Attention would-be homeowners!
Whether you are thinking of buying an apartment or a house, KoopBank offers mortgages for all kinds of property.
Features of Housing Loan
- Mortgages are loans for those who are buying built homes. They can be used to buy unfinished new homes as well as for homes already in use.
- The property you wish to buy should be registered as a separate unit at the land registry office. The property to be bought will be mortgaged and, regardless of its age, can qualify for a loan of up to 75% of its value. In cases where the value of the property remains inferior to the actual amount, extra guarantee will be sought,
- This housing loan, drawn in either TL or foreign currency, has a term of up to 10 years/120 months. This kind of loan is repaid in monthly instalments.
- As a guarantee, you can show a bail, a mortgage upon the immovable to be bought, or deposit interruption.
- Repayment plan can be prepared based on your own terms; you can benefit from flexible payment options.
- The loan interest rate which is calculated on the decreasing loan amount only at the end of the year gives you the opportunity of decreasing your debt and also prevents you from making additional payments on interest.
- You can pay off the remaining loan anytime you wish and benefit from reduced interest.
- Mortgaged properties are insured against fire and earthquake for the duration of the loan.
How much will I pay in instalments?
You can find the charges and interest rates under the Rates menu and make use of the Calculation Tools for any calculations related to repaying your loan.
You can make your loan payments easily by Automatic Payment Request, through telephone banking on 600 02 02, or at our Internet and mobile branches.
How do I apply?
To take out a Consumer Loan you will need to visit your nearest branch with both the originals and copies of the documents listed below.
Required documents (originals and copies) for Application
- Photocopies of the application owner and if any of the guarantor’s ID cards
- Application owner and if any the guarantor’s income documents
- A photocopy of the last payroll for wage workers
- A photocopy of their pay book for retired workers
- Photocopies of title deed and lease agreement in case of rental income. KoopBank reserves the right to ask for additional documentation.
- For the address verification: Electricity bill or water utility bill or residence certificate taken from the village headman. Guarantors address verification is also required.
- The expertise report for the insured property.
Loans used to complete a construction
These are loans made for the construction of houses for which a municipality has granted planning approval and permission to construct on condition that either the land where the house is built or the plot are used for a mortgage guarantee scheme. This loan which is made under the same conditions as a mortgage requires presentation of the planning project approved by the municipality and construction permission at the time of the application.
Life insurance is granted for the duration of the loan.
