How to apply for housing for TOKİ middle income groups, how is the payment plan?

After the housing prices increased due to the economy programs carried out, the government created a housing project for the middle income group of TOKİ. The campaign will start on January 16. Applications will be made at designated bank branches.

WHEN TO APPLY TOKI VIVIENDA MEDIA RENTA?

The campaign will start on January 16. Applications will be made at designated bank branches. As of January 16, citizens will be able to follow all the news and details of our “New Housing Campaign” on the web page that is established.

No application fee will be charged.

IN WHICH PROVINCES IS THE TOKİ MIDDLE INCOME HOUSING PROJECT LOCATED?

Within the scope of the program, Istanbul 1st Region;

Ankara, Izmir, Bursa, Antalya, Mersin and Muğla 2nd region,

All other provinces were determined as the 3rd region.

The campaign will be valid in 81 provinces and in the first stage it is expected to sell 100,000 homes.

0.69 CREDIT TERMS

Applicants must not own a home.

Within the scope of our program, our citizens will be able to use home loans in 3 different stages.

First, the finished residences.

Second, houses that have been completed at a certain rate and meet the banks’ lending criteria.

Third, the houses to be built.

In the first two cases, if the conditions related to the residence and the applicant are evaluated as suitable for the loan by the corresponding bank, the financing opportunity and the contribution of our Ministry within the scope of the Program will be provided.

In the third case, which includes new projects, the main criterion will be the evaluation of the housing project, of which the house is a part, as suitable to be lent by our banks.

In this case, for the project to be included in this program, the bank must sign a guarantee contract with the contractor per project. In this way, it will be possible to use housing loans without laying the foundation for construction.

It is a campaign that can benefit those with a maximum income of 80,000 TL in the 1st region, 65,000 TL in the 2nd region, and 45,000 TL in all 3 regions. The cooperative members are excluded from the ownership of shared property titles and donations by donation.

HOW WILL THE TOKİ MIDDLE INCOME HOUSING APPLICATION FEES BE PAID?

Fees will not exceed 40 percent of household income; it will even drop to the 25-30 percent level in many installments. Applications will be made for completed and near-complete residences.

* The financing that will be granted under our program will be for zero housing units.

* Interest rates/participation in profits will be applied with rates starting at 0.69 percent in financing to be lent with a maximum maturity of 15 years.

* Purchased residences will not be sold for 5 years.

* The minimum down payment rate in all regions has been set at 10 percent.

* The Ministry of Finance and Treasury will be responsible for a certain part of the amount of the monthly installment that our citizens will pay in the first three years, provided that the loan is repaid before the total maturity of the loan.

FEES FROM 4 THOUSAND TL AND OVER 12 THOUSAND TL

Treasury and Finance Minister Nureddin Nebati explained the exemplary payment plan in the ‘New Home Campaign’, which offers middle-income people the opportunity to own a house with 0.69 percent interest and a maturity of 15 years old:

“Today, a citizen can own a house with a monthly payment of TL 13,587 when using a loan of TL 1 million with 1.2 percent.

In the new system, our citizens will pay a monthly fee of 4,410 TL in the first year, with 0.69 percent in the first 3 years. In other words, you will make an annual payment of TL 52,922. Assuming the monthly household income is TL 15,000, the household with this amount of income will own a house with a 30 percent down payment.

In the second year, households pay 5,400 TL in installments. The fees for the third year are 6 thousand 480 TL. In the first 3 years, we take all the load, the citizen enters the system as if he were paying rent here.

Stating that the fourth installment increased to TL 10,315 per year, Nebati said, “With each passing year, TL 10,315 remains constant, and the total payment amount increased to TL 1,909,570 by increasing it. to 12 thousand 697 TL in the last 8 years”. .

WHAT WILL BE THE MONTHLY FEE OF THE CREDIT CHECK OF 5 MILLION TL?

However, the account that Nabati made was for the citizen who took a loan of 1 million TL.

One of the question marks is whether an interest of 0.69 will be applied to the citizen who requests a loan of TL 5 million.

Real estate appraisal expert Ahmet Büyükduman, who gave information to Sozcu.com.tr, stated that in case of 0.69 interest, the citizen who obtains a loan of 2 million TL will have a monthly installment of approximately 20 thousand TL, and the one who takes a loan of 5 million TL will have a monthly installment of approximately 50 thousand TL.

Consequently, if the same interest rate, ie 0.69 percent, is applied to all loan amounts, a citizen who borrows TL 2 million will pay TL 19,438 in monthly installments; Those using a TL 3 million loan will pay TL 29,157 per month, and those using a TL 5 million loan will pay TL 48,594 in installments.

During the first 3 years, a significant part of these amounts will be assumed by the Public Treasury. Citizens will not pay more than 40 percent of their income in the first 3 years. After 3 years, the Treasury will return the support with interest. It is expected that this amount to be paid will be added to the amounts of the monthly installments.