Loans Interest Rates
Personal Loan Interest Rates at İktisatbank
Use the table below to review our bank’s loan interest rates for loans denominated in Turkish Lira (TL), US Dollars (USD), Pound Sterling (GBP), or Euro (EUR). Applicants must reside in North Cyprus. The maximum term for Personal Loans and Car Loans is 72 months, while the term for Property Loans may extend up to 120 months.
You can use the Loan Calculator by entering the loan amount to calculate the interest rate and monthly instalment.
You can apply by completing the Loan Application Form available on our website.
The table shows personal loan interest rates for the TRNC.
| Campaign Name | 1-12 | 13-36 | 37-72 | 73-120 |
|---|---|---|---|---|
| Personal Loan | 4.42 | 4.67 | 5.00 | |
| Car Loan | 4.25 | 4.67 | 5.00 | |
| Mortgage | 4.25 | 4.67 | 5.00 | 5.25 |
| Campaign Name | 1-12 | 13-36 | 37-72 | 73-120 |
|---|---|---|---|---|
| Personal Loan | 0.75 | 0.83 | 0.92 | |
| Car Loan | 0.75 | 0.83 | 0.92 | |
| Mortgage | 0.75 | 0.83 | 0.92 | 1.00 |
| Campaign Name | 1-12 | 13-36 | 37-72 | 73-120 |
|---|---|---|---|---|
| Personal Loan | 0.75 | 0.83 | 0.92 | |
| Car Loan | 0.75 | 0.83 | 0.92 | |
| Mortgage | 0.75 | 0.83 | 0.92 | 1.00 |
| Campaign Name | 1-12 | 13-36 | 37-72 | 73-120 |
|---|---|---|---|---|
| Personal Loan | 0.75 | 0.83 | 0.92 | |
| Car Loan | 0.75 | 0.83 | 0.92 | |
| Mortgage | 0.75 | 0.83 | 0.92 | 1.00 |
Frequently Asked Questions About Loan Interest Rates
What Determines Interest Rates?
- Central Bank: Sets policy rates and regulatory limits.
- Bank Costs: Banks’ cost of funds and operating expenses are taken into account.
- Risk Profile: A customer’s loan repayment history and income may affect the offer.
Are Interest Rates Fixed or Variable?
All personal loans obtained from Kıbrıs İktisat Bankası Ltd. remain at a fixed interest rate throughout the repayment period.
Are Foreign Currency Loans More Advantageous?
The monthly interest rates on foreign currency loans such as USD, EUR, and GBP are nominally lower than those on TL loans, but foreign currency loans carry exchange-rate risk. It is important to consider the currency of your income when deciding which option is right for you.