What is an Investment Property Loan?

Why Do You Need to Buy a House in 2022?

Buying a new property and stepping into a lucrative future with the wind of a successful investment is, of course, the dream of every investor and investor. But sometimes, the savings required for investment may not be enough. If you spend your days dreaming of investment, investment loans will come to your rescue. You will not have to wait for years for a successful investment. Investor-friendly loans both activate the sector and encourage investors to be more successful.

If you want to invest in property in Turkey, there are loan options for residences and workplaces. You can choose the type of property that suits you best and discover the type of loan that will work for you.

Housing Loan

Many housing ads for sale contain the phrase "suitable for credit". This statement states that you can take out a loan to buy a house and pay this loan in reasonable installments. In the process of obtaining a housing loan, the property to be purchased is secured by the bank, and the applicant is given a loan. Payment terms can be up to 30 years. Interest rates and maturity options vary from bank to bank. According to the law, the value of the house is determined by experts, and then up to 75 percent of the value of the house can be taken as a loan. The buyer must also pay 25% of the price.

Business Loan

Undoubtedly, workplaces are one of the most profitable real estate types. One of the great ways to get into business is to buy a business. You can use the workplace you bought for your own business or rent it out. Business loans provide great advantages to investors. Many banks offer business loan opportunities, but each bank may have different conditions for a business loan. However, in general terms, these loans are similar to each other. The maturity of business loans is up to 120 months. Just like the property loan, the appraisal value of the property is determined first. The property is mortgaged by the bank during the purchase process. Then, a payment plan is created by taking into account the investor's choices.

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