Banks have updated interest rates: How much is the repayment for a 1 million TL housing loan?
Many people looking to buy a home are curious about the housing loan interest rates offered by banks. Banks have updated their housing loan interest rates. According to the latest data, the monthly installment amount and the total repayment amount for a 1 million TL housing loan have been determined. So, how much is the repayment for a 1 million TL housing loan, and what is the monthly payment in TL? Here are the details...
The repayment of a mortgage varies depending on the interest rates and options set by the banks. While the monthly installment amount decreases if the borrower chooses a longer maturity period, there is a significant increase in the total repayment amount.
INTEREST RATES FOR A 1 MILLION TL MORTGAGE
For short-term mortgages, the interest rate is lower, but monthly payments are higher.
So, what is the monthly installment and repayment for a 1 million TL mortgage with a 120-month maturity? According to NTV, the monthly installments and total payment amounts by bank are as follows...
AKBANK
Interest Rate: 2.89%
Monthly Installment: 29,878.54 TL
Total Payment: 3,605,044 TL
ALBARAKA
Profit Share Rate: 3.00%
Monthly Installment: 30,889.92 TL
Total Payment: 3,724,550 TL
İŞ BANKASI
Interest Rate: 3.10%
Monthly Installment: 31,815.84 TL
Total Payment: 3,839,600 TL
ING
Interest Rate: 3.24%
Monthly Installment: 33,121.69 TL
Total Payment: 3,990,862 TL
VAKIF KATILIM
Profit Share Rate: 2.99%
Monthly Installment: 30,797.66 TL
Total Payment: 3,710,619 TL
GARANTİ
Interest Rate: 3.03%
Monthly Installment: 31,167.07 TL
Total Payment: 3,761,153 TL
KUVEYT TÜRK
Profit Share Rate: 3.09%
Monthly Installment: 31,722.98 TL
Total Payment: 3,822,348 TL
QNB
Interest Rate: 2.84%
Monthly Installment: 29,421.45 TL
Total Payment: 3,547,701 TL
ZİRAAT BANKASI
Interest Rate: 3.09%
Monthly Installment: 31,722.98 TL
Total Payment: 3,819,131 TL
ALTERNATİF BANK
Interest Rate: 3.29%
Monthly Installment: 33,590.60 TL
Total Payment: 4,044,172 TL
VAKIFBANK
Interest Rate: 3.30%
Monthly Installment: 33,684.53 TL
Total Payment: 4,058,143 TL
HALK BANKASI
Interest Rate: 3.40%
Monthly Installment: 34,626.53 TL
Total Payment: 4,173,883 TL
ZİRAAT KATILIM
Interest Rate: 3.50%
Monthly Installment: 35,573.17 TL
Total Payment: 4,279,345 TL
DENİZBANK
Interest Rate: 4.21%
Monthly Installment: 42,400.78 TL
Total Payment: 5,101,192 TL
ODEA
Interest Rate: 6.99%
Monthly Installment: 69,921.06 TL
Total Payment: 8,401,103 TL
ANADOLU BANK
Interest Rate: 5.25%
Monthly Installment: 52,613.36 TL
Total Payment: 6,326,803 TL
News Source : 12punto
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