A New Mortgage Loan Program Launched in K.K.T.K.
A new mortgage loan program has been launched in K.K.T.K. for citizens who do not have registered housing in their name, their spouse’s name, or their children under 18. The program is intended for families with an income of up to 250,000 Turkish lira and offers favorable conditions.
The maximum loan amount is 2,200,000 Turkish lira. The repayment period can be up to 120 months with equal monthly installments. The interest rate is set at 1.75 percent per month, equivalent to 21 percent annually. There are no additional fees or hidden charges. The program includes tax benefits and exemptions from certain costs. The maximum share of the property’s value that can be financed through the loan is 80 percent.
Applications can be submitted to the following banks: Albank, Asbank, Bankmare, Creditwest, Economy Bank, Capital Bank, Cooperative Central Bank, Vakıflar Bank, Limassol Turkish Cooperative Bank, Novabank, Ziraat Bank, Halk Bank, İş Bank, Turkish Bank, Universal Bank, Near East Bank.
The program aims to support citizens looking to purchase their own homes under favorable conditions.
Share on social networks:
June 15, 2025 - new water tariffs will take effect in Northern Cyprus,
Starting from June 15, 2025, new water tariffs will take effect in Northern Cyprus, affecting both municipalities and agricultural users.Northern Cyprus Real Estate Sector Faces Collapse Amid Legal Uncertainty
Political instability, legal chaos, and lack of transparency are pushing investors away from Northern Cyprus. Industry experts warn the construction sector is on the brink of collapse.TRNC President Ersin Tatar: "We Are Pursuing Intensive Diplomacy Against the Aggression of the Greek Cypriot Leadership"
President of the Turkish Republic of Northern Cyprus (TRNC), Ersin Tatar, stated that the Greek Cypriot leadership has recently intensified its aggressive policies against the TRNC, particularly targeting its economy. In an interview with TAK News Agency, Tatar emphasized that these actions are enabled by the unfair and unlawful status the Greek Cypriots have held since 1964.Akgünler Denizcilik Expands Its Service Network with a New Route on Its 25th Anniversary!
Discover the new Girne–Anamur ferry line by Akgünler Denizcilik. Enjoy fast, comfortable, and economical sea travel between Northern Cyprus and Turkey. Book your tickets now!
