Halkbank, which has a significant influence on Turkey’s housing market, is offering a major opportunity for those who want to become homeowners. The bank provides housing loans of up to 700,000 TL to applicants. This support is an important step for many aspiring homeowners. Halkbank has also published the cost schedule for this housing loan.
The cost schedule helps prospective borrowers calculate interest rates, repayment plans, and payment dates in advance. Thanks to this information, applicants can make more informed decisions. Below you can find details about Halkbank’s housing loan and the associated cost table.
How to Apply for the Halkbank Housing Loan
You can apply for Halkbank’s housing loan in three different ways:
1. Apply via Mobile Banking
You can submit a housing loan application using Halkbank’s mobile banking application. Mobile banking is a fast and user-friendly option. Download the app, follow the application steps, and submit your loan request without visiting a branch.
2. Apply via Halkbank’s Official Website
You can fill out the online application form on Halkbank’s official website. This method lets you complete your application from home. After accurately and completely filling in the required information on the form, your application will be processed.
3. Visit a Branch
You can also apply by visiting one of Halkbank’s physical branches. Bank staff will assist you with the application process and collect the necessary documents. Visiting a branch allows you to get immediate answers to your questions and complete the application through face-to-face guidance.
Halkbank Housing Loan Application Requirements
- Be at least 18 years old.
- Have a valid identity document such as an ID card, passport, or driver’s license.
- Have a credit score of 1,100 or higher.
- Complete the loan application form.
- Not be on the central bank’s blacklist.
- Have a verifiable income.
- Be able to document your residence.
- Be able to pay at least 20% of the purchase price of the property as a down payment.
- The property to be purchased must be eligible for a housing loan; factors include a floor servitude or title deed, occupancy permit (iskan), the age and general condition of the property.
- Provide an appraisal (expertise) report.
- The property’s title deed must be free of mortgages or other encumbrances that would prevent the loan.
Cost Table
According to details available on Halkbank’s official website, the repayment example for the loan is as follows:
- Loan Amount = 700,000 TL
- Term = 120 months
- Monthly Payment = 21,558.39 TL
- Interest Rate = 2.99%
- Total Repayment = 2,587,003.20 TL
