Latest situation in housing loan… 10-year payment has become clear

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Lerato Khumalo

Millions of citizens who dream of owning a home continue to closely follow banks’ mortgage loan interest and dividend rates. With the dynamism in the real estate sector, the costs offered by banks have also become clear.

For those who plan to buy a house by taking out a mortgage loan, the monthly installment amounts and total repayment amounts offered by different banks are listed.

While profit share rates in participation banks start at 2.87%, interest rates in deposit banks vary between 2.99% and 3.58%.

According to current tables, the most cost-effective offers come from participation financial institutions, while banks’ repayment plans vary between 89 thousand TL and 109 thousand TL per month.

KUWAIT TURK

Dividend Rate: 2.87%

Monthly Installment: 89.086,50 TL

Total Payment: 10.733.082 TL

ALBARAKA

Dividend Rate: 2.87%

Monthly Installment: 89.086,50 TL

Total Payment: 10.725.274 TL