Which bank offers the most affordable housing loan? Interest rates and repayment plans for 2025

There is significant movement in housing loan interest rates, which are closely followed by those dreaming of owning a home. Expectations for an interest rate cut in July have increased.

The lowest housing loan rate, which was at 2.95% last week, has dropped to 2.89% this week, stirring the markets. So, which banks offer the most affordable housing loan rates, and how does the repayment table for 1 million TL loan amounts look?

EXPECTATIONS FOR INTEREST RATE CUTS HAVE INCREASED

With the reduction of geopolitical risks and the decline in oil prices, expectations for an interest rate cut in July have come to the fore strongly. As attention turns to loan interest rates, there is a slight decline in the housing loan interest rates offered by some banks in particular.

DOWNWARD TREND IN HOUSING LOAN INTEREST RATES

A downward trend has begun in housing loan interest rates, which are closely monitored by those planning to buy a home.

The lowest interest rate, which was set at 2.95% for 10-year loans last week, has recorded a significant drop this week, falling to 2.89%.

WHICH BANKS HAVE THE LOWEST HOUSING LOAN INTEREST RATES?

Banks continue to compete on housing loan interest rates. According to the latest weekly data, the lowest housing loan rates are as follows:

Akbank: 2.89%

Yapı Kredi: 3.05%

Kuveyt Türk: 3.08% (Profit Share Rate)

İş Bankası: 3.10%

Garanti BBVA: 3.10%

1 MILLION TL HOUSING LOAN REPAYMENT PLAN

The repayments for an individual borrowing 1 million TL with a 120-month maturity are as follows:

Loan Amount: 1 million TL

Loan Maturity: 120 months

Loan Rate: 2.89%

Monthly Installment: 29,879 TL

Total Repayment: 3 million 613 thousand 184 TL

INCREASE OBSERVED IN HOUSING LOAN VOLUME

According to the news in Türkiye Gazetesi, based on data released by the Banking Regulation and Supervision Agency (BDDK), the housing loan volume reached 579 billion 901 million TL in the week ending June 20.

In the previous week, this amount was at the level of 579 billion 215 million TL. A limited increase in housing loan volume is being observed.

In conclusion, this decline in housing loan interest rates stands out as an important development for those who want to become homeowners.

The attractive interest rates and payment plans offered by banks aim to provide convenience to those who want to buy a home. Changes in interest rates in the coming days may create new opportunities in the market.

News Source: 12punto