Getting a Mortgage on Turkish Property

 Once you have made your final decision to buy a property, Getting a mortgage on Turkish property is easy. Our expert team will consult with you without any further fee.  we are going to explain how we do it.

Your first step in the process of purchasing your dream home in Turkey is to apply for a mortgage. You may have to provide the following documents during the application process:

Required documents for Mortgage in Turkey


  1. Credit bureau record from your home country
  2. Copy of a utility bill from your home country. Should belong to last 3 months
  3. Proof of income. You can get a salary statement from your company. If you have your own business, you need to have the last 3 months bank statement
  4. water or electric bill from the home country that proofs your home address
  5. The title deed of property that you want to buy

If you are an employer you need to bring the official documents of the company such as company registration, proof of income and bank statement of last six months


 step by step how to getting mortgage in Turkey

How to get a mortgage in Turkey as a foreigner

There are 7 steps you will need to follow in order to get a mortgage in Turkey as an expat. 


1. Get all the required documents ready.

You will need to submit a list of documents are listed above that help the bank know your income and debts


1. Open Bank Account

 To open a bank account is easy in Turkey. A utility bill, tax number, and passport is enough to open a bank account


2. Make your application to the bank

After delivering the documents to the bank, the bank will check if you are eligible for the mortgage. Usually, It takes 3 days. Please note that interest rates may differ from bank to bank. Basic Apartment real estate will find out the best rates for our clients. 

4. Choose your property

It is time to find your dream property in Turkey 


5. The bank will check the Properties value

The bank will send an appraiser to get a property valuation


6. Mortgage completion and sign the contract

 Meet in the bank and sign the mortgage documents. Before getting the mortgage in Turkey, you need to get insurance for the property.


7. Get your title deed

Its time to meet in the land registry office. In this meeting, a lawyer from the bank, seller and a translator will be ready


If you don't want to get a mortgage some construction companies offer installment payments. The payment plan may go up to 36 months. According to the agreement down payment can starts from 20 % of property value. Basic Apartment real estate is working with reliable companies that are offering installment payments. For more information please contact us


Questions About the Mortgage in Turkey

Question: Can I get a mortgage in Turkey?

Answer: Yes, If you can buy property in Turkey you can also get a mortgage in Turkey. Except for a few countries Syria, North Corea and Cuba. Click here to see the list which nationalities can buy property in Turkey


Question: How long does it take to get a mortgage in Turkey?

Answer: It takes about one week to complete the mortgage in Turkey


Question: How much can I borrow for a mortgage in Turkey?

Answer: You can get 50% of the valuation report. Usually, the valuation report is 20% less than market price so that means you can get 40% of the property price


Question: How long is the mortgage period?

 Answer: the mortgage cannot be less than 1 year and a maximum of 10 years


Question: Can I get a mortgage in my currency?

Answer: No, only Turkish Lira is available for a mortgage in Turkey


Question: Is buying a house in Turkey a Good investment?

 Answer: Yes, buying a house in Turkey is a good investment. Because, Turkey is a thriving country, affordable property prices, cheap cost of living


Question: Can I get a mortgage from an Islamic Bank in Turkey?

Answer: Yes, There are Islamic bank in Turkey that you can get mortgage

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