If you are interested in a 50% bank loan for foreigners in Turkey to buy your dreamy home, we informing you Turkey’s banks give loans, for more specific details you can read this article.
A 50% bank loan for foreigners in Turkey:
From now on the bank will pay 50% of the price of the property that you are interested in, according to the new law in Turkey foreigners who have never owned a property in Turkey and have not had any Turkish residence permit now can get a 50% loan of the appraised price of their property and return it to the bank over 10 years.
Thus to that news if you are willing to buy your dreamy home in Turkey, it is the right time for you to apply.
Required document:
- Passport: A valid passport is required.
- Proof of Income: Documents such as salary slips, tax returns, or bank statements.
- Credit Report: A credit report from the applicant’s home country may be requested.
- Property Documents: The title deed and valuation report of the property.
How the process will be:
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- Application: Submit an application to the bank with all required documents.
- Assessment: The bank will assess the application and the property.
- Approval: If approved, the loan amount will be disbursed directly to the seller or developer.
Benefits of getting the loan:
- Access to Financing: Enables foreigners to invest in Turkish real estate without needing to provide the full purchase price upfront.
- Investment Opportunity: The Turkish real estate market has been attractive due to its strategic location and growth potential.
- Residency: Property purchase can be a step towards obtaining Turkish residency or even citizenship under certain conditions.
The 50% loan offering by Turkish banks provides a valuable opportunity for foreign investors looking to purchase property in Turkey. However, it’s important for potential buyers to carefully evaluate their financial situation and understand the terms of the loan.
If you have any question you can contact our expert team they will give all information about this subject, just give us a call.
About Travok company:
Travok company has started its activities in buying and selling apartments, construction, translating documents and so on since 2014.
If you are looking for a property in Alanya or a house for sale in Istanbul or any cheap property in Turkey we are here to help you.
Travok in Turkey also will guide you through gaining Turkey Citizenship by Investment, buying a property investment Dubai and opening a bank account in Turkey.
we are a team of passionate individuals dedicated to helping you find your dream property. We are passionate about helping you achieve your real estate goals, and we take pride in being a part of your success story.
For more information for instance the condition for getting Turkey residency and so on you also can read our other articles on this website.
Bahar Orouji
on said
thanks for all of your information
Olivia
on said
It’s a good reason to buy an apartment in Turkey.
Emma
on said
how come? by earning loan you can buy an apartment in Turkey
Pitter
on said
yes if it is your first time for buying an apartment, bank will gives you a loan to buy your selected apartment.
Jack
on said
you also have not had any resident permit in Turkey