We would be more than happy to help you with property finance in Turkey. As we cooperate with banks providing mortgages to foreigners in Turkey. It makes for you the mortgage application process much easier. Our friendly* and English speaking staff will assist you at every stage of the mortgage application.
- After collection of all the documents mentioned below, the bank will give the final approval
- With the approval, Tapu (Land Registery ) Office will be arranged to put the mortgage on a title deed
- The loan amount will be paid to the seller of the real estate and the loan process is completed.
Features of the loan:
| ISSUE | FEATURES |
| Loan to value | Maximum 50% of the appraisal value (not always equal to the sales price) |
| Debt to income | Maximum net salary to spend to installment for total loan position 50% |
| Valuation of income | Only salary income transferred to a bank account, the average profit of the last 2 years, pension income |
| Maximum amount | No maximum |
| Maturity (USD,GBP,EUR) | 10 years |
| Maturity (RUB) | 10 years |
| Loan in TL | Tak |
| Loan in euro | Tak |
| Loan in Dollars | Tak |
| Loan in British pound | Tak |
| Loan in Ruble | Tak |
| Interest types | Fixed |
| Early repayment | Possible %2,5 penalty fee |
| Property valuation | Done by bank or appointed appraisal by bank |
| Age of application | 25 -70 years |
| Maximum age at end of maturity | 70 years |
| DASK: nature disaster insurance, House insurance; | To be arranged via bank, |
| Life insurance | No obligation |
| Off-plan mortgage | Yes, with full bank guarantee from constructor for the total loan amount |
| Monthly installment payments | Automatic payment from a bank account |
| Validity of the pre-offer | 3 months |
Requested documentation and application form:
| A | B | C | |
| Signed application form | × | × | × |
| Copies of passports signed by the branch or notary | × | × | × |
| Overview of private assets proven by official statements | × | × | × |
| Overview of private debts proven by official statements | × | × | × |
| Documents proving monthly financial obligations (rent, house loan installments, alimentation) | × | × | × |
| Income statement for employees signed by the employer (last 3 months) | × | × | |
| Bank statements declaring the income (not older than 3 months) | × | × | |
| An appraisal report of the property which will be prepared by the bank during the underwriting process | × | × | × |
| Tax Identity Number (The applicant shall apply to the local tax office in Turkey and get a tax number) | × | × | × |
| Certificate from the credit record office of customer’s home country (not always needed*) | × | × | × |
| Copy of the Tapu (deed) of the object that will be bought | × | × | × |
| Annual report of the holding company for the last two years together with a copy from the shareholder register | × | ||
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***In case the applicant has the residence permits of several countries, the official credit record documents to be arranged by each country’s relevant authorities must be submitted to DenizBank. The documents must be notarized and apostilled. How to read the block : Colon A 1st emloyed Colon B 2 selfemployed Colon C 3 retired |