Housing Finance

What Is Housing financing?

Housing financing is a type of financing that offers favorable interest rates and repayment terms in accordance with participation finance principles to individuals who wish to become homeowners. At Vakıf Katılım, we make the home-buying process easier for our customers through housing financing.

How Do I Apply for Housing financing?

You can submit your housing finance applications at our Vakıf Katılım branches,and make preliminary applications on our Vakıf Katılım website.

What Documents Are Required for the Housing financing Application Process at a Branch?

You can initiate the financing process by visiting the Vakıf Katılım branch nearest to you with a copy of your ID card, driver’s license, or passport; an income statement based on your employment status; and a copy of the title deed for the property in question.

How Do I Submit a Housing Finance Application Through the Website?

If you fill out the relevant contact information and the financing details you wish to use on our website for the preliminary application, your housing finance application will be received, and our team will contact you as soon as possible.

What is its Content?

Documents Required for Application

Application form
Copy of identity card, driver's license or passport
Income certificate according to the person's employment status
Other documents that may be requested by the branch
Photocopy of title deed of the house subject to financing
If necessary, a copy of any of the fixed telephone, electricity, water or natural gas invoices registered in the name of the customer, up to two months ago
Documents to be requested for guarantors, if deemed necessary

Features

Repayment Opportunity with Long Term Option

There is a flexible maturity option up to 120 months.

Profit share rate opportunity suitable for your budget

Calculation according to maturity and solvency

You can make your installment payments in the periods and amounts you specify.

You can collect your installments before their maturity date.

Our New and Used Housing Finance Rates

Financing Amount	Maturity	Profit Rate	Allocation Fee	Annual Cost Rate
100.000 TRY	12 month	%2,96	500 TL	%74.8332
100.000 TRY	24 month	%2,96	500 TL	%63.1853
100.000 TRY	36 month	%2,96	500 TL	%59.3608
100.000 TRY	48 month	%2,96	500 TL	%57.5099
100.000 TRY	60 month	%2,96	500 TL	%56.4511
100.000 TRY	120 month	%2,96	500 TL	%54.7007

*Annual cost rates indicated in the table are calculated for unused and second hand houses over TRY 100.000 and TRY 1.500.000 as an example. Allocation Fee is 0,5% of the financing amount. Appraisement fee is calculated as TRY 1.100. It may vary by location. Mortgage Placement Fee is calculated as TRY 108,24. Also, an additional fee up to the actual cost is received in appraisement and mortgage placement transactions.

Since Home and DASK (TCIP) Insurance fees may vary by location and size of the house, they cannot be included in the annual cost rate calculation. The Bank is entitled to freely evaluate the financing applications, to ask for guarantor/surety and additional documents and to reject the ineligible applications.