Will including the housing loans taken out before the law under the scope of the law provide any advantage for these loans?
The most important advantage the law provides for the existing loans is that interest payments will not be subject to BSMV (Banking and Insurance Transaction Tax). Thus the interest burden of the loans that are taken under the scope of the new law will reduce by 5%.
As the loans provided towards the purchase of a property will be subject to the Housing Finance Law after the law comes into effect ...
The loans taken out before the law came into effect will not be subject to an Early Payment Fee, even if they are included within the scope of the new law.