When will installments begin after the TOKİ 2020 lottery? An announcement has been released regarding the TOKİ 2020 100,000 housing project. Following the lottery draw, it was announced that applicants who were not selected will have their paid fees refunded within 5 business days. As previously noted, TOKİ lottery draws continue in the listed provinces in sequence. In provinces where the draws have concluded, applicants are now eagerly researching when the first installment payments for their homes will begin. For the 50,000 social housing project, however, installment payments for units offered to lower-income applicants began at the time of delivery.
For those who secured a home in the TOKİ 2020 lottery, a common question is when the down payment must be made and when installment payments will start. Applicants who participated in the lottery but were not selected will have their application fees refunded within 5 business days after the draw. The official statement reads: “For the ‘100,000 New Social Housing Project,’ reserve owner draws will not be held; application fees of applicants who are not selected as primary beneficiaries will be refunded within 5 business days following the lottery date.”
When Will the First Installment Start in the TOKİ 2020 100,000 Housing Project?
When will the first installment start? For the 50,000 social housing project, installment payments for lower-income units began upon delivery. The process differs for the 100,000 social housing project: according to the announcement, the down payment will be collected when the TOKİ Real Estate Sales Contract is signed, and the first installment will be due in the month following the signed contract.
The official notice about the timing of first installment payments for units sold in the TOKİ 2020 100,000 housing project states: down payments will be collected by the relevant bank at the time of signing the real estate sales contract, and installment payments will commence starting in the month following the contract date.
Buyers who have been allocated a home through the allocation draw in the TOKİ 2020 100,000 social housing project will complete the Real Estate Sales Contract and credit procedures at the T.C. Ziraat Bankası A.Ş. central branch on the dates determined and announced by the Administration.
What Documents Are Required for the TOKİ 2020 Housing Contract?
What documents are required for the TOKİ 2020 housing contract? Applicants must provide the following documents when signing the housing contract:
– A certificate from the Population Directorate showing address-based registration that proves the applicant has resided within the province where the project is located for at least one year,
– Documentation proving that household income does not exceed 5,500 TL (6,000 TL for Istanbul),
– Any additional documents that may be required. Applicants must present all requested documents within the announced dates to prove they meet the application conditions.