There are 2 different types of mortgage in Turkey
1- Credit from the Construction Company
Yunivir Construction & Real Estate Company can provide you this option in specific projects. We can make you a monthly installment plan up to 6 months with no interest and a down payment of 50% of the purchase price of the apartment.
Our real estate department works with other construction companies which make payment plans up to 60 months with a small interest. Please contact for more information regarding this plan.
To buy an apartment using credit from the construction company is really easy. All needs to be done is to decide which apartment you want to buy and make the contract with the construction company where all payment details are written. Stick with the plan and the rest is easy. You can even move in to your apartment while making your payments. There is no additional documents, no paperwork and no extra cost.
After the payment of 50% of the cost of your real estate, the TAPU (title deed) will be delivered to your name with hypothec. The hypothec amount will be as the remaining payment which you owe to the construction company. This process is the fairest and shows no risk for both the buyer and the seller. The type of the currency for payment can be Turkish Lira (TL), Euros (€),or Dollars ($).
2- Credit from the Banks
All the banks have different interest rates and payment plans. The plans can go up to 120 months. You need written and stamped official documents to show your income from your country as you need to prove you can make the payments. Proof of other properties, cars, land etc.