The government is continuing with its first home buyer scheme and is continuing to support citizens and young people who want to buy their first home.
Prime Minister Ünal Üstel gave good news that the 3rd ‘My First Home Loan package’ will start today, (February 12) for those who want to own a house.
Underlining that they continue to fulfill their promises to the public and especially to the youth, the Prime Minister stated that they are determined to make 2025 the year of young people.
In his written statement, Prime Minister Ünal Üstel noted that all ongoing projects of 2025 have been completed, new projects that will touch the lives of the people will come to life and most importantly, applications for young people will be implemented.
Underlining that they continue to fulfill their promises to the public and especially to young people, Prime Minister Üstel stated that they are determined to make 2025 the year of young people, as it is in Türkiye.
Prime Minister Üstel reminded that they launched the “My First Home Loan Package” in 2023 and the “II. My First Home Loan Package” in 2024 for the housing purchases of first-time home buyers.
“Within the scope of these loan packages, we made 517 citizens homeowners by providing low-interest and 10-year term loans amounting to 705 million TL to our young people. We continue our support packages for them. For this purpose, we are launching the third My First Home Loan package on February 12. Our aim is to contribute to all our young people to take root in their own land, to establish a home and to secure the future of our country,” said Üstel.
Emphasizing that they will continue to implement other projects for young people in a very short time, he said that the first My First Job Loan Package has also been prepared.
Stating that they have now reached the final stage regarding social housing projects, the Premier stated that they will continue their future journey with confident steps as a government, adhering to their goal of making 2025 the year of young people and projects.
III. My First Home Loan Package Application Requirements are as follows;
– TRNC citizens who do not have a house registered in their name, their spouses and children under the age of 18 and whose household income does not exceed 250 thousand TL will be able to benefit from the credit scheme.
– The loan in question will be equal monthly installments, with a maximum maturity of 120 months and a maximum of 80% of the value of the house to be purchased, not exceeding 2.2 million TL.
– The interest rate of the loan will be 1.75% per month and 21% per annum and no commissions or expenses other than interest will be charged for these loans, except those paid by banks to third parties.
– For the houses purchased with this loan, the buyer will be exempt from the taxes, duties and fees to be paid at the title deed office for the sale and mortgage transactions.
Citizens who wish to benefit from the loan package can apply to Akfinans Bank Ltd, Albank Ltd, Asbank Ltd, Creditwest Bank Ltd, Capital Bank Ltd, Vakılar Bank Ltd, K. T. Koop. Central Bank Ltd., Limasol Türk Koop. Bank Ltd., Novabank Ltd., Şekerbank (Cyprus) Ltd., Türkiye Halk Bank A.Ş., Ziraat Bank A.Ş., Turkish Bank Ltd., Türkiye İş Bank A.Ş. and Near East Bank Ltd.