Housing Loanhome loans
Home loan are long-term credits designed for customers who obtain fully or partly periodic montly earnings on a bank opened transactions bankroll. Disbursements of this kind are made in such a way that the proceeds of the loan are paid directly into the seller's or investor's bank accounts.
If the building of the building is to be financed, the Bank may directly pay a certain part of the amount of the loan to the Customer's bank account due to the special nature of this type of finance, in which the payment is made in accordance with the specified timetable and building conditions. Principal characteristics of the loan: Nominal fixed interest rate of 5.49% p.a.
The borrower may have a co-debtor (who is also a permanent customer of the bank) who is creditworthy and to whom the same terms of the loan apply. Below is a sample amortisation plan for the Ziraat Housing Loan; (*) The customer's overall payment amounts include the loan amount, the overall interest, the loan management charge, the bill of exchange charges of EUR 2.00 and the Regulatory Bureau's request charge of EUR 3.00.
The cost of the estimate, property and casualty has not been taken into account in the computation of overall cash flows and the computation of interest rates.