Signals of updates in mortgage interest rates, awaited by those dreaming of buying a house, are finally appearing. Halkbank has prepared a special home loan package for newlyweds, while Ziraat Bank has announced a new housing loan product.

Following the Central Bank’s interest rate cut, signals of updates in mortgage interest rates continue to emerge.

For those looking to become homeowners after getting married, Halkbank has introduced a special home loan for newlyweds, and Ziraat Bank has launched a housing loan product campaign.

APPLICATION REQUIREMENTS

To apply for a loan from Halkbank, which is a public bank, it is required that neither of the spouses has reached the age of 35 as of the application date (before turning 36).

The applicant or their spouse must not own any real estate or be a shareholder, and the official marriage date should not be more than 3 years old.

Newlywed young couples who intend to buy their first home can access the special home loan that allows them to meet the financing they need at lower interest rates and with flexible repayment conditions compared to other banks. However, certain conditions need to be met. Customers must have opened a Current Account at least the amount of the installment, provided at least three automatic payment instructions, own a Halkbank credit card or have an approved credit card, completed Internet/Mobile/Dialog branch memberships, taken out life insurance, DASK, home insurance from the bank, and have at least three of the following products: BES, Accident insurance “I Am Ready for Anything,” Lifesaver Health Insurance, Risky Diseases Insurance, Supplementary Health Insurance, Credit Unemployment Insurance. They must also have an Economical Banking Fee Package to benefit from the loan.

FLEXIBLE PAYMENT OPTIONS

The repayment of the loan can be made in equal monthly installments or with the option of free payment for up to 3 months.

INTEREST RATE 2.55%

The interest rate on home loans has reached 2.55%. With a 120-month term for a 1 million lira loan, the monthly installment amount is equivalent to 26,806 liras.

WHAT ARE THE CONDITIONS OF ZIRAAT BANK?

Ziraat Bank’s Housing Loan Product Package has no specific conditions 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 liras.

HOW DO MORTGAGE INTEREST RATES COMPARE IN OTHER BANKS?

Kuveyt Turk offers a profit share rate of 2.68%, Vakifbank offers 2.69% interest, TEB provides 2.85% interest, while Turkiye Is Bankasi, Akbank, Yapi Kredi, Garanti BBVA, Ziraat Bank, Denizbank, ICBC Bank, and Sekerbank have interest rates ranging from 2.85% to 5.89% for home loans.