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İktisatbank Property Loan

İktisatbank Mortgage

With İktisatbank Mortgage plans you can open the door to your dreams...

You choose the most favourable İktisatbank Mortgage Plan to suit your needs, own your own house for the same monthly instalment as paying rent.

With an İktisatbank mortgage you can easily plan your budget. Your chosen payment plan remains same until the end of the term, fluctuations in the market interest rates do not affect the payment plan, even if your income only increases year on year in line with inflation your repayments decrease in relation to your income.

Visit your nearest branch to discuss your needs with our professional customer service team, or for further details visit our website or call our triple language speaking team of representatives via our Telephone Banking on 0392 444 4 444. Alternatively leave a message to our team with details of when it is convenient to call you and we will call you back.

Smart Mortgage Package

Decide your own interest rate, pay a lump sum interest payment up front and reduce your monthly payments.

What are the features and the benefits?
•    Prepaid interest, between 1% and 5% of the mortgage amount.
•    Variable interest rate dependent on the amount of prepaid interest.
•    You decide on the interest rate
•    Interest rate remains the same for the term of the mortgage.
•    Monthly repayments remain the same.

Delayed Capital Repayment

At the set up of the mortgage delay repayment for 3 months or for mortgages of over 12 months you delay 1 monthly repayment each year.

What are the features and the benefits?
•    Fixed interest rate.
•    Payment plan is amended so that the delayed instalment payment is spread equally across the remaining instalments.
•    Delayed repayment is the customer’s decision.
•    Don’t wait for your income to increase to buy a house, take advantage of the opportunities you have.
•    Use the option for an urgent and unexpected bill payment.

Mortgage Transfer

With more favourable interest rates available from us why not transfer your existing mortgage.

What are the features and the benefits?
•    Fixed interest rate
•    More favourable interest rates than those that were applicable when you first took out the mortgage.

All Inclusive Mortgage

Earn 5% discount on all bank charges when you take out the mortgage.

What are the features and the benefits?
•    Fixed interest rate
•    Iktisat Home Insurance must be taken when the mortgage is issued.
•    Low fee overdraft facility available for up to the same value as the mortgage.

Flexible Repayment Mortgage

Option to reduce your instalments on a flexible mortgage payment scheme; Any payment over and above the instalment payment made will be deducted from the capital amount borrowed.
So if you have an additional income or commission/bonuses payable on an ad-hoc basis every 3 or 6 months you can pay this onto your mortgage and take advantage of lower interest payment.
Plus it is commission free!

What are the features and the benefits?
•    Fixed interest rate
•    3 months after the start of the Mortgage, make 2 extra payments per year.
•    No commission on extra payments.
•    By making additional instalment payments, you can lower your instalment amount, therefore reducing the amount of interest you pay.

Increase repayments and reduce the term of the Mortgage; Don’t wait to have a large income before you buy a house! Increase your payments as your income increases, with this option you can finish paying off your mortgage early.
What are the features and the benefits?
•    Fixed interest rate
•    Increased payments towards the end of the term.
•    Customer defines when and by how much the increase will be.
•    Without waiting for your income to increase you can take advantage of what you have available.

Mortgages available to all private customers for properties with Turkish Title or Exchange Title deeds. Mortgages available in Turkish Lira and also Currency. Applications to be made at Kibris Iktisat Bankasi Ltd branches or by completing our online Mortgage application form.

For more information about these loans, please call our Telephone Banking service on 444 4 444 or visit your nearest branch.