After the Central Bank of the Republic of Turkey (CBRT) announced its interest rate decision, the Banking Regulation and Supervision Agency (BDDK) announced that it had removed the prudent risk weights in individual and housing loans.
While the expectation that inflation will decrease and banks will cut interest rates has strengthened with these developments, there has been an increase in housing sales in the last two months.
After BRSA’s latest regulation reverted the risk weights, which caused an increase in loan interest rates and suppressed domestic demand, to the old rates, banks reduced housing loan interest rates one after another.
According to the latest data of the Central Bank, a general decrease in vehicle, housing and commercial loan interest rates is observed, while vehicle loan interest rates, which rose above 55% in September, decreased to 43.78% last week. Commercial loan interest rates dropped from 66% to below 60%.
So which bank gives a 2 million TL housing loan? What are the 10-year interest rates for those who want to buy a house with a 2 million TL loan?
Here is the latest situation in interest rates in bank-to-bank mortgage loans as of September 25, 2024…
İŞ BANKASI
Interest Rate: 3.15%
Monthly Installment: 64.561,96 TL
Total Payment: 7.772.995 TL
