In 2021, many banks offered secured personal loans to customers who needed urgent credit against mortgage collateral.
The banks that provided mortgage-backed personal loans in 2021 include:
- Ziraat Bank
- Halkbank
- DenizBank
- VakıfBank
- Türkiye İş Bankası
- Akbank
- HSBC
- Garanti Bankası
- Burgan Bank
- Yapı Kredi Bankası
You can apply for a mortgage-backed personal loan from any of the banks listed above.
Ziraat Bank Mortgage-Backed Personal Loan Conditions
To benefit from Ziraat Bank’s mortgage-backed loans, applicants must visit a Ziraat Bank branch in person. Loans secured by property from Ziraat Bank can be offered with terms of up to 36 months.
Borrowers may obtain financing up to 80% of the appraised value for a mortgaged property. For zoned plots, financing is generally limited to 50% of the appraisal value. Commercial premises can receive up to 75% of the appraised value in financing.
Ziraat Bank places a mortgage on the property used as collateral. During the loan term, life insurance, home insurance and earthquake insurance are typically required.
In certain cases, Ziraat Bank may request additional collateral from applicants. It is important to contact the bank to learn about any extra guarantees or specific requirements before applying.
Halkbank Mortgage-Backed Personal Loan Conditions
Halkbank’s collateralized personal loan is provided against a property mortgage and is structured as a mortgage product. Applicants must apply at a Halkbank branch to start the process.
| Kredit Amount (TL) | Term (Months) | Monthly Interest Rate (%) | Allocation Fee (TL) | Monthly Installment (TL) | Other Fees*(TL) | Annual Cost Rate (%) |
|---|---|---|---|---|---|---|
| 100,000 | 36 | 1.63 | 525 | 3,843.09 | 1,314.76 | 27.8987 |
A first-degree mortgage is applied on the mortgaged residence. Financing can reach up to 80% of the property appraisal value, with terms up to 36 months and interest rates around 1.63% monthly.
DenizBank Mortgage-Backed Personal Loan Conditions
DenizBank offers mortgage-backed personal loans to help customers meet cash needs. These loans are typically available with terms up to 36 months and competitive interest rates.
| Loan Amount (TL) | Term (months) | Monthly Interest Rate (%) | Monthly Installment (TL) | Allocation Fee (TL) | Insurance & Tax Fees Total (TL) | Monthly Total Cost Rate (%) | Annual Total Cost Rate (%) |
|---|---|---|---|---|---|---|---|
| 50,000 | 12 | 2.42 | 4,886.46 | 250.00 | 712.16 | 3.0434 | 36.5205 |
| 50,000 | 24 | 2.42 | 2,808.32 | 250.00 | 932.92 | 2.9911 | 35.8938 |
| 50,000 | 36 | 2.42 | 2,136.08 | 250.00 | 1,216.07 | 2.9731 | 35.6768 |
Applicants who want to benefit from low rates and terms up to 36 months should apply at a DenizBank branch. Required documents and eligibility may vary, so contact the bank for detailed information.
VakıfBank Mortgage-Backed Personal Loan Conditions
VakıfBank offers mortgage-backed loans with terms up to 36 months to meet customer needs. The bank also provides flexibility in installment scheduling.
Customers may be able to make payments in quarterly intervals, and VakıfBank offers facilitation options for installment plans. Life insurance and home insurance are typically required for mortgage-backed loans, with home insurance renewed monthly.
A strong credit score increases the likelihood of approval. Applicants with poor credit histories are less likely to be approved for VakıfBank mortgage-backed financing.
VakıfBank generally finances up to 80% of the appraised value of the property used as collateral for applicants who meet the bank’s criteria, have a good credit history and no prior credit issues.
Applicants must prepare certain documents; incomplete or incorrect paperwork can lead to rejection or delays in the evaluation process.
Documents typically required for VakıfBank mortgage-backed personal loans include:
- Turkish ID card (driver’s license may be accepted),
- Property appraisal report,
- Title deed showing condominium ownership,
- Title deed for floor easement (if applicable),
- Recent utility bill (water, gas or electricity) in the applicant’s name.
If the documents are complete and the applicant meets credit requirements, the VakıfBank mortgage loan application can be submitted and, if approved, funds will be disbursed.
Türkiye İş Bankası Mortgage-Backed Personal Loan
Türkiye İş Bankası offers financing up to 50% of the appraised value of the property pledged as collateral. This product is aimed at residential properties; land is generally not accepted as collateral. Mortgages are registered as first-degree, first-rank liens.
To calculate loan costs, applicants can use İş Bankası’s official loan calculators by entering the desired loan amount and the number of installments. This will show the total repayment amount, monthly installment and applicable interest rate.
Akbank Mortgage-Backed Personal Loan Conditions
Akbank allows customers to use their residential property as collateral to obtain a personal loan. To apply, visit an Akbank branch where the required documents and precise conditions will be explained.
Typical eligibility criteria include:
- Applicants must be over 18 years old.
- Those with adverse credit histories are less likely to be approved.
- Monthly loan payments should not exceed 50% of household income.
- The applicant must present property or business premises as collateral.
If these criteria are met, approval chances are higher, although the final decision rests with the bank. Employed applicants should provide payroll slips. Self-employed applicants may need to submit tax registration documents. Pensioners can present bank book records as proof of income. Company partners should provide tax records or company registration documents.
HSBC Mortgage-Backed Personal Loan Conditions
HSBC allows customers to secure a personal loan with their home as collateral and may offer terms up to 60 months. Proper documentation is essential for a successful application.
Commonly required documents for HSBC mortgage-backed personal loans include:
- Completed application form obtained from an HSBC branch,
- Turkish ID card,
- Proof of income,
- Latest SGK declaration (if applicable),
- Copy of the property title deed for the mortgaged residence,
- Recent utility bill (electricity, gas, water or phone) showing current address.
When these documents are prepared and eligibility requirements are met, applicants can apply for an HSBC mortgage-backed personal loan and, if approved, access needed funds.