Will it be possible to take out a loan for a property that is in the construction phase?
The law does not impose any restrictions in regards to providing loans for properties that are in the construction phase. However, as stated in the explanation above, as the loans cannot comply with the criteria required by the law for some capital market instruments, at least until the properties are completed, it is possible that, in the upcoming period, the aforesaid loans will be considered within a different context by the banks in line with their strategies (such as pricing or amount limitations).
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.