With the Central Bank of the Republic of Turkey (CBRT) keeping the policy interest rate at 37 percent, all eyes in the real estate market turned to banks’ housing loan and participation financing rates. Prospective homeowners, who closely monitor possible loosening steps in monetary policy and the interest rate path, scrutinize the cost tables offered by banks in order to achieve suitable payment terms.
As of September 2026, there are significant differences between the financing rates announced by public, private and participation banks. While the lowest housing finance rate in the market decreased to 2.87%; The monthly installment burden and total repayment amount of the 1 million TL housing loan with a 120-month maturity have been clarified.
Here are the current mortgage loan rates from bank to bank and the detailed payment plan of 1 million TL financing…
Denizbank: 3.26%
Garanti BBVA: 3.24%
