The Central Bank of the Republic of Türkiye (CBRT) increased its policy rate to 46 percent on April 17, increasing its policy interest rate by 350 basis points. Following this decision, changes in housing loan interest rates began.
The most curious about citizens who want to buy a house was the interest of home loans given by banks.
Banks also started to update interest rates in housing loans. The highest interest among banks was 5.89 percent, while the lowest interest rate was 2.59 percent.
As of April 29, 5 years (60 months) maturity of 1 million TL housing loan interest rates, monthly installments and total repayment of the bank bank was shaped as follows:
Akbank
Total Payment 2,304.756 TL
Interest rate 3.25 %
Monthly Installment 38,090 TL
WARRANTY BBVA
Total Payment 2.269.570 TL
Interest rate 3.15 %
Monthly installment 37.302 TL
