Credit rates have changed
The decision of the Banking Regulation and Supervision Institution dated 23/06/2022 and numbered 10249 determined the loan rate and maximum loan amounts to be applied in housing loans and housing secured loans.
In line with the decision taken by the BDDK, the maximum amount of credit that can be used in housing purchases or housing secured loans will vary depending on the value of the dwelling and the energy class of the dwelling, whether the dwelling is a first-hand or second-hand sale.
For first-hand housing purchase, the maximum credit rate will not be more than 90% or the credit amount will not exceed 3.5Milyon Turkish Lira. For used housing purchases, the maximum credit rate will not be more than 90% or the credit amount will not exceed 2.5Milyon Turkish Lira. In mortgage secured loans, the maximum credit rate and credit amount will be the same as the rate and amount set for used housing purchases. No credit will be used for buying or collateral for housing worth more than 10 million Turkish Lira.