|
TURKISH PROPERTIES FOR SALE | TURKEY PROPERTY FOR SALE ALTINKUM | MORTGAGES NOW AVAILABLE!!!
|
| MORTGAGES NOW AVAILABLE!!! |
|
|
|
Mortgages are now available for non nationals in Turkey. Should you need to organise payment via mortgage in Turkey,our agents will guide you through the whole process. Below, we have answered some frequetly asked questions regarding the processes.
What sort of documents are required from foreigners wishing to get a turkish mortgage from a turkish bank?
Application Information
You can apply for a consumer loan by visiting your own Garanti branch or the nearest your branch by presenting the documents shown below. Application forms are available at our branches.
General Purpose Loan (5-Minute Loan), Flexi Loan
If you're a salaried employee:
- Passport for identification
- Residence and work permit
- Evidence of residence or the invoice of a fixed-line telephone registered in your name
- Your most recent payroll statement that contains your social security number and your employer's signature and seal or a statement of income written on your employer's letterhead and containing their signature and seal
- Authorized signature specimens of the company you work for
If you're a self-employed person:
- Passport for identification
- Residence and work permit
- Evidence of residence or the invoice of a fixed-line telephone registered in your name
- Tax registration card
- Chart of accounts or preferably balance sheets and income statements for the most recent three years
- Trade registry gazette or statement of professional chamber registration
If you are not applying for General Purpose Loan through one of our alternative delivery channels, you'll also have to fill out an application form. Application forms are available at all Garanti branches.
Master Loan
If you’re salaried or self-employed:
- All required documents for the General Purpose Loan application,
- Certificate of admission to İstanbul Bilgi University master program
If you’re not employed:
- Salaried or self-employed and immediate relative should apply for the loan with the required documents listed above.
- Student will be the cosigner for the loan
Student must present:
- Identification card
- Certificate of admission to İstanbul Bilgi University master program
- Evidence of residence or the invoice of a fixed-line telephone registered in your name
If the applicant is salaried or self-employed, although a cosigner is not an initial requirement, branches have the right to demand one if required. Cosigner must present the documents listed above required for the application.
Auto Loan
- All the documents required for General Purpose Loans
- Pro forma invoice for the vehicle to be purchased
Mortgage
- All the documents required for General Purpose Loans
Copy of one of the following as applicable
- Deed of condominium ownership for the housing that is to be purchased or
- Deed of easement and structure use license or
- Deed of easement and construction license
Home Equity Loan
- All the documents required for General Purpose Loans
- Deed of condominium ownership for the housing that is to be put up as collateral
Garanti Consumer Loans (except Non-Resident Mortgage) are available only to residents of Turkey.
Foreign nationals living in Turkey may apply for Consumer Loans by submitting their residence permit and tax identification number along with the other required application documents. Consumer Loan term will be limited to the duration of the residence permit.
What is the procedure in a mortgage application?
When a person makes an application by presenting the necessary documents, the request is put on hold until the necessary permission is obtained. (normal army check) The loan is then processed for up to 50% of the value.
Overdraft and Consumer Loan Interest Rates
Overdraft
| |
TL(%) |
| Overdraft |
4,75 |
| Bill Overdraft |
4,75 |
| Bill Overdraft(Ünibank) |
4,50 |
| Last update: 02/08/2005 |
TL General Purpose Loans Interest Rates
(%)
| Term |
6 mnt |
12 mnt |
18 mnt |
24 mnt |
36 mnt |
48 mnt |
60 mnt |
96 mnt |
120 mnt |
180 mnt |
240 mnt |
| General Purpose Loan |
2,09 |
2,09 |
2,09 |
2,09 |
2,09 |
2,09* |
2,09* |
- |
- |
- |
- |
| Flexi Loan |
2,04 |
2,04 |
2,04 |
2,04 |
2,04 |
- |
- |
- |
- |
- |
- |
| Discounted Mortgage** |
1,17 |
1,17 |
1,32 |
1,32 |
1,37 |
1,41 |
1,41 |
1,44 |
1,44 |
1,46 |
1,46 |
| Home Equity Loan |
1,71 |
1,71 |
1,71 |
1,71 |
1,71 |
1,71 |
1,71 |
1,71 |
1,71 |
- |
- |
| Auto Loan*** |
1,89 |
1,89 |
1,89 |
1,89 |
1,89 |
1,89 |
1,89 |
- |
- |
- |
- |
| Doctor's Office Loan |
2,04 |
2,04 |
2,04 |
2,04 |
2,04 |
2,04 |
2,04 |
- |
- |
- |
- |
* The 37 to 67-month maturities are available only for those who are salaried employees on payroll.
** A 1% service charge is made in addition to the discounted commission fee. Other charges consist of a TL 1,350 mortgage file fee a TL 650 appraiser's fee. The interest rate is 1.43% for 61 to 84-month maturities.
*** Customers who take out the collision insurance with Eureko on the vehicle that they purchase qualify for a 0.05% point reduction in their automobile loan interest rate.
Last update: 14/01/2009 |
USD-EUR General Purpose Loans Interest Rates
(%)
| Term |
6
mnt |
12 mnt |
18 mnt |
24 mnt |
36 mnt |
48 mnt |
60 mnt |
96 mnt |
120 mnt |
180 mnt |
240
mnt |
| General Purpose Loan |
1,15 |
1,15 |
1,15 |
1,15 |
1,15 |
- |
- |
- |
- |
- |
- |
| Flexi Loan |
1,10 |
1,10 |
1,10 |
1,10 |
1,10 |
- |
- |
- |
- |
- |
- |
| Fixed Rate Mortgage (EUR)* |
0,95 |
0,95 |
0,95 |
0,95 |
0,95 |
0,95 |
0,95 |
0,99 |
0,99 |
1,07 |
1,07 |
| Fixed Rate Mortgage (USD)** |
0,90 |
0,90 |
0,90 |
0,90 |
0,90 |
0,90 |
0,90 |
0,99 |
0,99 |
1,05 |
1,05 |
| Fixed Rate Mortgage (CHF)*** |
0,85 |
0,85 |
0,85 |
0,85 |
0,85 |
0,85 |
0,85 |
0,95 |
0,95 |
1,04 |
1,04 |
| Fixed Rate Mortgage (JPY)**** |
0,75 |
0,75 |
0,75 |
0,75 |
0,75 |
0,75 |
0,75 |
0,88 |
0,88 |
1,01 |
1,01 |
| Home Equity Loan |
1,05 |
1,05 |
1,05 |
1,05 |
1,05 |
1,05 |
1,05 |
1,05 |
1,05 |
- |
- |
| Auto Loan (USD) |
1,05 |
1,05 |
1,05 |
1,05 |
1,05 |
1,05 |
1,05 |
- |
- |
- |
- |
| Auto Loan (EUR) |
1,15 |
1,15 |
1,15 |
1,15 |
1,15 |
1,15 |
1,15 |
- |
- |
- |
- |
| Doctor's Office Loan |
1,15 |
1,15 |
1,15 |
1,15 |
1,15 |
1,15 |
1,15 |
- |
- |
- |
- |
* The interest rate is 0.99% for 61 to 84-month maturities.
** The interest rate is 0.99% for 61 to 84-month maturities.
*** The interest rate is 0.95% for 61 to 84-month maturities.
**** The interest rate is 0.88% for 61 to 84-month maturities.
Last update: 16/12/2008 |
What are the loan periods?
1-20 years
The ratio of sales of off plan properties is the same as that of finished properties. Are mortgages available to finance off plan properties?
No. Mortgages are given providing there are no obstacle to the title deeds. If a property is not built yet, it will not obviously have its title deeds.
Your mortgage will be applied for by you, in person, to the bank in Turkey.
http://www.garantibank.com/mortgage/mortgages.html for more informations please check the link.
For more information please contact us by E-mail or phone call.
info@zestturkishproperties.com
Call on 0161 408 4880
|
|
