2019 Civil Servant Marriage Loan is available to anyone who needs financial support for wedding expenses. Banks offer tailored loan products for certain professions and often run attractive campaigns during specific periods. Marriage loans offered by banks in 2019 were presented to couples getting married with competitive interest rates and flexible repayment options. In addition to dedicated marriage loans, couples can also finance wedding costs by applying for personal loans with favorable interest rates.
In our country, the most important factors in a bank’s loan decision are the applicant’s income and credit score. The income security of civil servants makes banks more willing to grant loans to them. If a civil servant’s credit record is in good standing, they generally have an easier time obtaining the loan they request. By choosing the most suitable option among the 2019 marriage loan products, you can ease the financial side of the wedding process.
What Is Yapı Kredi Marriage Loan and How to Apply?
Yapı Kredi’s marriage loan is available to anyone with verifiable and regular income. This loan can be used to cover wedding-related expenses. As one of the most affordable marriage loan options, Yapı Kredi’s product is available from a minimum of 1,000 TL up to 75,000 TL. You can benefit from terms up to 48 months and competitive interest rates. Ways to apply for this loan include:
- If you are a Yapı Kredi customer, you can apply through the internet branch, mobile branch or Nuovo internet banking.
- Visit the official Yapı Kredi website and click ‘apply now’ to submit your application.
- Apply in person at Yapı Kredi branches.
- Use Yapı Kredi phone banking at 444 0 444 or 0850 222 0 444 to complete your application.
- Applications by SMS are also possible. To apply by SMS, send the credit type, your Turkish ID number and monthly net income separated by spaces to 4411. An example SMS would be ‘BIREYSEL 18912343211 2500’.
When applying for Yapı Kredi’s marriage loan, you will need to provide certain documents. These typically include:
- Original and copy of identity card (for the applicant and any guarantor)
- Proof of income (for the applicant and any guarantor)
- Copy of pension booklet for retired applicants
- Current tax registration for self-employed applicants
- Residence certificate
- If no residence certificate is available, a fixed utility bill from the last three months (electricity, water, phone, natural gas, etc.)
- Documents showing additional income, if any
- Title deed or rental contract for rental income
- Documents proving additional employment, if applicable
What Is Akbank Wedding Loan and How to Apply?
Akbank offers a fee-free wedding loan that you can apply for easily. This product, designed for newly engaged couples, provides financial support for wedding and preparation expenses. The loan is available with terms up to 36 months and can cover wedding expenses up to 75,000 TL. Documents typically required for the application are:
- Original and copy of identity card or driver’s license
- Residence certificate
- Income documentation
What Is Garanti Bank Marriage Loan and How to Apply?
In 2019 Garanti Bank had not launched a new campaign specifically labeled as a marriage loan. However, you can apply for a personal loan to cover wedding expenses with terms up to 60 months and interest rates starting from 1.99%. You can apply with your identity card and proof of income. For wedding-related needs up to 50,000 TL, you can submit your application via:
- Garanti internet branch by selecting Application – Loan – Personal Loan.
- Garanti mobile branch by following Applications – Loan Application.
- Calling the Alo Garanti hotline at 444 0 335.
- Visiting the nearest Garanti branch in person.
- Using the official Garanti website and clicking the ‘Apply Now’ option.
What State Supports Are Available to Newlyweds?
State support for newlyweds continued in 2019 as it had in previous years. For couples who have saved in home or dowry accounts, a revaluation rate of 23.73% was applied for 2019. Couples who contributed to these accounts and met the conditions could receive up to 68,558 TL in state support when they married.
State-supported marriage financing through dowry and housing accounts offers significant advantages for couples preparing to marry. Having a dowry account can also make it easier to obtain a loan from the same bank. Some of the conditions for a dowry account are:
- The dowry account must have been opened before the account holder turns 24.
- Payments in the plan must not be missed more than three times.
- The state contribution is calculated based on the balance at the marriage date.
- The marriage must occur before the account holder turns 27.
Some conditions for the housing account are as follows:
- To qualify for the state contribution, regular payments must be made for three years following account opening.
- As of April 2015, the account holder must not already own a property fully in their name to benefit from the contribution.
- If the account is opened for someone under 18, the legal guardian or custodian must open it on their behalf.
What Is Ziraat Bank Dowry Account and How Much Is the State Contribution?
Ziraat Bank’s dowry account brings advantages to prospective brides and grooms who save before marriage. Dowry account holders who save for three years and marry before turning 27 may receive a state contribution equal to 25% of their accumulated savings, in addition to interest earnings on their savings. Conditions to qualify for the state-supported dowry contribution include:
- Applicants must be Turkish citizens or fall under Article 28 of Law No. 5901, be under 24 years old when they open the account, and not have been previously married.
- At least three years of regular payments into the dowry account are required to qualify for the contribution.
- Those who marry for the first time before age 27 must apply within six months of the marriage to receive the contribution.
- Payments must be made regularly to be eligible for the state contribution.
- Individuals older than 18 can open a dowry account themselves; for those under 18, a parent or guardian must open the account.
Features of the dowry account include:
- The state’s contribution varies based on payments made but does not exceed 25% of the account balance.
- The monthly minimum payment is set at 155.26 TL and the maximum at 1,552.65 TL.
- For quarterly payments, the minimum is 465.78 TL and the maximum is 4,657.95 TL.
- The one-time maximum deposit at account opening is 23,289.62 TL.
- These limits are adjusted annually according to the Tax Procedure Law and increase with the determined revaluation rate.
- Additional payments are allowed as long as they do not exceed the upper limit.
- Dowry accounts cannot be opened as joint accounts.
- Only Turkish Lira accounts are permitted for dowry accounts.
- Each individual may open a dowry account once, and accounts cannot be transferred to another bank.
- Account holders may withdraw funds twice a year provided the remaining balance does not fall below the minimum required payment amount.