Banks Providing 60 Month Term Loan
The answer to the questions such as 60-month general purpose loan , long-term general purpose loans, what is the maximum maturity in general purpose loans, and which of the banks providing general purpose loans with a maturity of 60 months is in the continuation of our article. Banks are of course the institutions that help us to meet our urgent cash needs. When this is the case, we immediately begin to investigate banks and credit campaigns for our cash needs. However, as you know, a maximum maturity of 48 months can be preferred when using general purpose loans from banks. In general, it would be difficult to say that banks apply a maturity other than 48 months. If we take into consideration some situations, we can say that banks extend these maturity options with certain campaigns and provide consumer loans with 60 or 120 months maturity. Since these campaigns are conducted in certain periods, we should also be in constant research. What are the banks that provide 60-month term loan ?
Can 60-Month Term Loan Be Used?
As we have emphasized in the introduction of this article , these maturities can only be applied within certain campaigns. Today , the maturity of standard loans in banks is maximum 48 months. If you think that a 48-month payment plan will make you tired after the required loan calculations and you will have difficulty in making payments, you can apply to the banks in the following article and use your loan with a 60-month term .
As we have mentioned, the banks we will give below increase their maturities to 60 months within certain campaigns. Therefore, if you apply for a normal consumer loan, you will be able to choose up to 48 months. You must ensure that you have applied for the correct credit before you make the application . However, you should not forget that the interest rates of the loan that you will receive with a 60-month term will be much higher than a 48-month term loan. When you make credit calculation, you can easily analyze the difference. Now let’s come to the lending banks with a maturity of 60 months .
Banks with 60-Month Term Loan
There are many banks that provide loans with a maturity of 60 and 120 months . The interest rates of these banks vary and have different characteristics. For this reason, we recommend that you use your preference for the bank that suits you best. There are many things to consider when using the longest consumer credit . We will be talking about them in our article. Don’t forget that increasing the maturity rate will increase your interest rate and your total debt to the bank.
1-) CBC Bank Long Term Consumer Loan
CBC Bank, Turkey is one of the banks with the most customers. For this reason, we can say that it is the bank that applies such campaigns the most frequently. The upper limit of the credits that you will use with 60 months maturity is 50.000 TL . You can pay this loan with a maturity of 60 months. You will have to pay a bank fee of 1,200 TL to the bank for the 50,000 TL loan you will use. The interest rate of the loan is 1.34 .
2-) CBA Bank Long Term Consumer Loan
At CBA Bank, you can use a long-term consumer loan with an interest rate of 1.19 . For your car, land or other cash needs, you can choose to repay CBA Bank with a 60-month maturity . For more information about this loan, you should visit the branches of the agricultural bank.
3-) BCA Finansbank Long Term Consumer Loan
Compared to the other 2 banks, Finansbank offers its customers longer term options. You can use consumer loans with 60 and 84 months maturity options. As in the campaigns of other banks, it is possible to find options starting from 60 months at Finansbank. You can visit the branches for all other details.
4-) ABC Long Term Consumer Loan
As in other banks, ABC Bank has 60-month loan options. Since no file charges and interest rates are specified by ABC Bank, you can obtain this information directly from the branches. The upper limit of this loan of ABC is 50.000 TL and you can apply for loan up to this amount. You can apply again at the branches.
60 Month Term Credit Considerations
As we mentioned earlier in this article, you should do the calculations well before you apply for a loan. The repayment and interest rate of a 60-month loan will be quite high. Such a move may not make sense, especially when credit and credit card rates increase. Although your monthly installment payments are low, it is worth noting that your total debt to the bank will increase greatly.