May 25, 2024

Things to Know Before Getting a Housing Loan

Today, people who want to buy a house can become a property owner by taking out a housing loan and paying rent. For this, banks have certain conditions and these conditions may vary from bank to bank. If you want to increase the chance of approval of your loan application, you can benefit from the following items.


  • Find out your credit score. This is the most important detail for banks. If your credit rating is not sufficient, you cannot get a housing loan from the bank.
  • Compare home loan interest rates and cost rates. These vary from bank to bank. There are many applications that you can use to compare interest rates.
  • If you are going to take out a housing loan, you need to know that the loan amount will be given at most 80% of the house price. In other words, you can take a loan of up to 80 thousand TL for a house worth 100 thousand TL. Some banks may offer you an offer by allocating the remaining amount from general purpose loans. There may be a loan campaign that will complete the missing part of the project where you will buy a house.
  • In order to be deemed suitable for a housing loan by the bank, the house you will buy must have a condominium or floor easement deed .
  • Your loan amount is determined according to your income level and the result of the appraisal report. In other words, if the value of the house is high, there may not be enough credit.

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