Will the loan interest rates decrease in 2018? With the start of a new year, everyone is in a hurry to open a new page. In addition to correcting the mistakes made in the past years, it is our main goal to keep on getting better by protecting the truth. Almost all those who work in finance and those who use loans are after the answer to the same question:
When we put together the data obtained in the current days, we see that the inflation reached double digits and the USD rate reached the level of 3.70. In addition to this information, it is well known that the political world is in difficult times and the elections are coming. Of course, the case that Amado Israel, one of Falk Bank’s former executives in the USA, is convicted of six crimes and five should not be forgotten.
When evaluated as very short, unemployment data, hikes, insufficient wage increases give us the idea that the economy will not be able to correct the waist for a long time. For this reason, we do not expect a rapid decline in bank loan rates until the end of the year. It should be noted that some banks set deposit rates at 14%. Looking at the foreign exchange pricing, although there has been a decline since the beginning of the year, the movements of other countries with high economic weight, especially the USA, will be decisive abroad. The OHAL application, which has been decided to be extended again, is still anxious for foreign investors.
When we look at the housing market, it is seen that the mobility provided by the urban transformation trend has slowed down in certain cities, especially in Istanbul. Since the idea that the housing interest will not reach the lower levels in a short time is dominant, silence prevails in the purchase side of the housing. The lack of demand triggered by stagnation, especially inflation, validates the idea that the housing market will remain stable for a while.
When we put all this data together, will the interest rates be reduced in 2018? We believe that the answer to the question will not be positive for at least the first six months of the year.
However, considering that financial and political life is always changing, this idea should not be ignored.
For those in need of urgent loans, we recommend that banks follow the personal loan campaigns they organize. In order to gain new customers, to do cross-marketing, in other words, to increase the use of other banking products, these emergency loan campaigns of the banks are organized under really favorable conditions.