consumer loan of 500 thousand TL with a 12-month maturity have become clear.
As of October 26, the 12-month repayment plan of the 500 thousand TL loan was shaped bank by bank as follows:
QNB
Interest Rate: 3.59%
Monthly Installment: 55.358,19 TL
Total Repayment: 667,173.28 TL
Foundation Participation
Dividend Rate: 3.99%
Monthly Installment: 57.009,23 TL
Total Repayment: 686.610,76 TL
Türkiye İş Bank
Interest Rate: 3.88%
Monthly Installment: 56.552,78 TL
Total Repayment: 681,508.36 TL