Turkey : When will the basic need support loan application end? How are basic general purpose loan applications made?

Individual basic need support loans are given to citizens whose monthly income is 5,000 lira and gold to finance their basic needs such as food, health, rent, bill payments. The 36-month Basic Support Necessary Loan applications submitted by VakıfBank, Halkbank and Ziraat Bank continue. So when will the individual basic need support loan application end?

WHO WON’T BENEFIT FROM THE BASIC NEEDS CREDIT?

Those who have an open follow-up record, an unpaid voucher, and an open protest bill, if one of the households / spouses used a loan, the other will not. The Treasury-backed Credit Guarantee Fund bail loan will be paid in equal installments.

WHO CAN APPLY TO THE BASIC NEEDS SUPPORT CREDIT?

The basic need loan applications initiated by Ziraat, Halkbank and VakıfBank have been continuing since 1 April. Citizens who are economically affected by the Corona virus can benefit from a support loan of up to 36 months and a maximum of 10 thousand TL, with a delay of 6 months. Berat Albayrak, Treasury and Finance Minister; “For our citizens with income below 5 thousand lira, very low cost basic need support was put into use up to 10 thousand lira. 3.7 million of our citizens applied. In this context, we are starting the payments this week. ” he said.

HOW TO USE THE BASIC NEEDS SUPPORT CREDIT?

Citizens who apply for the loan and are informed about the positive results will be able to activate the loans through the banks’ mobile applications. Persons whose credits are approved must follow these ways to activate the loan;

Click on the ‘Requirement Loan’ tab in the applications and select the ‘Basic support consumer loan’. Then you need to choose the amount you want and the number of terms. Click the Continue tab to finalize the process.

HOW TO MAKE THE BASIC REQUIREMENT CREDIT REFUND?

FOR 5,000 LIRA CREDITS: No refund for the first 6 months. Afterwards, 188 liras will be paid for 30 months.

FOR 7,500 LIRA CREDITS: No refund for the first 6 months. Afterwards, 282 pounds will be paid for 30 months.

FOR 10,000 LIRA CREDITS: No refund for the first 6 months. Afterwards, 376 lira will be paid for 30 months.

HAVE THE BASIC REQUIREMENT CREDIT APPLICATION RESULTS DETERMINED?

The answer to the question that the citizens applying for the basic need support loan is curiously awaited. Information messages started to come to those who applied for the loan. Information began to be sent to the citizens who applied.