Housing Loan

Housing Loan Instalment Analysis (TL)

Total Loan Amount
(TL)
Term
(Month)
Annual Interest Rate
(%)
Commission Fee
(TL)
Stamp Fee (TL) Instalment
(TL)
Insurance (Annual)
(Housing)
(TL)
Total Amount Payable
(TL)
Annual Total Cost Rate
(%)
2.000.000 24 59,00 60.000,00 10.000,00 146.974,18 3.100,00 3.527.380,17 93,47
2.000.000 36 59,00 60.000,00 10.000,00 123.079,08 3.100,00 4.430.846,9 90,76
2.000.000 60 60,00 60.000,00 10.000,00 108.154,58 3.100,00 6.489.275,13 88,84
2.000.000 72 60,00 60.000,00 10.000,00 105.668,18 3.100,00 7.608.111,07 88,45

Annual total cost rate includes interest, commission fee, life insurance and taxes during a loan term and is calculated over sample term and amounts.

The blocked currency and its amount have been calculated assuming that it is considered as demand deposit. It may vary according to customer preference.

  • “These calculations are indicative and may vary depending on the loan amount, term, collateral and are not binding.”
  • “Limassol Turkish Cooperative Bank Ltd. has the right to make changes on the features of the campaign according to the market conditions and terminate the campaign.”
  • Commission Fee includes 3% bank and insurance taxes, entrance fees, share fees and the taxes of these. 0,5% stamp tax is collected for each loan application.
  • Annual cost rate is calculated on the assumption of regular payment for instalments by the client.

Documents Required for Loan Application

  • Risk intelligence for clients who do not have any memzuç records, ie. loan risk records table or persons who are not clients currently. 
  • Original and Copy of Identity Card or Passport (guarantor /guarantors shall provide for the same documentation).
  • An official proof of address such as current power or water bills (documentation other than ID) (guarantor /guarantors shall provide for the same documentation).
  • Proof of income (guarantor /guarantors shall provide for the same documentation).
  • For Loans with Car Pledge Collateral, pro forma invoices; vehicle ownership certificate copy for vehicles obtained from real person.
  • Real Estate Property Ownership Certificate for Loans with  Closed Mortgages.
  • Client Information Form regarding the Foreign Currency Loans.