Repayment of 1 million TL housing loan has been announced

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Lerato Khumalo

Mortgage loan interest rates have changed. While citizens who want to own a house continue to research details about banks’ loan interest rates, the change in mortgage loan interest rates attracted attention.

While interest rates have decreased to 2.79 percent, this decrease especially motivates those who want to own a house.

While the change in mortgage loan interest rates continues to affect the repayment amounts, bank-by-bank mortgage loan interest rates and repayment tables were wondered. For example, a person who takes out a loan of 1 million lira makes a monthly payment of 28 thousand 900 TL with a maturity of 120 months, making a total repayment of 3 million 475 thousand TL.

According to the news in the Wall, the housing loan repayment table for citizens who want to take out a housing loan from 1 million TL to 5 million TL with a maturity of 120 months is as follows:

1,000,000 TL Loan
Interest Rate: 2.79%
Monthly Installment: 28.966,07 TL
Total Repayment: 3.475.928,43 TL