• If the appraisal * value of the house you want to buy is  500.000 TL and under, you can use financing up to 90%. If it is above 500.000 TL, you can use financing up to 80%.
• You can use financing up to the 100% of the appraisal value of the house if you provide an additional real estate warranty.
• You can have maturity term options up to 120 months; you can pay monthly, bimonthly or quarterly in equal instalments or in flexible amount instalments.
• You can use mortgage financing by submitting flat ownership or construction servitude deed.
• You can protect your new house by taking out a Property Insurance and Compulsory Earthquake Insurance (NATURAL DİSASTER INSURANCE) from Albaraka Turk branches.
• You can make life insurance during the financing term.
• You can be exempted from the Resource Utilization Support Fund (RUSF) and Banking and Insurance Transaction Tax (BITT) in the case of using mortgage financing.
• You can review monthly profit rates at the Finance Profit Rates and Fees page.

(*) Appraisal process is carried out by Capital Markets Board (CMB) licensed companies that Albaraka Turk has an agreement.

Application Form

• If you are 18 years old and over, you can apply for mortgage financing.
• If you want to take advantage of mortgage finance as a real person; you must provide the copy of the real estate deed to be bought, identity card, income certificate, payroll or a document showing your net salary certified by your company.
• If you want to take advantage of mortgage finance as a self-employed person; you must provide tax certificate, approved balance sheet and income statement, trial balance for the current year, operating certificate, copies of the real estate deeds if any, rental contracts, income certificate and statement of signature, and you must also provide the same documents for the guarantors if necessary.
• If you want to take advantage of residence financing as a legal person; you must provide the copy of real estate deed to be bought, identity cards of shareholders, notary certified list of authorised signatures, the Trade Registry Gazette example, Chamber of Commerce registration certificate, operating certificate, balance sheets and income statements of the last three years and tax certificate copy issued in the last three years, and you must also provide the same documents for the guarantors if necessary.
• You can visit the nearest Albaraka Turk branch with the required documents, fill out the application form and take the first step to your new home.
• If you do not have any missing information or documents, you can learn the result of your application within 24 hours on average.
• You can apply for the appraisal if your preliminary evaluation result is positive and you can find out the amount of financing you can get for the house you wish to buy.
• For more information and other banking transactions you can call Alo Albaraka at 0850 222 5 666 or 444 5 666.

• Allocation Fee: It will be charged as 0.50% (five in a thousand) of the financing amount for all terms.
• Appraisal Fee: The collection will be equal to the cost of the appraisal to our bank.
• Mortgage Fee: The cost of mortgage to Albaraka Turk will be charged.

What is a Mortgage?

The mortgage is a long-term mortgage-based housing financing system implemented in many countries throughout the world. If you do not have enough savings to buy a house, you can own your house with monthly payments like paying rent.

What are the advantages of Mortgage?

You can use long-term housing financing with long terms and low-profit rate advantages. You can reduce your burden with the tax exemptions thanks to the Mortgage system.

Which types of properties are included in the Mortgage coverage?

If the real estate you plan to purchase is registered as housing, apartments, flat or villa on the deed of real estate, you can take advantage of the Mortgage. When you want to buy this type of real estate by a legal person, these loans are not included in the scope of the Mortgage.

Can financing of real estates such as workplace, shop, land be financed under Mortgage?

The financing of real estates that registered as a commercial on the deed of real estate such as offices, shops, warehouses, the land is not covered by mortgage financing.

What are the tax exemptions in Mortgage?

Banking and Insurance Transaction Tax (Banking and Insurance Transactions) will not be charged within the scope of mortgage financing. Also, the 5% Banking Insurance Transaction Tax deductions cannot be made on the other fees and commissions like file fee, commission, appraisal fee, early settlement fee. Similarly, there will be no Banking Insurance Transaction Tax deductions on the insurance premiums for the insurance policies like NATURAL DİSASTER INSURANCE, fire, real estate and life issued within the scope of a Mortgage financing. The Mortgage transactions to be made in the scope of the Mortgage financing at the directorate of land registry offices are also exempt from taxes and duties.

If I want to clean my debt under Mortgage financing before its maturity, will I pay any “early payment fee”?

If you want to repay the mortgage financing earlier, you need to pay a 1% commission if the term of your remaining risk is shorter than 36 months and 2% if it's longer.

Is the profit rate affected by changes in market conditions after I have used my Mortgage financing?

Since you need to use fixed-rate financing in Albaraka Turk, the profit rate is not affected by market conditions

The house I own needs renovation. If my house is to be given as collateral for the financing of renovation costs, may I benefit from the advantages of the mortgage?

Yes, you can apply for a mortgage for your renovation by giving your existing house as collateral. In these types of mortgage financing, the Banking and Insurance Transaction Tax (BITT), private land registration fees and stamp duty exemptions will be applied. However, you are not exempted from paying the 15% Resource Utilization Support Fund (RUSF) on the amount of profit to be paid.

Which insurances do I have to take out within the scope of a Mortgage?

You need to take out Natural Disaster Insurance and Home Insurance.

How can I get more comprehensive information?
You can get detailed information from Albaraka Turk branches or call Alo Albaraka at 444 5 666 / 0850 222 5 666.