Thursday, August 23, 2012

Financing via Turkish banks

Turkish banks are offering to finance a part of the purchase price.
Depending on the size, price and location of the property the banks normally offer to finance between 50 and 70 percent of the purchasing amount.

The rest has to be paid by you.

The process is fairly simpel since 2Base Estate Agency will assist you and ensure that all related paperwork and communication with the bank will go down smoothly.
We will have the daily contact to the bank and take control of the process.

The interest rate is app. 7 percent yearly with a duration of 10 to 15 years.
The products offered by the different banks may vary, so 2Base cooperate with all major banks in order to help you get the loan products that suits you the best.

If you decide to purchase a holiday home at the price of 50.000 euro and loans 50 percent from a Turkish bank, you monthly installments on a period of 15 years are app. 200 euro monthly.

And the best of it all is, that the Turkish banks obtain there security in the Turkish property. This means that you have the chance to obtain a loan in Turkey even if you have no assets at home to use as a security.

This blog-post is written by 2Base Estate Agency & My2Base Holiday Homes
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