What is Family and Youth Bank? ZamWill it be established? How to Get a Marriage Loan?

Citizens waiting for a marriage loan can find out what the Family and Youth Bank can do. zamHe wonders if it will be established. President Erdoğan announced the details of the Family and Youth Bank project, which he announced as an election promise. Accordingly, the bank, which will offer interest-free loans to newly married couples, will initially provide services to young people in the earthquake zone. So, what is the Family and Youth Bank? Has the Family and Youth Bank been established? How to get a marriage loan? Here are the answers to frequently asked questions.

What is Family and Youth Bank?

Family and Youth Bank came to the agenda as a project that the AK Party promised before the election. According to this project, it is aimed to support young people who will get married economically and to build their marriages on stronger foundations. Family and Youth Bank will offer interest-free loans to newly married couples. In addition, the bank will use a certain part of the state revenues obtained from natural gas, oil and mines as income.

Has the Family and Youth Bank been Established?

The Family and Youth Bank has not been established yet, but President Erdoğan announced in his speech on September 26 that the work on the project has been completed and the bill will be submitted to the parliament soon. Erdoğan said, “One of the promises we made to our nation during the election period was the establishment of the Family and Youth Bank. We have completed our work on our project, which aims to support young people who are about to get married economically and build their marriages on stronger foundations. "In the coming days, together with our partners in the People's Alliance, we will submit the bill on the Family and Youth Bank to the discretion of our Parliament." said.

What is Family and Youth Bank? ZamWill it be established?

What is Family and Youth Bank? zamIt is not yet clear when it will be established, but according to President Erdoğan's statement, an official announcement is expected to be made in the coming months. Erdoğan said that they will first implement pilot projects for families and young people until the bank's income is established, and then expand them.

How to Get a Marriage Loan?

Citizens who want to get a marriage loan have to wait for the establishment of the Family and Youth Bank. However, after the bank is established, there will be some conditions for obtaining a marriage loan. One of these is living in an earthquake zone. President Erdoğan announced that they will start this application in the earthquake zone as a pilot project until the Family and Youth Bank revenues are established. This means that the first condition for getting a marriage loan will be to reside in a province in an earthquake zone.

Other conditions for obtaining a marriage loan have not been announced yet, but detailed information is expected to be shared with the establishment of the bank. Citizens who want to get a marriage loan are recommended to follow the bank's official website and social media accounts.