Among banks that provide consumer loans with a 60-month term , there are private banks as well as state banks. There are banks that people who want to get a general purpose loan, but who want to pay their installments in long terms, can apply. Many of the banks can offer a 60-month maturity option for consumer loans.
How to Apply 60 Months Term Requirement Loan?
One of the channels of application methods of general purpose loan for 60 months is bank branches.
Those who want to get a general purpose loan can take their application forms, identity documents and income documents, and go to the bank branches and make their applications. They can apply for loans to retirees, public employees, private sector employees, salary customers, students and students with a 60-month term.
What is consumer loan interest rate?
Consumer loan interest rate changes according to the number of loans and maturities. The lowest interest rate of this loan, which can be withdrawn up to 100 thousand dollars, is 1.89%. While this interest is 1.99% for 25 thousand dollars, interest rate can increase up to 2.04% for 15 thousand dollars. 60-month consumer loan application can also be made through the website. This requires the following information:
- Personal information,
- Credit information,
- How it works and income information.
In case the bank gives approval after completing this application form, the application should be completed with the required documents along with the bank branches.
How Can I Pay 60 Months Loan?
Bank offers different options to its customers for 60-month loan payments. Bank provides consumer loans up to 90 thousand dollars with a maturity of 60 months. The bank is given the opportunity to postpone payment for this loan to its customers. Those who wish can benefit from 1-month, 2-month or 3-month deferment campaign. In addition, it can choose different options for installment payments. These options are as follows:
- With monthly installments,
- With increasing installment,
- With decreasing installment,
- Equal installments every 3 months,
- Balloon payment in the last installment,
- Variable installment.
If the persons who will apply for a loan cannot decide which payment plan is more suitable for him, they can contact the bank’s customer representatives and request support on this matter.