Pensioners continue to see improvements in their benefits in the new year. After progress on the EYT law, the 3600 additional indicator adjustment and the pension increases implemented in 2023, many retirees have felt some relief. However, rising inflation in recent months has continued to drive overall cost-of-living pressures.
As living costs rise, cash-flow challenges have affected many retirees, prompting banks to announce loan opportunities with favorable interest rates. Under a new campaign announced by TEB, retirees facing short-term liquidity needs are expected to find solutions through lower interest rates and flexible repayment terms.
SPECIAL LOAN OFFER FOR RETIREES FROM TEB
The loan campaign covers all SGK pensioners who receive their pension from TEB or who transfer their pension to TEB. The offer includes attractive terms, low interest and manageable repayment plans. For loans between 50,001 TL and 100,000 TL, the maximum term is 24 months; for amounts of 100,000 TL and above, the maximum term is 12 months. Including any deferred period, the total loan term can be up to 36 months.
Under the retiree-specific personal loan campaign, interest rates and repayment terms vary based on the customer. Rates and terms may be set according to the Findeks credit score. Pensioners who transfer their salary to TEB or already receive it there can benefit from favorable consumer loan conditions and flexible payment options.
TEB RETIREE CONSUMER LOAN RATES
TEB applies preferential rates for its veteran consumer loan campaign. According to an example calculation, a 10,000 TL consumer loan repaid over 36 months results in a monthly installment of approximately 409 TL. In that example scenario, the effective monthly interest rate is shown as 1.61%.
HOW TO APPLY FOR A TEB RETIREE CONSUMER LOAN
Retirees can apply for this dedicated loan through TEB branches or via TEB’s digital channels. Applications via digital channels can be completed in minutes. The loan remains available with competitive terms to those who transfer their SGK pension to TEB or who already receive their pension there, providing affordable repayment plans and convenient approval processes.