Housing Finance at the German Bank for Housing Purchase in Turkey
People residing in Germany will now be able to finance the real estate they want to buy in Turkey through a German bank.
People residing in Germany will now be able to finance the real estate they want to buy in Turkey through the Bank of Germany.
Thus, while offering an advantage in the euro profit ratio compared to other banks in Turkey, the SWIFT cost that may occur in monthly payment transfers from Germany is eliminated.
Currently, people who want to buy real estate from Turkey and reside in Germany can borrow from Turkey, but they have to pay loan interest in the December 7-8% range in euros in banks other than participation banks. In addition, when sending each monthly installment, they pay SWIFT costs of around 20-30 euros. On the other hand, because German banks do not have the opportunity to lend in exchange for mortgages on real estate in Turkey, they cannot borrow in exchange for mortgages from Germany.
Taking advantage of the experience of two leading institutions that are experts in the real estate market in Turkey, it is now easier to have your dream home in Turkey with an easy application process. The new opportunity from KT Bank AG provides financing for approximately 2 percentage points cheaper on a Euro basis than other banks in Turkey.
General conditions for applying for a loan;
* Residence in Germany,
* Apartment or detached house whose construction has been completed,
* Financing up to 250,000,- EUR,
* Selectable maturity of up to 120 months (10 years) ,
* Financing 70% of home value.