The Republic of Turkey is quite active in providing loans to a foreigner to buy a home. Well, still, because the apartment is mortgaged, and if the new owner does not pay on the loan, then this apartment will be withdrawn, the procedure for the sale of the mortgaged property will open. In my opinion, the courts often accept the position of the bank, and it is not really worth expecting that the judge will take pity on the sale of real estate.
Yes, I’ll scare you a little, because it’s very sad to see how, at times, negligent attitude towards the repayment of current payments, the buyer loses colossal amounts.
So, credit is not jam on crispy ciabatta with butter. This is a serious step and the way to it must be carefully thought out.
Banks give loans to a foreigner to buy a home for a period of 5 or 10 years. The payment plan will, of course, be provided to you. If there is a delay in payments for more than 3 months, for no matter what reasons, the bank will launch the property sale procedure. In this case, it is extremely important to support the broker here on the spot, when you do not live in Turkey, in order to help you pay the loan on time. After all, we have already seen how borders are closed, how transfers are blocked, how intermediary banks detain money, as well as how banks “trick”, throwing the received amounts not into your account, but into the keg of “unidentified” ones so that you rush to look for them, and during this time, they are at the bank, as it were, you know what I mean?
Interest for today (07/27/2021) in Deniz Bank is:
For a loan in lira, 1.68% per month or 20.16% per year.
For a loan in dollars 1.25% per month or 15% per year.
For a loan in euros 1.15% per month or 13.8% per year.
Early repayment is provided, the penalty is not tangible for this.
The term for consideration of an application for a loan, on average 1 week.
We fully accompany our clients at all stages of loan processing. Work with us!
