Non-Resident Mortgage

GarantiBank now provides mortgages to foreign country residents as well as Turks residing outside of Turkey.

Foreign citizens or non-residents considering a second-home in Turkey or just investing in Turkey can benefit from the wide product range of Garanti, as well as competitive interest rates in Turkish Lira, Euro, US Dollar and British Pound.

Even though mortgages are relatively new in Turkey, GarantiBank is currently the market leader, with a decent focus on providing the necessary expertise and a wide range of product. Garanti customers may benefit from the largest range of products and services, from fixed rate to variable rate mortgages, based on different needs, preferences and risk.

Preferences:

• Origination available in Turkish Lira, Euro, US Dollar, British Pound
• Maximum loan term of 20 years
• Maximum loan-to-value (LTV) ratio of 65% for EU countries, Switzerland, Norway
• Maximum loan-to-value (LTV) ratio of 50% for all other nations
• Maximum loan amount of 500.000 TL or the same amount of loan currency calculated by the up-to-date conversion rates

Required Documents for Application:

• Tax ID Number provided by Turkey
• Appraisal report of the property
• Non- Resident application form (provided by the branch)
• Sample copy of the passport or the original copy of official residence letter
• Credit Bureau record from applicant's home country
• Utility, cable or telecommunication bill noting the address of the customer
• Security check obtained from military authorities in Turkey
• Previous three month's bank account / credit card / overdraft statements

To get more information about Garanti Mortgages and the application process, please visit Garanti Branches

Click for the interest rates.