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How to get a Mortgage from DenizBank?
- Please bring all the required information to the nearest branch of
your new house. Together with the branch you will discuss all the
conditions and benefits of the loan
- After your approval we will complete the application form and start the application procedure
- The bank will send a appraiser to you house to value your property
- Maximum 5 working days later the branch will inform you about the offering that we can do to you
- You will be handed out the pre term sheet that you can use as our written promise to you
- After presenting the pre term sheet to you, you are asked to sign the pre term sheet and pay the commitment fee
- After signing a period of maximum four months starts to arrange:
- DASK: (nature disaster insurance)
- House insurance; İskan Ruhsati (house permission)
- Approval of the ministry of Defense (Savunma Bakanliği)
- Tax number and opening a demand deposit account
- After collection of all the documents mentioned above the bank
will give its final approval will make an appointment to pay out the
loan and put the mortgage on the title deed at the Tapu office
Off Plan Mortgages
DenizBank makes deals with project developers to finance uncompleted
houses in a project. Sometimes DenizBank gives loans before completion
of the house or gives you upfront the commitment that DenizBank will
pay out a loan after completion at upfront agreed conditions. Go to you
nearest branch to ask for our current joint promotion with develops and
ask for the special conditions.
The features of the loan
| Issue |
Feature |
 |
|
| Loan to value |
Maximum 65% of the appraisal value (not always equal to the sales price) |
| Debt to income |
Maximum net salary to spend to installment for total loan position 50% |
| Valuation of income |
Only salary income transferred to a bank account, average profit of the last 2 years, pension income |
| Maximum amount |
No maximum |
| Minimum amount |
€ 30.000 euro |
| Nationalities |
All countries that have a reciprocal agreement with Turkey. Click here for the full list |
| Maturity |
5,10,15 and 20 years |
| Loan in YTL |
Yes |
| Loan in euro |
Yes |
| Loan in Dollars |
Yes |
| Loan in British pound |
Yes |
| Interest types |
Fixed |
| Early repayment |
Possible (2% penalty fee) |
| Property valuation |
Done by DenizBank or appointed appraisal by Denizbank, pre-valuation paid by DenizBank |
| Age of application |
25 -70 years |
| Maximum age at end of maturity |
70 years |
| DASK: nature disaster insurance, House insurance; |
To arrange via DenizBank, |
| Life insurance |
No obligation |
| Off plan mortgage |
Yes, with full bank guarantee from constructor for the total loan amount |
| Monthly installment payments |
Automatic payment from a DenizBank account |
| Validity of the pre offer |
4 months |
| Extension of validity of the pre offer (except interest rate) |
Until 18 months (1% extra commission required) |
Requested documentation for your mortgage application
- Official tax statement of the most recent year in the home country (for example P60)
- Copy of the Tapu of the object that will be bought (only for
existing objects)( Kat mulkiyet tapusu or Kat irtifak tapusu + yapi
kullanim izin belgesi)
- Copies of passports made and signed by the branch or notary
- Income statement of employers signed by the employer
- Official document/declaration from notary/cadastre that the person who signed the income statement is allowed to sign
- Bank statements declaring the income (not older than 3 months)
- Annual report of the holding company for the last two years together with copy of shareholder register
- Documents proving monthly financial obligations (rent, house loan installments, alimentation)
- Overview of private assets proven by official statements
- Overview of private debts proven by official statements
- Signed application form
Loan Rates
| 3 |
0,58% |
0,62% |
0,70% |
1,35% |
| 6 |
0,58% |
0,62% |
0,70% |
1,35% |
| 9 |
0,58% |
0,62% |
0,70% |
1,35% |
| 12 |
0,58% |
0,62% |
0,70% |
1,35% |
| 18 |
0,58% |
0,62% |
0,70% |
1,35% |
| 24 |
0,58% |
0,62% |
0,70% |
1,35% |
| 36 |
0,58% |
0,62% |
0,70% |
1,35% |
| 48 |
0,58% |
0,62% |
0,70% |
1,35% |
| 60 |
0,58% |
0,62% |
0,70% |
1,35% |
| 72 |
0,58% |
0,62% |
0,70% |
1,35% |
| 84 |
0,58% |
0,62% |
0,70% |
1,35% |
| 96 |
0,58% |
0,62% |
0,70% |
1,35% |
| 108 |
0,58% |
0,62% |
0,70% |
1,35% |
| 120 |
0,58% |
0,62% |
0,70% |
1,35% |
| 180 |
0,58% |
0,65% |
0,70% |
1,35% |
| 240 |
0,58% |
0,65% |
0,70% |
1,35% |
Please remember that Denizbank may change the interest rates without giving any notice.
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