Housing loan interest rates have changed: Good news for first-time homebuyers!

The BDDK has introduced a new regulation for those looking to become homeowners. As part of the launched housing campaigns, mortgage interest rates have been lowered for those purchasing their first home.

The BDDK has implemented a new regulation and launched housing campaigns for those aspiring to be homeowners. While mortgage interest rates for first-time buyers have dropped to as low as 2.79, monthly payments have decreased significantly.

According to the report on Ekol TV, mortgage interest rates for first-time homebuyers have dropped to as low as 2.79. Consequently, monthly payments have also decreased significantly.

Real estate consultant Alper İşler stated, "If low-income individuals can afford the loan within their own capacity, they should definitely use this loan in my opinion."

The BDDK has removed the risk weight applied to individual loans and mortgage loans. İşler assessed, "Public banks started this first, and then private banks also adopted it."

Before the regulation, the monthly payment for a 1 million lira loan with a 4.15 percent interest rate and a 120-month term was as high as 41 thousand 817 lira. Now, with the step taken by the BDDK, this rate has dropped to 2.79 percent for the same amount and term. With the 13 thousand TL reduction, monthly installments have fallen to 28 thousand 966 lira.