2 different types of mortgage in Turkey


1- Credit from the construction company

Payment by installments from the Construction Company

There is a great opportunity to get credit directly from the construction company in Antalya, Turkey. The process is pretty easy. All you need is a sales contract with the construction company where all payment details are written. There are no additional documents, paperworks and costs required.

The payment plan is as follows:
- Down-payment - 40 % of the real estate price
- The remaining amount 60 % can be paid with installments upto 5 year (60 months)

1 year credit without any interest. After 1 year till 5 years with interest which is 20 % lower than bank rates. Whenever you pay 50 % of cost of your real estate the TAPU (title deed) delivery is handled on your name with hypotheek. Hypotheek amount is the remaining money which construction company owes you. That way the sales process is handled fairly and without risk for both sides, the buyer and the seller.

The payment of monthly installments can be done automatically from the buyer to seller account.

Type of currencies for payment : Turkish Lira (TL), Euros (€), Dollars ($).

Maturity of payment from 1 year till 5 years.

Minimum amount of credit - 20.000 Euros

Applies to people between 25 and 70 years old.

Example case:
You buy an apartment for 50.000 Euro. You decide to pay 20.000 EUR as down-payment and the remaining 30.000 EUR with installment.

If you pay the remaining 30.000 Euro within 1 year (12 month) installment, you will be asked to pay 2500 Euro each month without any interest.

If you pay the remaining 30.000 Euro in 5 years with a 60 month installment, you will be asked to pay 595 Euro each month with a total payment of 35.700 Euro in the end.

Avalilable Properties with 60 months Credit
Orion Residence
Konyaalti, Antalya
Orion Residence Bedrooms, Rooms :
Price from 60.000 €
Hillside Homes
Konyaalti, Antalya
Hillside Homes Bedrooms, Rooms :
2+1, 3+1 dp
Price from 82.000 €
Kepez Homes
Kepez, Antalya
Kepez Homes Bedrooms, Rooms :
Price 44.000 €
Aston Homes 3
Konyaalti, Antalya
Aston Homes 3 Bedrooms, Rooms :
Price 88.000 €
Aston Homes 5
Konyaalti, Antalya
Aston Homes 5 Bedrooms, Rooms :
1+1, 2+1, 3+1 dp
Price from 45.000 €
Kepez Homes II
Kepez, Antalya
Kepez Homes II Bedrooms, Rooms :
2+1, 3+1
Price from 54.000 €
Aston Homes 1
Konyaalti, Antalya
Aston Homes 1 Bedrooms, Rooms :
1+1, 2+1, 3+1 dp
Price from 67.000 €
Aston Homes 4
Konyaalti, Antalya
Aston Homes 4 Bedrooms, Rooms :
1+1, 2+1 dp
Price from 54.000 €
Aston Homes 2
Konyaalti, Antalya
Aston Homes 2 Bedrooms, Rooms :
1+1, 2+1, 3+1 dp
Price from 67.000 €
Aston Homes 6
Konyaalti, Antalya
Aston Homes 6 Bedrooms, Rooms :
2+1, 3+1 dp
Price from 86.000 €

2- Mortgage from the bank

Antalya Homes Real Estate is now in a position to offer an exciting and unique financial product to our clients in cooperation with Deniz Bank. A 50% LTV (Loan to Value) fixed rate mortgage at 7% (interest rate may vary) over a 10 year repayment period. If you are planning to buy a property (apartment or villa) and need a mortgage? We offer you financial solutions.

Please contact Antalya Homes and take advantage of a competitive low rate with one of Turkey’s leading High Street Banks.

Primary Features of Mortgage in Turkey

-Deniz Bank Mortgage is extended for new properties in or foreign exchange indexed against the USD or the Euro and the mortgage can be taken out for up to 10 years in the Euro. 
-A 50% LTV, fixed rate mortgage over a 10 year repayment period. 
-Guarantee for the loan is directly drawn from the Property you will be acquiring with the mortgage and therefore your own property at home is not at risk if you fail to maintain payments.

Loan to value Maximum 65% 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 € 30.000 euro
Nationalities All countries that have a reciprocal agreement with Turkey. Click here for the full list
Maturity 5,10,15 and 20 years
Loan in YTL Yes
Loan in euro Yes
Loan in Dollars Yes
Loan in British pound Yes
Interest types Fixed
Early repayment Possible (2% penalty fee)
Property valuation Done by DenizBank or appointed appraisal by Denizbank, pre-valuation paid by DenizBank
Age of application 25 -70 years
Maximum age at end of maturity 70 years
DASK: nature disaster insurance, House insurance; To arrange via DenizBank,
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 DenizBank 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)

How to get the Mortgage from DenizBank? Denizbank's related webpage... 


Mortagage Documentation Required in Turkey

-Retail Banking Loan Application Form
-A copy of the deed for the property to be purchased.
-Proof of identity (National ID, Driver's License or Passport) 
-Certificate of residence 
-Proof of Income; Income from real estate, if the applicant submitted a tax return to declare his/her income from rental property, a copy of the title-deed of his/her relevant property and the relevant lease.

Please contact us for further details and mortgage application.

*Antalya Homes Real Estate is not financial advisors and strongly recommend that clients seek independent financial advice prior to making any investment. Real Estate values can go down as well as up and past performance is not a guarantee of future returns.