MORTGAGES

Secure a mortgage on your Turkish Property.

Make your dreams come true by borrowing a home loan available for reasonable maturity terms and interest rates.

DenizBank Home Loan provides the following advantages:

• It can be repaid within a term up to 20 years for the loans
• It can be repaid in equal instalments at a fixed interest rate;
• Repayment due dates can be selected by the borrower, provided that it should fall on any of the 45 days following the loan utilization date.
  Application forms and the necessary documents for a home loan are available at request.
• If you are interested in buying an off-plan property the mortgage can be applied for 5 months before completion.

Documents necessary to apply for DenizBank Home Loan:

• Retail Banking Loan Application Form – Letsgototurkey will arrange.
• Original or copy of the national identity card, driver’s license or passport of the applicant and his/her guarantor.
• Certificate of residence – Letsgototurkey will arrange.
• Proof of income: If the applicant is an employee, his/her salary payroll or a letter issued by his/her employer (in the latter case, a certificate of authorization issued to the signatory of the said letter, the taxpayer registration certificate for the employer, and statements submitted to Social Security Agency for the employee in the last 4 months). If the applicant is self-employed or a merchant, the taxpayer registration certificate for the last 3 years.
• A copy of the title-deed of the property to be purchased - Sun real estate will arrange.

Costs

• Life insurance 390 euro approx per year (40 year old person)
• Property insurance 270 euro approx.
• Surveyor Fees 242 euro approx.
• Credit commission 1.5%

The current interest rate applicable for a home loan is 0.58% per month which equates to 6.9%APR
There is another option for the APR to be reduced.
A deposit to the bank can be paid between 5000 euro and 12000 euro, this then depreciates the mortgage tp 0.45% per month 5.8%APR.

How it works:

• Decide on the property (must be within completion 5 months or completed)
• All the administration required in Turkey will be organised and arranged by us
• All the relevant paperwork required from your country you will need to bring to Turkey
• With the relevant paperwork and bank application you will go to the bank along with the support of our customer service manager
• After the bank’s positive decision, you will pay 35% to our company.
• The bank then releases the remainder 65% of the mortgage after all the related paperwork is completed, which take approx. 3 – 4 months
• The repayments start once the funds have been released.

     DenizBank Home Loan is limited with maximum 65% of the value of the property to be purchased as assessed by an expert for indexing to a foreign currency, no general maximum limit is applicable.