Lender bank, which frequently comes to the agenda with its new privileges for retirees, also has a retirement-specific loan campaign that can be made available. In order to benefit from the related loan, there are various conditions, especially the bank’s salary customer, and in this respect, it will be useful to address various issues such as how to apply for a pension loan for 60 thousand USD, what are the procedures.
Within the scope of this loan campaign, which is specially designed for retirees who receive their wages or who want to move their pension, it is possible to allocate loans with a maturity of 60 months and 60 thousand USD with interest rates well below the market average.
In the event that consumers want to take a loan with a higher limit, they are also allowed to do so through collateral, mortgage or guarantor.
Documents that consumers who will be able to withdraw loans will need for loan allocation are their identity cards, pension monthly breakdown and electricity, water or natural gas invoices or residence records.
Pension Credit Calculation
The interest rate to be applied to the retirees who will receive general purpose loans ; It stands at 1.69%. In addition, a 0.5% financing allocation fee and life insurance premium payment must be made, regardless of maturity.
It should be noted that loan allocation fee and life insurance premium payment are not included in the calculation below due to the amount of credit, credit term, age of the borrower and health status.
Pensioners who apply for 60 thousand USD loan:
- 6373 USD each month for a 12-month maturity, 76.486 USD in total,
- 3914 USD per month for a 24-month maturity, 93.942 USD in total,
- 3150 USD each month for a 36-month term, a total of 113.414 USD,
- 48 months maturity was canceled by BRSA.
Retirement Loan Application
In order to participate in the general purpose loan campaign organized, it is necessary to be a salary client of the bank. In this respect, it is essential to move the salary .
After the salary has been transferred, the application for identity card, pension, and loan application made with the residence will be evaluated and answered within 24 hours. When the loan result is learned, the loan allocation will be made automatically to the previously opened current account and the loan installment payments will start as of the next month.
How Much Credit Can Be Withdrawn
Within the scope of the related loan campaign, Lender bank has determined the upper limit of the loan as 60 thousand USD, but in order to use credit with these limits, it is necessary to have a high credit rating, a high income or collateral. In addition, it will be useful to know that the BRSA has a requirement regarding the maximum credit limit.
Namely, the BRSA does not consider it appropriate for individuals to pay more than half of their monthly income, and in this respect it restricts the total amount of the loan that can be used with half of the monthly income. Consumers will be able to find the maximum credit limit they can use by multiplying half of their monthly income with the maturity they want to use.