What are the conditions of the marriage loan? Detail of 150 thousand TL for marriage loan…
Couples preparing for marriage have their eyes and ears on the marriage loan they will be granted. The marriage loan, which is expected to be presented to Parliament soon, will be granted with a grace period of 2 years, 48 months and 150,000 lira without interest. The Family and Youth Bank announced that it will launch a pilot project in the earthquake zone for marriage loans, which is also expected to impose an age requirement.
WHAT IS A MARRIAGE LOAN, WHAT ARE THE CONDITIONS?
President Erdogan talked about marriage loans in his recent statement;
“We have completed our projects aimed at financially supporting young people getting married and building their marriages on stronger foundations. In the next period we will submit the bill on the Family and Youth Bank to the discretion of our Parliament. We will transfer part of the state revenues from natural gas, oil and mines here. First, we will implement pilot projects for families and youth and then scale them up. We will offer interest-free loans to newlywed couples. “We will launch this application of the Family and Youth Bank as a pilot project in the earthquake zone.”
WILL THERE BE AN AGE LIMIT?
Speaking about the Family and Youth Bank project, announced by President Recep Tayyip Erdoğan and which will be created to provide marriage loans to young people, Minister Göktaş said: “We are starting it as a pilot project for the earthquake zone . Then we will expand it. It was the good news our young people were waiting for. It is at the discretion of Parliament, but we will implement it as soon as possible. We have created all the criteria, the infrastructure is ready. Like between 18 and 27 years old, but all this will be discussed in Parliament. There is an income criterion, there is an age criterion. Like not being involved in certain crimes and living in a seismic zone. Anyone who meets these criteria will be able to benefit from it. We will provide support with a grace period of 4 years and zero interest. So we need to issue regulations. The reason we started from the pilot area is to support our youth in the earthquake zone. Be a moral motivation to get there. The ball is in Parliament, we have completed all our work. “We hope it will be implemented before the new year,” he said.
HOW MUCH DOES MARRIAGE CREDIT COST?
The marriage loan, which was part of the election promises, is stated in the statement as follows: “Newly married couples will receive an interest-free marriage loan of 150,000 lira with a maturity of 48 months and a grace period of 2 years “
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
