Home Equity Loan

For those who want to put up a home they own as collateral, and take out a larger, longer-term loan with suitable interest rates just like a mortgage...
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Home Equity Loan

With the Home Equity Loan, by putting up your property that you own and reside in, you can take out a larger, longer-term loan with suitable interest rates for all your needs.

Home Equity Credit Line

If you want to take out a loan for your needs by putting up the property that you own as collateral and withdraw the amount that you need when you need, in installments, the Home Equity Credit Line is just the thing for you!

Automatic Home Equity Credit Line

If you have a mortgage from Garanti and also want to take out a high-limit, longer-term loan with suitable interest rates for your other needs, you can use the Automatic Home Equity Credit Line.

With the Mortgage that you currently have, you can automatically take out a loan in the amount that you need when you need, within your credit line.

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  • Features and Benefits

    Home Equity Loan

    • The loan can be taken out in TL.
    • The maximum term is 36 months.
    • The Home Equity Loan interest rate in effect at Garanti at the time the loan is issued will be applied.
    • The property pledged as collateral for the loan must be owned by you.
    • The interest rate type for the Home Equity Loan can be determined as fixed or variable rate.
    • In case of early payment, 1% of the early payment amount is charged as the early payment fee.
    • A Loan amount up to 50% of the appraisal value of the property to be pledged and a maximum of USD 250.000 can be taken out.
    • While a guarantor is not required in general, our branches reserve the right to demand one, if they find necessary.

    Home Equity Credit Line

    • The loan can be taken out in TL.
    • The maximum term is 36 months.
    • The entire limit should be used within 24 months after the first portion is taken out.
    • The Home Equity Credit Line interest rate in effect at Garanti at the time the loan is issued will be applied.
    • The property pledged as collateral for the loan must be owned by you.
    • The interest rate type for the Home Equity Credit Line is fixed rate.
    • In case of early payment, 1% of the early payment amount is charged as the early payment fee.
    • A Loan amount up to 50% of the appraisal value of the property to be pledged and a maximum of USD 250.000 can be taken out.
    • The minimum loan amount is USD 10.000.
    • While a guarantor is not required in general, our branches reserve the right to demand one, if they find necessary.

    Automatic Home Equity Credit Line

    • The loan can be taken out in TL.
    • The maximum term is 36 months.
    • The entire limit should be used within 24 months after the first portion is taken out.
    • The Automatic Home Equity Credit Line interest rate in effect at Garanti at the time the loan is issued will be applied.
    • The property pledged as collateral for the loan must be owned by you.
    • The interest rate type for the Automatic Home Equity Credit Line is fixed rate.
    • In case of early payment, 1% of the early payment amount is charged as the early payment fee.
    • The total of the amount to be borrowed under the Home Equity Credit Line and the amount already lent under the mortgage limit cannot be more than 75% of the appraisal value of the property to be pledged.
    • The minimum loan amount is USD 5.000 and the maximum is USD 100.000.
    • While a guarantor is not required in general, our branches reserve the right to demand one, if they find necessary.

    * The Home Equity Credit Line and the Automatic Home Equity Credit Line products cannot be used simultaneously.

  • Interest Rates
    Product 6 Months 12 Months 18 Months 24 Months 36 Months 48 Months 60 Months 96 Months 120 Months 180 Months 240 Months
    Home Equity Loan1,391,391,391,391,391,39-----

    Last Update : 10/12/2016 07:13

  • FAQs

    We found the following questions in our Help & Advice which might be useful for you...

    Will there be any changes in the loan application / evaluation process within the scope of the new law?

    With the new law, banks must present a Pre-Agreement Information Form ("SÖBF") to the consumers.

    Find out more

    What will be the interest rates of the loans within the scope of the new law?

    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.

    Find out more

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