Personal Loan

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İktisatbank Personal Loan

İktisatbank Personal Loan is With You for All Your Needs

For your personal needs, the fastest solution is an İktisatbank Personal Loan. Whether it is an unexpected expense, a family holiday, your children's education costs, or a new home appliance, whatever your need, we are here for you with low-interest, flexible-term personal loan options in TL or foreign currency in the TRNC.

Personal Loan Application Steps

  • Calculate your instalment. Use our Loan Calculator to see your monthly instalment based on the amount and term you need.
  • Submit your application. Complete the Loan Application Form on our website or visit your nearest İktisatbank branch.
  • Complete your documents. Our customer representative will contact you and guide you through the required steps.
  • Use your loan. Once your application is approved, the loan amount will be transferred to your account.

Before applying, visit our Loan Interest Rates page for the latest rates.
For detailed information, call Telephone Banking on +90(392)444-4444.

Personal Loan Calculation Details

  • A one-time loan allocation fee is charged when the loan is disbursed. This fee is calculated as 2% of the disbursed loan amount, plus 3% Banking and Insurance Transactions Tax on the fee.
  • Stamp duty of 0.5% is charged on the total loan amount stated in the loan agreement.
  • Insurance premiums are not included in the annual percentage cost calculations. If insurance is taken out, the annual percentage cost including insurance will be stated in the Consumer Loans Pre-Contractual Information Form provided before the loan is used.
  • The instalment amount includes interest, principal, and taxes. A 3% Banking and Insurance Transactions Tax (BITT) is charged on the interest amount.
  • The bank reserves the right to assess the loan application and change the interest rate.

Frequently Asked Questions About Personal Loans

Anyone aged 18 or over who has proof of income and resides in the TRNC can apply.
  • Identity card or passport.
  • Proof of residence in the TRNC or a water/electricity bill in your name.
  • Proof of income (such as a payslip).
You can take out a Personal Loan from Kıbrıs İktisat Bankası Ltd. with repayment terms of up to 72 months.
You can take out your preferred loan amount in Turkish Lira (TL), US Dollars (USD), Pound Sterling (GBP), or Euro (EUR).
  • Using Internet Banking or Mobile Banking,
  • Using ATMs located throughout North Cyprus,
  • By visiting your nearest İktisatbank branch.

You can use any of these channels to make your Personal Loan payment.

Customers who want their instalments to be paid automatically on the due date can set up an automatic payment instruction from their account at a branch.