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RESIDENT MORTGAGES FROM GARANTIBANK
You can own your desired home in Turkey with Non-Resident Mortgages from GarantiBank; in local currency (YTL), 1.34 % per month or in foreign currency starting from 0.45 %per month with terms up to 120 months. Below is the monthly installment table for available currencies and terms, based on a credit amount of 100.000 in each currency,
LOCAL CURRENCY (YTL) EURO GBP
Term (months) Interest Rate (Monthly) Monthly Instalments Interest Rate (Monthly) Monthly Instalments Interest Rate (Monthly) Monthly Instalments
12 1.34% 9.076,87 0,55% 8.634,25 0,70% 8.717,35
24 1.34% 4.900,13 0,55% 4.459,15 0,70% 4.540,99
36 1.34% 3.519,65 0,55% 3.069,45 0,68% 3.141,02
48 1.34% 2.838,13 0,55% 2.376,11 0,68% 2.448,81
60 1.34% 2.436,06 0,60% 1.989,57 0,71% 2.052,62
72 1.34% 2.173,59 0,60% 1.714,52 0,70% 1.772,92
84 1.34% 1.990,77 0,60% 1.519,06 0,69% 1.572,61
96 1.34% 1.857,59 0,60% 1.373,35 0,68% 1.421,81
108 1.34% 1.757,38 0,60% 1.260,78 0,67% 1.303,95
120 1.34% 1.680,12 0,60% 1.171,42 0,67% 1.215,39
At GarantiBank, Loan Application is very easy...
Documents to be provided to our sales officers in our branches
• Turkish Tax ID Number provided
• Appraisal report fee (YTL 500)
• Non- Resident Application Form (provided by the sales officers)
• Sample copy of the passport or the original copy of permanent residence
• Credit Bureau record from applicant’s home country
• Utility, cable or telecommunication bill stating the address of the customer in the home country.
• Appraisal report fee (YTL 500)
• Non-
• Sample copy of the passport or the original copy of permanent residence
• Credit Bureau record from applicant’s home country
• Utility, cable or telecommunication bill stating the address of the customer in the home country.
Preferences:
• Origination available in New Turkish Lira (YTL), Euro, US Dollar, GP Sterling and Swiss Frank
• Maximum loan term of 10 years
• Maximum loan-to-value (LTV) ratio of 60 % of the appraised value
• Maximum loan amount of YTL 500.000 or equivalent in foreign currencies
• Life insurance, personal house insurance and Natural Disaster Insurance Authority (DASK) will be requested.
• Origination available in New Turkish Lira (YTL), Euro, US Dollar, GP Sterling and Swiss Frank
• Maximum loan term of 10 years
• Maximum loan-
• Maximum loan amount of YTL 500.000 or equivalent in foreign currencies
• Life insurance, personal house insurance and Natural Disaster Insurance Authority (DASK) will be requested.
Even though mortgages are relatively new in Turkey, GarantiBank is currently the market leader, with a decent focus on providing the necessary expertise and a wide range of product to consumers. GarantiBank customers may benefit from a large range of products and services, from fixed rate mortgages to variable rate mortgages, based on different needs, preferences and risk preception.
For more information about Garanti Mortgages and the application process, please visit Garanti Branches.
(*) The Mortgage conditions can be changed by GarantiBank, depending on economical conditions and bank policies.