VakıfBank cuts interest rates on housing and retail loans
According to a statement from Vakıfbank, the bank experienced a fall in the interest rate policy of the Central Bank of the Republic of Turkey after going to 425 basis points, reflecting borrowing costs to their customers.
In this context, the bank, starting from tomorrow, the amount of housing loans up to 500 thousand pounds monthly interest rates, for a maximum of 180 months maturity under 1 percent by pulling from 1.49 percent to 0.99 percent.
The bank, the amount of 500 thousand pounds to 1 million pounds in the monthly interest rate for housing loans to 180 months to 1.19 percent down to 1.19 percent. On the other hand, if the loan is used for housing that is consistent with 1 million pounds or more, the interest rate for a maximum maturity of 180 months was set at 1.39 percent.
In addition, VakıfBank determined the interest rate for individual customers who want to buy houses from housing projects of companies participating in the campaign as 0.79 percent per month up to 180 months.
Previously 1.78 percent of the consumer loan interest rates at the level of lowering VakıfBank, up to 90 thousand pounds for a maximum of 60 months term salary customers 1.49 percent, 1.59 percent consumer loans to other customers to use.
"We immediately reflect the positive atmosphere in the economy to our customers"
Abdi Serdar Üstünsalih, the General Manager of VakıfBank, stated that the CBRT's policy rate cut by 425 basis points along with the rebalancing process in the national economy significantly reduced the borrowing costs of banks.
Üstünsalih pointing out that there have been important developments in the flow of resources for Turkey in the international markets, "As a result, we've also supply quickly our customers by updating our lending rates also take advantage immediately of this positive atmosphere. Even before the decision of the central bank than lending rates, our sector average We are continuing this approach with our current rates. " made reviews.
Üstünsalih reminded that they offer advantageous products to their customers with the inflation-indexed housing loan, which was recently used.
Do not make the maximum contribution to the balance sheet VakifBank as Turkey, ranks first among the priorities that transmits Üstünsalih, he said:
"As public banks, we maintain our strong stance during difficult times. We have become the next power to our national economy by leaving our profitability to the second plan. As VakıfBank, we continue to offer the best conditions in favor of our customers not only in retail loans but also in SME and commercial segments.
As a result of the policies of our state, we are trying to do our part while reaching the targets one by one in our economy. In this period, the interest of international funds to our country has increased again. We will continue to be the power of the real economy and the households with both our own resources and the funds we will provide from abroad. "