How to get a loan for your property purchase in Turkey?


How to get a loan for your property purchase in Turkey?


Buying property in Turkey can be a challenge. There are so many factors to consider and so much paperwork involved. However, if you follow these simple steps, you’ll be able to get the loan that works best for your situation.

Contact the bank.

Once you’re ready to proceed with your loan application, it’s time to contact the bank. You can do this by calling their toll-free number or visiting their website and filling out an online form. The next step is contacting a loan officer at the bank in question. This person will help guide you through all of the necessary steps required for applying for a mortgage loan, including determining if there are any prerequisites that need to be met before approval can be granted (such as having adequate income). They will also provide guidance on how much money should be borrowed, as well as what type of property financing option would work best for your situation—whether that means buying outright or renting out an apartment while still living there yourself!

Once everything has been finalized and approved by both parties involved (you), then comes closing day: when everything finally comes together—including paperwork being signed off and payment being made—and all parties involved celebrate happily ever after!

Prepare your document.

The next step is to prepare your document. It is best that you have all supporting documents ready before applying for a loan. The documents should include:

  • A copy of the property deed

  • A copy of the contract (the agreement)

  • A copy of the mortgage deed (if applicable)

Receive validation from a notary.

When you are preparing to apply for a loan, the first step is to receive validation from a notary. This document confirms that you own the property and proves that it is real.

Notarization can be done either in person or by mail. However, we recommend that you visit your local notary office so they can confirm that the documents sent with your application are correct before submitting them to us (this will save some time).

If there are any discrepancies between what’s written on paper and what was witnessed by those who witnessed it being signed by both parties involved (if applicable), then we ask that those items be fixed before submitting them again as part of this process—this includes any changes made later such as adding additional signatures or changing names/addresses etcetera…

Appoint an attorney to support you in loan negotiations.

If you are planning to get a loan, it is essential that you appoint an attorney who will help you with the loan negotiations. The attorney will ensure that you are treated fairly by the bank and that all necessary documents are provided for your approval. They may also be able to negotiate on your behalf, making sure there are no hidden fees or charges charged by other financial institutions which could result in higher interest rates or late payment penalties if they go unpaid with interest accruing daily until they are paid off completely!

Collect all supporting documents for your loan application.

Before you apply for a loan, it is important to collect all supporting documents for your loan application. The bank will check if these documents match the information in their database. If there are discrepancies between the two, they may ask you to submit more documents or even stop processing your application altogether.

The following are some of the documents that you should collect:

  • A copy of proof of ownership (title deed). You can get this from the Land Registry department; however, if you’re buying land on an island or uninhabited area then this document would be useless since there’s no legal ownership registered yet.

  • Electricity bill dated within three months prior to applying for a mortgage loan as evidence that electricity has been disconnected from the power supply at home/building site where construction work is ongoing currently.

If you want to buy property in Turkey, follow the steps listed above

To get a loan for your property purchase in Turkey, you need to have a bank account with an Istanbul-based bank and a notary who can validate your documents. You also need an attorney who will help negotiate the loan terms with your banker. Finally, all of these people should be able to provide all of the necessary documents that are required for the loan application process.


Now you know how to get a loan for your property purchase in Turkey. If you have any questions regarding this topic, don’t hesitate to ask us in the comments section below. We will be happy to help you!

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