June 2 (SeeNews) - State-owned Ziraat Bank, VakifBank [IST:VAKBN] and Halkbank [IST:HALKB] will support Turkey's post-coronavirus normalisation process by providing four new loan packages at lower interest rates, local media reported.
The three banks will extend loans to individual and corporate customers for new houses, vehicle purchases, locally manufactured goods and holiday expenses at interest rates below inflation, Daily Sabah reported on Monday.
The new house mortgages, with a maturity of up to 15 years, will have interest rates as low as 0.64% and a grace period of up to 12 months.
Consumer price inflation in Turkey slowed to 10.94% year-on-year in April, from 11.86% in March, Daily Sabah said, citing official figures.
Turkey is gradually easing restrictions on movement imposed to curb the coronavirus outbreak. On Monday, restaurants and cafes reopened and domestic flights and intercity car travel resumed.
The country has registered 164,769 coronavirus infections as of Tuesday, with the death toll reaching 4,563, Turkey's directorate of communications announced.