What are the conditions of the loans that are available to consumers within the scope of this law?
The law sets out standard conditions (loan to appraisal value ratio, terms, property features) for consumers regarding these loans. Banks freely determine their own terms and conditions according to their own loan strategies, risk management practices and funding strategies.
You can apply for a loan at the nearest Garanti branch with the documents.
The law does not determine an interest rate nor does it contain a subvention mechanism that would lead to a drop in the interest rates in the short run.