Mortgage in Turkey

We advice Denizbank to our customers for their mortgage needs.

Benefits of banking with Denizbank:

- Friendly English speaking staff (and sometimes also French and German)
- Good credit conditions and competitive rates
- Knowledge of the all the legal obligations, restrictions and procedures applicable for foreigners banking in Turkey
- Beside the mortgage we assist on money transfers local bill payments, local (house and personal) insurances
- Many foreigners already joined the DenizBank success story and are banking with us
- They are the true guidance on your way financing your second house(s) in Turkey.

1 - Please bring all the required information to the nearest branch of your new house. Together with the branch you will discuss all the conditions and benefits of the loan.

2 - After your approval we will complete the application form and start the application procedure.

3 - The bank will send a appraiser to you house to value your property

4 - Maximum 5 working days later the branch will inform you about the offering that we can do to you

5 - You will be handed out the pre term sheet that you can use as our written promise to you

6 - After presenting the pre term sheet to you, you are asked to sign the pre term sheet and pay the commitment fee

7 - After signing a period of maximum four months starts to arrange:

   - DASK: (nature disaster insurance)

   - House insurance; İskan Ruhsati (house permission)

   - Approval of the ministry of Defense (Savunma Bakanliği)

   - Tax number and opening a demand deposit account

   - After collection of all the documents mentioned above the bank will give its final approval will make an appointment to pay out the loan and put the mortgage on the title deed at the Tapu office

Off Plan Mortgages
DenizBank makes deals with project developers to finance uncompleted houses in a project. Sometimes DenizBank gives loans before completion of the house or gives you upfront the commitment that DenizBank will pay out a loan after completion at upfront agreed conditions. Go to you nearest branch to ask for our current joint promotion with develops and ask for the special conditions.

	Employed	Self employed	Retired
Official tax statement of the most recent year in the home country (for example P60)
The official document that shows the applicant’s credit history/records in the country where the applicant currently resides.
Copy of the Tapu of the object that will be bought (“Kat mulkiyet tapusu” or “Kat irtifak tapusu + yapi kullanim izin belgesi”)
Copies of passports made and signed by the branch or notary
Income statement of employers signed by the employer
Official document/declaration from a public notary/cadastre that the person who signed the income statement is allowed to sign
Bank statements declaring the income (not older than 3 months)
Annual report of the holding company for the last two years together with a copy from the shareholder register
Documents proving monthly financial obligations (rent, house loan installments, alimentation)
Overview of private assets proven by official statements
Overview of private debts proven by official statements
Signed application form

*Official translation of all documents (other than Turkish or English) into Turkish is required (the branch is happy to asist on this)

**Tax number is required. The applicant shall apply to the local tax office in Turkey and get a tax number

***In case the applicant has the residence permits of several countries, the official credit record documents to be arranged by each country’s relevant authorities must be submitted to Denizbank. The documents must be notarized and apostilled.

Joint Applications:

1 - If more than one person is represented on the title deed (tapu), for each of the person a sepereta application form must be filled

2 – If only one name is / will be written on the title deed (tapu) only one application form is required. In that case a partner can become guarantor of the loan in order to meet with the debt to income requirements.