A few days ago the state of Turkey Ziraat Bankası bank lowered the rate on a mortgage loan in Turkish lira to 1%. The property market in Turkey is waiting for another increase.
We’ll tell you about the new rates in some of the leading banks in Turkey.
The Ziraat Bank rate on mortgages in lire for a period of up to 2 years — 9.8% per year, for up to 5 years — 10.8%, for a period of up to 10 years — 11.4%
Foreign nationals can not take out a loan on a property in Turkey in the state bank, but easy to make out a mortgage in any private bank in Turkey.
For example, a bank TEB rates in lira fell the most by 0.99%. Loan of up to three years will cost you 12.4% per year, for a period of more than three years — 12.7%.
Deniz bank offers the following rates: up to 5 years — 10.8%. Over 5 years — 12%.
The Akbank and Finansbank for a loan up to 10 years, the rate — 10.8% .
Remember that on a mortgage rate in dollars or euros for a period of up to 10 years — 7.2%