Rate of mortgage applications has grown sharply in Turkey

16:13 - 6.08.2019


August 6, Fineko/abc.az. The lower interest rate on a mortgage loan in Turkey has increased substantially the rate of applications for mortgages to the banks among the population.

Thus, in the first two days after the cuts in mortgage loan interests, more than 13,000 customers applied to three banks to take out a mortgage loan in the amount of 2.1 billion liras. This is the largest amount for which appeals were made during these two days.

It should be noted that Turkey-based Ziraat Bank, Halkbank and Vakifbank offer mortgage loans in the amount of 0.99% for the period of up to 180 months. Last week those banks reduced interest rates on mortgage loans to 1%.

 

 

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