The conditions of the program of preferential mortgage loans for Turkish citizens have been announced

A program of preferential mortgage loans for citizens has been launched in Turkey. The interest rate on the loan is 0.69% per month in lira. The maximum possible loan term is 15 years. The maximum possible loan amount is 5 million liras for Istanbul, 3 million liras for Ankara, Izmir, Antalya, Bursa, Mersin and Mugla, 2 million liras for other provinces. The minimum monthly payment will be 9.720 liras, the maximum - 55.265 liras.

Those who wish to use the program must meet the following conditions:

- this should be the applicant's first place of residence.
- the applicant must have resided for the last year in the province in which he is going to purchase real estate on a preferential mortgage.
- housing purchased on a preferential mortgage cannot be sold for 5 years.
- the program applies to ready-made real estate objects. In order to obtain a loan for housing under construction, it is necessary to obtain the prior approval of the bank issuing the loan.