Interest-Free Lending Banks
Retirement gives interest-free loans to banks, interest-free loans to pensioners, is located in the continuation of our post information about interest-free loans to pensioners. Especially retired people wonder which banks are giving special loans to pensioners . Essentially, almost all banks have retirement loan applications. Some of these may also be in very favorable interest conditions specific to retirees or without interest.
Banks providing interest-free loans to pensioners
Particularly after the decision and legal regulation that the retirees can get their pensions from the bank they want, especially in private banks, there was an explosion in the salary campaigns for retirees. In Turkey, there are currently more than 12 million pensioners with pensions of nominal and when people thought posed on the basis of economic size of banks each month and year to get a share of the economy would be a big mistake for them. That is why many banks have begun many campaigns for retirees or, more precisely, their retirement payments. These campaigns, which emerge with the names of interest-free loan to the pensioner 2018 , are of course also attracting the interest of retired people and sometimes they can cause their salaries to be transferred to other banks just because of these campaigns.
Although not in large amounts, we see that campaigns such as interest-free loan 2018 for this type of pension are generally carried out with low limits such as 1000-2000 TL. The main reason for this is that there is no limit for retirees to move their salaries from one bank to another. In other words, pensioners can move their salaries to any bank they want.
Banks can only offer interest-free loans at certain limits
Banks can only offer interest-free loans at certain limits. Similarly, banks offer these interest-free loans, as well as conditions such as the fact that they do not take a year or two from the bank to pay pensioners who benefit from the loan. Because, although there is a profit arising from the fact that the bank has taken the retirement payment into its own structure, it also has a cost due to the interest-free loan opportunity it offers to the pensioner and it has to meet this cost with the profit obtained at least in a certain period.
How Pensioners Receive Interest-Free Loans?
Many banks have a credit or interest-free loan campaign on pertinent terms for retirees. The first thing that is required for this is, of course, the transfer of the pension to the bank in question. The retired person primarily carries a petition to the bank where he wants to use his pension. After that, the bank can take advantage of the interest-free loan promised by the bank. Again, as long as the bank does not carry its salary to another bank for the specified period, it can pay the loan without interest. As we mentioned here, these loan amounts are generally symbolic as 1000 TL or 1200 TL , but they will meet the instant cash needs of pensioners. In this way, banks make attractive campaigns for retirees with campaigns such as 100 TL monthly payment and 1200 TL interest-free loan.
What should pensioners pay attention to from bank preferences?
Pensioners should pay particular attention to the campaigns and credit facilities offered by banks as well as the conditions against these loans while transferring their salaries to other banks in this way. Here, for example, almost all banks for a certain period of time to put the requirement to move the pension to another bank, some banks may go to applications such as penalty interest. On the other hand, they should compare the advantages that pensioners have with their existing pensions in their existing banks to those they will get when they move to a new bank. Sometimes, banks can also run a number of automatic payment orders or the use of a bank’s credit card, as well as carrying a pension. Therefore, when a retired person does not fulfill one or more of these conditions, the interest-free loan used may become interest-free loan at a time.