Turkish banks periodically announce promotions (for the sale of mortgaged real estate, etc.); for example, in the summer Ilbank reported the sale of 98 land plots in seven provinces.
However, the nearest auction from Ziraat Bank is particularly interesting. In particular, the fact that it provides an opportunity to become the owner of your own house with a plot of land in exchange for only 22,500 Turkish lira (TL) entry fee.
The monthly payment against the remaining amount of debt is equal to 3326 TL. Such conditions are relevant for those who have received a special housing loan offered by Ziraat.
As for the total cost of housing, for this promotion, you can buy, for example, real estate for 250,000 TL in Giresun, for 207,000 TL in Mardin or for 211,000 TL in Nevsehir.
The bank is ready to provide potential buyers with a loan of up to 90% of the cost of housing; installments for the remaining amount – up to 120 months.
This is one of the many options where installments in Turkey replace mortgages.