Interest Rates & Transaction Fees

INTEREST RATES
TRANSACTION FEES

INTEREST RATES

Time Deposit Rates

Time Deposit Rates valid at our bank from 17.12.2024	Months	TL () %	USD ($) %	EUR (€) %	GBP (£) %
	1	38,00	0,80	0,30	1,40
	3	37,00	1,00	0,40	1,60
	6	36,00	1,20	0,70	1,80
	12	34,00	1,70	1,20	2,20

“Real Persons Savings" refers to the deposits belonging to real persons with such title, and to the deposits of funds and organizations opened under this name by real persons which are not subject to commercial transactions and created under the law and/or declared to be a charity organization by the Council of Ministers under TRNC regulations.

Your "Real Persons Savings" are subject to such regulations at our bank and are protected by the Real Persons Savings’ Insurance and Financial Stability Fund (Tasarruf Mevduatı Sigortası ve Finansal İstikrar Fonu). The Central Bank can determine the deposit amount covered by the Fund for each account, given that it is no less than 20.000.-€ (Twenty Thousand Euros) or an equivalent currency.

Our bank does not have any branches overseas. In addition, our bank does not accept deposits or participation funds from those residing in TRNC or overseas on behalf of overseas banks and/or financial establishments.

Personal Loan Interest Rates

Personal Loan Interest Rates (Valid from 8 October 2024)

Loan Type	Currency	Term	Fixed Interest Rate	Variable Interest Rate
Personal Overdraft Account	TL	-	-	TLREF + 30,00%
	EUR	-	-	STR + 8,00%
	GBP	-	-	SONIA + 8,50%
	USD	-	-	SOFR + 7,50%

Personal Installment Loan	TL	12 months	67%	TLREF + 35%
		24 months	69%	TLREF + 37%
		36 months	71%	TLREF + 39%
		48 months	-	TLREF + 41%
		60 months	-	TLREF + 43%
		72 months	-	TLREF + 45%
	EUR	Up to 72 months	11%	STR + 15%
	GBP	Up to 72 months	11%	SONIA + 15%
	USD	Up to 72 months	11%	SOFR + 15%

Corporate Loan Interest Rates

Corporate Loan Interest Rates (Valid from 8 October 2024)

Loan Type	Currency	Term	Fixed Interest Rate	Variable Interest Rate
Corporate Overdraft Account	TL	-	-	65%
	EUR	-	-	8%
	GBP	-	-	9%
	USD	-	-	8%

Corporate Installment Loan	TL	12 months	65%	-
		24 months	67%	-
		36 months	69%	-
		48 months	-	-
		60 months	-	-
		72 months	-	-
	EUR	Up to 72 months	10%	-
	GBP	Up to 72 months	10%	-
	USD	Up to 72 months	10%	-

TRANSACTION FEES

Chequebooks

Chequebooks
10 Leaflet Chequebook		150 TL + BITT
20 Leaflet Chequebook		300 TL + BITT
40 Leaflet Chequebook		500 TL + BITT
Incoming Returned Cheque Fee (Cheques belonging to other banks that have been returned in exchange)		100 TL + BITT
Outgoing Returned Cheque Fee (Cheques belonging to other banks that have been returned in exchange)		200 TL + BITT
Forward Dated Cheques Investigation Commission (Up to 10 cheques)		100 TL + BITT
Forward Dated Cheques Investigation Commission (Over 10 cheques)		250 TL + BITT

Accounting Fees

Accounting Fee*			BITT 3%	TOTAL
	Personal Accounts	350	10,5	360,5
	Commercial Accounts	500	15	515
	Student Accounts	150	4,5	154,5

* In foreign currency accounts, this is collected in the form of 80 TL + BITT calculated from the bank’s buying rate for that day.

EÖS Domestic Bank Transfer Fees

TL	0 - 12,000	12,001 - 300,000	300,001 and above
All Transactions	24	%0,20	600
Internet Banking	6	%0,05 (Maximum 10 TL)	10

USD, EUR, GBP	0 - 2,000	2,001 - 50,000	50,001 and above
All Transactions	4	%0,20	100
Internet Banking	1	3	5

* BITT (Banking and Insurance Transaction Tax) is collected in addition to all other commissions and fees at rates determined by the TRNC Government.

Incoming Overseas Bank Transfer Fees

TL	0 - 50,000	50,001 - 500,000	500,001 and above
All Transactions	20	40	100

USD ($)	0 - 10,000	10,001 - 100,000	100,001 and above
All Transactions	10	15	70

EUR (€)	0 - 10,000	10,001 and above
All Transactions	10	15

GBP (£)	0 - 10,000	10,001 and above
All Transactions	10	30

JPY
All Transactions	Not Applicable

* BITT (Banking and Insurance Transaction Tax) is collected in addition to all other commissions and fees at rates determined by the TRNC Government.

Overseas Bank Transfer Fees

TL	0 - 50,000	50,001 - 500,000	500,001 and above
Transfers from branches	100	150	350
Internet Banking	30	90	200

USD ($)	0 - 10,000	10,001 - 100,000	100,001 and above
Transfers from branches	90	250	400
Internet Banking	40	100	200

EUR (€)	0 - 10,000	10,001 and above
Transfers from branches	140	250
Internet Banking	50	150

GBP (£)	0 - 10,000	10,001 and above
Transfers from branches	120	200
Internet Banking	40	100

JPY
All Transactions	150 GBP

* BITT (Banking and Insurance Transaction Tax) is collected in addition to all other commissions and fees at rates determined by the TRNC Government.

**Transaction alterations/cancellations/query swift messages etc. will incur a 750 TL and 90 USD/EUR/GBP fee depending on the transfer currency.

Overseas NovaBank Cheque Commissions

TL	USD	GBP	EUR
100 + BITT	15 + BITT	15 + BITT	15 + BITT

* BITT (Banking and Insurance Transaction Tax) is collected in addition to all other commissions and fees at rates determined by the TRNC Government.

Other Banks’ Overseas Cheque Collection Commissions

Collection Commission for Cheques from Banks in Turkey	Collection Commission for Cheques from Overseas Banks
300 TL + BITT (No additional stamp fee)	Cheque Collection Commission	Cheque Stamp Fee
	3,00 + BITT of the cheque amount (Minimum 25 USD/EUR/GBP +BITT)	200 TL + BITT

* BITT (Banking and Insurance Transaction Tax) is collected in addition to all other commissions and fees at rates determined by the TRNC Government.

Commision of the Bank (Bank Draft)

TL	USD	GBP	EUR
300 + BITT	20 + BITT	20 + BITT	20 + BITT

* BITT (Banking and Insurance Transaction Tax) is collected in addition to all other commissions and fees at rates determined by the TRNC Government.

Contracted Merchants and Card Fees

Banking Operations	Fees
Merchant Service Fee (monthly)	300 TL + BSİV
Inefficient POS Fee (monthly)	250 TL + BSİV
POS SIM Card Fee (monthly)	20 TL + BSİV
Cardplus Classic Credit Card Annual Fee	400 TL + BSİV
Cardplus Gold Credit Card Annual Fee	500 TL + BSİV
Cardplus Business Credit Card Annual Fee	600 TL + BSİV
Cardplus Debit Card Annual Fee	Free of Charge

Card Interest and Commission Rates

TRANSACTION	FEE	COMMISSION
Domestic Cash Advance	5 TL	4,63%
Overseas Cash Advance	5 USD	1,03%
Interest Rate		4,63%
Late Payment Interest Rate (TL)		5,13%
Cash Advance Fee		4,63%
Contractual Interest Rate (TL)		4,63%
Contractual Interest Rate (USD, EUR, GBP)		1,03%
Late Payment Interest Rate (USD, EUR, GBP)		1,03%

POS Commission Rates

CUSTOMER TYPE	ONUS COMMISSION	NOT ONUS COMMISSION	NOT ONUS OVERSEAS COMMISSION	ONUS FORWARD DENOMINATION DURATION	NOT ONUS FORWARD DENOMINATION DURATION	NOT ONUS OVERSEAS FORWARD DENOMINATION DURATION
Payment on next working day	4,10	4,10	4,40	0	0	0
Forward Denomination + Commission Group 1	3,30	3,30	3,90	7	7	7
Forward Denomination + Commission Group 2	2,40	2,40	4,00	14	14	14
Forward Denomination + No Commission	0,00	0,00	0,00	29	29	34

Loans Operation Fees

Loans Operation Fees
		Commission Rate	Minimum Commission Fee
Loan Opening Commission Rate		2 %	1000 TL
Opening Commission Rate on Loans with 100% Blocked Cash		1 %	1000 TL

Vehicle Appraisal Commission	300 TL + BITT
Real Estate Appraisal Commission	1500 TL + BITT
Mortgage Cancellation Fee	1000 TL + BITT
Vehicle Mortgage Cancellation Fee	500 TL + BITT
Operation Fee/Accounting Fee on Personal Accounts	350 TL + BITT
Operation Fee/Accounting Fee on Commercial Accounts	500 TL + BITT
Operation Fee/Accounting Fee on Students Accounts	300 TL + BITT
Cost of Documents Prepared by Branches (Excluding Debt Notifications)	300 TL + BITT
Interest rate and/or limit change notification	300 TL + BITT
Cost of All Types of Notices and Stamps	200 TL + BITT
Lawyer Notice Fee	200 TL + BITT
Cost of Documents Prepared by General Management	100 TL + BITT

Consumer Loans Stamp Duty

Document		Stamp Duty
Banking Services Contract		91 TL
Original Debt Bond (Portion which is up to 48,300,000 TL)		0,5%
Original Debt Bond (Portion which is above 48,300,000 TL)		0,1%
Block Form		18,30 TL
Letter Off Set-Off		18,30 TL
Guarantee Declaration Form		18,30 TL
Pledge Agreement		18,30 TL
Mortgage Agreement		18,30 TL
Change of Guarantee Declaration Form		18,30 TL
Customer information form on foreign currency loans		18,30 TL
Payment and Transfer Instruction		18,30 TL
Cheque Undertaking		18,30 TL
Original Mortgage (Portion which is up to 48,300,000 TL)		0,5%
Original Mortgage (Portion which is above 48,300,000 TL)		0,1%
Mortgage Copy		18,30 TL
Undertaking (Including the risk investigation form)		91 TL