How to apply for a loan for newly married couples? zammoment? What is a 150 thousand lira interest-free loan? zammoment will be given?

20/10/2023 Life
interest free loan

Good news of 150 Thousand Liras Interest-Free Loan for Young People Getting Married! Application Conditions and Date Announced

With the Family and Youth Bank announced by President Recep Tayyip Erdoğan, 150 thousand lira interest-free loans will be given to newly married young people. The first two years of the loan will be graceful and will be repaid in 5 years. Loan applications will be made via e-Government. Here are the questions you need to know about interest-free loans for young people getting married…

What is Family and Youth Bank? How Will It Work?

Family and Youth Bank is a new social support project shared with the public by President Recep Tayyip Erdoğan. The bank will be created by representatives from the Ministry of Treasury and Finance, the Ministry of Family and Social Policies and the Ministry of Youth and Sports and will operate like a fund.

The aim of the bank is to strengthen the family institution, encourage young people to marry and provide economic support to young people.

The bank will use a portion of the state's share of mining, natural gas and oil revenues. The share transferred to the fund may be increased depending on the projects to be implemented.

How will interest-free loans be given to young people who will get married?

The first product of the Family and Youth Bank will be a loan package for young people. An interest-free loan of 150 thousand lira will be given to newlyweds, with no payment for the first two years and repayment in 5 years.

Young people who want to benefit from the loan will apply via e-Government. The application requirements are as follows:

  • For the loan package, priority will be given to citizens living in the earthquake zone.
  • When determining the loan amount, people's income status will be taken into account.
  • The valid age limit will be announced later.

What are Interest-Free Loan Applications? ZamWill the moment begin?

The draft text of the bill regarding the Family and Youth Bank has been prepared and will be brought to the agenda of the Parliament next week.

After the bill is passed by the Parliament, interest-free loan applications will begin.

The application date has not been determined yet, but it is coming soon. zamIt is expected to be announced soon.

What should young people who want to get an interest-free loan pay attention to?

Some points that young people who want to get an interest-free loan should pay attention to are:

  • Having or able to have a regular income to repay the loan.
  • Before taking out the loan, make a budget plan compatible with the person you will marry.
  • Using the loan for basic needs such as wedding expenses, white goods and furniture.
  • Not using the loan for unnecessary expenses or debt repayment.