Signals that homebuyers dreaming of owning a house have been eagerly anticipating in terms of loan interest rates are finally emerging. While Halkbank is preparing a special housing loan package for newlyweds, Ziraat Bank has also announced its new housing loan product.

Following the interest rate cut by the Central Bank, updates on housing loans continue to arrive.

For those wishing to become homeowners after getting married, Halkbank offers a special housing loan for newlyweds, and Ziraat Bank has prepared a campaign with a housing loan product package.

APPLICATION REQUIREMENTS

To apply for Halkbank’s loan, it is required that neither spouse has reached the age of 35 at the time of application (not having turned 36 yet).

The applicant or spouse must not own or have shares in any immovable property and the official marriage date must not be more than 3 years ago.

Newly married young couples seeking to purchase their first home need to meet certain conditions to use the special housing loan that allows them to meet the financing they need with lower interest rates and flexible repayment conditions compared to other banks. Customers who will benefit from the loan must also meet some requirements such as opening an Open Account equal to the minimum installment amount, setting up at least three automatic payment instructions, having a Halkbank credit card or an approved credit card, obtaining Internet/Mobile/Dialog branch memberships, purchasing life insurance, DASK, home insurance from the bank, and additionally, defining at least three of the following products: BES, I Am Ready for Everything Personal Accident Insurance, Lifeguard Health Insurance, Critical Illness Insurance, Supplemental Health Insurance, Credit Unemployment Insurance, and having an Economical Banking Cost Package.

FLEXIBLE PAYMENT OPTIONS

For loan repayment, equal installment payments, flexible payments, and the opportunity to pay up to 3 months without payments are also offered.

INTEREST RATE IS 2.55%

The interest rate for housing loans has reached 2.55%. When repaid in 120 months for a 1 million lira loan, the monthly installment amount is equivalent to 26,806 lira.

ZIRAAT BANK’s CONDITIONS

There are no specific conditions in Ziraat Bank’s Housing Loan Product Package, and the interest rate is at 2.59%. For a 1 million lira loan with a 120-month term, the monthly installment amounts to 27,162 lira.

WHAT ABOUT HOUSING LOAN INTEREST RATES IN OTHER BANKS?

Kuveyt Turk offers a 2.68% profit rate, Vakifbank offers a 2.69% interest rate, TEB offers a 2.85% interest rate, Turkey Is Bank offers a 2.85% interest rate, Akbank offers a 2.85% interest rate, Yapi Kredi offers a 2.89% interest rate, Garanti BBVA offers a 2.91% interest rate, Ziraat Bank offers a 2.59% interest rate, Denizbank offers a 3.81% interest rate, ICBC Bank offers a 4.17%, and Sekerbank offers a 5.89% interest rate for housing loans.