Citizens who want to benefit from TOKİ’s housing campaign can apply until 19 October. This year, TOKİ will make a 25 percent discount for home and business buyers who want to pay their debts in cash and get their title deeds immediately. In this campaign, which will start tomorrow, the buyers of residences and workplaces whose repayment installments have started until the end of June 2021 will be able to benefit. In addition, a 12.5% discount will be applied to land buyers. Citizens who cannot close their entire debt balance will also be able to benefit from the 25 percent discount campaign. Citizens who will not be able to pay off the entire debt will be able to benefit from a 25 percent discount on their advance payments, provided that it is not less than 25 percent of the debt balance. Housing and business buyers who want to benefit from the campaign must apply to the relevant bank between 23 September-19 October 2022. The discount amount will not be used for debt settlements to be made after this date.
12.5% discount for land buyers
TOKİ also makes discounts for land sales whose payments are ongoing. Citizens who want to benefit from the campaign can apply between September 23 and October 14, 2022. A discount of 12.5 percent will be made for land buyers who want to pay their debts in advance and get the title deed immediately. As of the date of application, the buyers must first make the installment payments for the month in which the debt settlement is made. In addition, there is a condition that there is no retroactive installment debt. Land buyers with 12 or less remaining installments will not be able to benefit from the discount campaign. Payments made to two banks are gaining importance. Buyers who make their payments to Ziraat Bank will be able to apply directly to the bank and close their debts. Land buyers who make their payments to Vakıflar Bankası will be able to learn from the Administration their debt balances subject to settlement.
Who can benefit from the discount campaign?
The buyers of residences, workplaces and land in the projects included in the discount application must not have any dues, installments or any retroactive debts to TOKİ as of the date of application. Housing and business buyers whose sales have been made by TOKİ until 30 June 2021 and whose repayment installments have started before 30 June 2021 at the latest, will be able to benefit from the campaign.
The interest rate for housing loans is 1.29
Housing and business buyers who want to benefit from the campaign will be able to use housing loans from the intermediary banks with which they signed the Real Estate Sales Agreement. Credit conditions in the campaign were determined by Ziraat Bank and Halk Bank. Interest rates will be applied in the same way in both banks. An allocation fee of 5 per thousand will be charged in all amount ranges, with maturities of 1-120 months for “Housing Loan” and “Workplace Loan”. The interest rate will be 1.29 for housing loans and 1.57 for workplace loans.
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