Banks in the race to grab with EYT :
Promotion to the payee, credit to the borrowers, seniority assistance to the employer :
As the date when EYT members will receive their first salaries approaches, the promotion race between banks heats up. Some banks have also prepared an EYT support loan package under favorable terms for those who will not have enough premium days for retirement but will borrow. A support within the scope of EYT came to employers by the Ministry of Treasury and Finance. Who gives how much promotion? What are the loan terms? How will employers benefit from KGF-supported severance pay support? Here are all the details...
Banks in the race to grab with EYT:
The retirement of approximately 2.5 million people using EYT has whetted the appetite of the banks . While entering the race for salary promotion for EYT members, on the other hand, credit campaigns were started to be organized under favorable conditions for those who did not have enough premium days for retirement.
The banks, which previously entered the promotion race during the increase in their pensions, now organize attractive campaigns for EYT members. As the months of April and May, when EYT members will receive their first salaries, approach, banks are increasing their promotion promises.
THEY PAY 10 THOUSAND LIRA :
Banks promise promotions between 3,500 and 10 thousand liras, depending on the pension that EYT members will receive. In addition, the pensioner, who receives a salary of 10 thousand lira, even pays 10 thousand lira in cash if he carries his salary. In addition to the promotional payment, some banks also offer an extra bonus opportunity to the credit card with the opportunity of low-interest loans. In fact, some banks undertake to pay between 250 and 1,500 liras per invoice to retirees who carry their salary and guarantee to pay an invoice.
So, what to do to take advantage of high promotional fees? Retirees who will carry their pensions make a 3-year commitment to the bank they carry, and they cannot transfer their salaries to another bank in these three years. In return, they take advantage of the bank's promotional opportunities. When the three-year period expires, they either transfer their salaries to another bank or continue to receive their salaries with a new commitment, if the promotion opportunity of the bank from which they receive salary is more advantageous.
HOW WILL YOU BENEFIT ?
Those who will retire from EYT and receive their first salary; In the Social Security Institution (SGK) form, they can choose the bank from which they want to receive a salary. They can benefit from the pension promotion of the bank they choose. This can be done either through e-Government or SGK branches. If they are going to retire from the Pension Fund, they will give the name of the bank they want to receive salary from. Afterwards, you can complete the transaction on the website of the bank you choose, via the mobile application or by going to the branch. You can also change banks through the websites of banks.
"EYT LOAN"
Let's come to the EYT loans that banks have applied for the first time. As you know, those who are short of premium days can complete their premium days by making maternity and military service debts. Thus, they are entitled to retirement by benefiting from the EYT regulation. This year, with the minimum wage, the amount of borrowing has increased significantly.
Now, banks saw this as an opportunity and started to give loans on favorable terms for those who will retire by borrowing even though the premium day is not enough. They call it "EYT loan". In this context, banks give loans between 50 thousand and 125 thousand liras, and the costs vary between 1.48 percent and 3.19 percent, depending on the loan amount and the number of maturity.
In order for borrowers to benefit from the EYT loan, it is sufficient to submit the SSI registration and service statement showing the number of premium days and the insurance start date, the SGK premium debt letter and income certificate to the bank.
For example, if a female employee whose number of premium days is not enough wants to borrow money for a child, the premium she will pay to SGK over 720 days is 76 thousand TL. When an EYT loan is used to borrow a child, the monthly amount to be paid in 12 monthly installments is 7,168 TL.
Likewise, male employees who cannot retire from EYT due to insufficient number of bonus days; When they borrow for 18 months of military service with EYT loan, they will pay approximately 5,500 TL to the bank in 12 monthly installments for 57 thousand TL to be paid to SGK.
SENIORITY SUPPORT TO THE EMPLOYER :
In order for employers to pay the severance pay of EYT members who will retire, the Ministry of Treasury and Finance has commissioned the KGF-supported low-cost EYT loan. The EYT regulation created a severance pay burden on the employer. This burden is undertaken by the Ministry of Treasury and Finance. In this context, the employer will be offered a loan facility supported by the Credit Guarantee Fund (KGF). The loan will be low-interest, 36-month maturity and 6-month grace period. A limit of 50 billion TL has been set aside for this support. It is on the agenda that the loan amount will be deposited to the employee's account in return for severance pay, as well as to the employer's account.
Note: Loan amounts, interest rates, monthly payment amounts have been prepared by taking samples from different banks that give EYT loans. It may differ depending on the bank and the loan amount. Amounts include life insurance premiums and loan origination fees.
gif.gif)
