We will be glad to assist you in getting a mortgage in a Turkish bank for your property finance. The procedure is as follows:


  • Required documentations are provided to the bank ( please contact us to get the list of required documents )
  • An appraiser will be directed to your property for appraisal report
  • The bank will inform you in maximum 5 business days with regards to your mortgage application
  • You will be handed out the pre term sheet that you can use as a written promise to you
  • A bank will present a pre term sheet to you which notifies your mortgage conditions. After you sign the pre term sheet you will need to pay the commitment fee
  • Pre term agreement will be valid of four months. Meanwhile, the bank will be expecting you to arrange: 

DASK: (nature disaster insurance)
House insurance; İskan Ruhsati (house permission)
Approval of the ministry of Defense (Savunma Bakanliği)
Tax number and opening a demand deposit account

  • After collection of all the documents mentioned above, the bank will give the final approval
  • An appointment to pay out the loan and put the mortgage on the title deed at the Tapu office will be arranged

Features of the loan

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, average profit of the last 2 years, pension income
Maximum amount No maximum
Minimum amount 25.000 Euro
Nationalities All countries that have a reciprocal agreement with Turkey
Maturity 10 years
Loan in Turkish Lira Yes
Loan in Euro Yes
Loan in Dollars Yes
Loan in British pounds Yes
Interest types Fixed
Early repayment Possible (2% penalty fee)
Property valuation Done by the bank or appointed appraisal by the bank, pre-valuation paid by the bank
Age of application 25 -70 years
Maximum age at end of maturity 70 years
DASK: nature disaster insurance To arrange via bank
House insurance To arrange 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 4 months
Extension of validity of the pre offer (except interest rate) Until 18 months (1% extra commission required)