Update on Housing Loan Interest Rates Before Interest Rate Decision: Here are the Rates Offered by Banks
Ahead of the Central Bank's interest rate decision to be announced on Thursday, some banks have decided to reduce interest rates on housing loans. With housing demand being postponed in a high interest rate environment, this move by banks offers an important opportunity for consumers.

The Lowest Interest Rate is 2.84
According to the updated data, the lowest interest rate for a housing loan of TL 1 million with a maturity of 120 months starts at 2.84%. The new rates of the banks are listed as follows:

QNB Finansbank: 2.84
Akbank: 2.89
Vakıf Participation %2,99
Albaraka Turk: 3.00
Garanti BBVA: 3.03
Kuveyt Turk: 3.09
Interest Rates May Be Revised
It should not be forgotten that mortgage loan interest rates may vary according to the amount and maturity. For this reason, you can access the details from the official websites of the banks to get the most up-to-date information.

Credit Limitation for Second Home Buyers
For consumers planning to buy their second home, the limit on credit utilization continues in accordance with the decision taken by the Banking Regulation and Supervision Agency (BRSA). In this context, only 22.5% of the value of the house can be borrowed.
 

Eyes on the Central Bank
The general expectation in the markets is that the policy rate will be cut by 150 basis points. The decision to be announced by the Central Bank is of great importance for a clearer outlook on the duration and rate of monetary tightening.

While these developments in housing loan rates create dynamism in the sector before the interest rate decision, they also offer opportunities for consumers.