Government support loans have brought unexpected costs to citizens.
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According to Sözcü Gazetesi, support loans obtained from the government have created a heavy financial burden on citizens contrary to their expected benefits. Complaints have increased regarding the loan repayment terms and interest rates.
According to reports, some businesses and individuals have found themselves unable to repay their loan debts. These credits, presented as economic support, are assessed to have actually deepened the borrowing spiral.
The government's economic support loans have pushed citizens and businesses into a debt spiral due to high interest rates and heavy repayment conditions. Many borrowers have become unable to pay instalments, and experts point to an imbalance between the design and implementation of the loans.
Those who received support loans are facing financial difficulties with increasing monthly debt instalments, while those considering taking such loans must see how high the borrowing risk is. As expectations for support from authorities rise among those experiencing repayment difficulties, solutions such as restructuring or deferment remain uncertain.