Loans in Turkey: Payments, Costs and Foreign-Customer Requirements
Understand loans in Turkey, compare total costs, check bank-specific foreign-customer requirements, and calculate an illustrative repayment schedule.
Table of Contents
In Türkiye each bank decides on every loan itself, but the state caps how long a loan may run and, for cars and homes, how much of the price it may cover. The price is more than the interest: two taxes and a fee come on top, and the tool below adds them up month by month.
In short · checked 25.10.2026
The bank decides, the state sets the limits.
- Personal loans: the term depends on the amount. Up to 125,000 TL a bank may lend for 36 months, up to 250,000 TL for 24 months, above that for 12 months (BDDK, the banking regulator, 13.02.2025).
- Car and home loans: the share of the price depends on the price. The more the car or home is worth, the smaller the share a bank may lend. For a home, the energy class counts too.
- The price is more than the rate. Interest, two state charges on it (BSMV and KKDF) and fees such as the allocation fee all add up. The hourglass shows each one.
- Your rights: a written contract, 14 days to withdraw, and lower interest when you repay early.
- For a foreigner, no rule is the same at every bank. Each bank lists its own papers: ask it before you apply.
Example, not an offer · checked 25.10.2026
The instalment hourglass
Pick a loan, then change the numbers. The sand is everything you pay: the money lent (blue), interest (red), BSMV and KKDF (green) and fees (yellow). Move the bead to see any month.
The three examples as a table
| Loan | Example | Instalment | Total paid | Annual cost | Bank table row | Rate source |
|---|---|---|---|---|---|---|
| Personal loan | 100,000 TL, 24 months, 5.39% a month | 8,724 TL | 209,957 TL | 127.1% | 13 to 24 months, 100,000 to 125,000 TL: 5.39% to 8.79% a month. | Example rate from a bank’s published cost table, dated 14.09.2026; not an offer: type your bank’s rate. |
| Car loan | Car 300,000 TL, loan 150,000 TL, 36 months, 3.99% a month | 9,284 TL | 335,437 TL | 84.8% | 1 to 36 months: 3.99% a month; pledge fee 350.92 TL (01.01.2026). | Example rate from a bank’s published cost table, dated 01.06.2026; not an offer: type your bank’s rate. |
| Home loan | Home 3,000,000 TL (energy class C), loan 1,000,000 TL, 120 months, 2.88% a month | 29,787 TL | 3,606,241 TL | 42.4% | 120 months: 2.88% to 3.74% a month; no BSMV or KKDF on housing finance; appraisal 23,202 TL, mortgage entry 3,600 TL. | Example rate from a bank’s published cost table, dated 30.06.2026; not an offer: type your bank’s rate. |
Rates change every week and differ by bank and by borrower. The examples come from one bank’s published cost table (Yapı Kredi, tariff checked 21.10.2026); type the rate your own bank gives you.
Who can borrow: four checks
Each bank decides who gets a loan, and the banks’ own lists of papers differ. Four checks come up again and again: who you are, what you owe, what you earn and what backs the loan.
Identity and the foreigners’ ID number
The foreigners’ ID number (yabancı kimlik numarası) is the number the population registry gives to foreigners, in place of a citizen’s ID number. It is printed on the identity documents of refugees, people with subsidiary protection and stateless people. The tax number (VKN) is a separate number, which foreigners can apply for on a tax-office page of its own.
Findeks, the credit score
Findeks is a credit score from the Credit Registration Bureau (KKB). Banks look at it when they decide on a loan. It summarises your repayment record: 45% repayment habits, 32% current account and debt status, 18% how much credit you use, 5% new credit. Paying after the due date is a main reason it falls. You can look up your own score.
Proof of income
Ziraat’s list asks for an income document that depends on your work status. Garanti BBVA’s mortgage steps ask for an income certificate and the title deed after the identity number. Both add that the branch may ask for other papers.
A pledge or a mortgage
A pledge (rehin) on a car, or a mortgage (ipotek) on a home, is a claim the bank registers so that it can take the car or home if the loan is not repaid. Garanti BBVA takes a first mortgage for an amount that covers the credit risk. Yapı Kredi’s tariff prices both entries.
Ask the bank first
Ask the bank how long the foreigners’ ID number takes, whether you can apply on a tourist stay, and which residence permits it accepts. If it asks for foreign papers to be legalised or notarised, these guides explain what that means: legalisation and notarisation.
What five banks’ own pages say: one dated fact each
Each card holds one fact from a bank’s own page, checked on the date shown. The cards run in alphabetical order and are not a ranking. A missing line means the page is silent, not that the bank says no.
How to read the cards
- One fact per bank, from its own page and with its date.
- Alphabetical order. No bank is placed above another.
- Silence is not a refusal. What a page does not say stays unknown until you ask the bank.
Home loan pageDenizBank
Its mortgage page says a home loan can reach 90% of the appraisal value, run for 0 to 120 months and carries a 0.5% allocation fee.
Mortgage FAQGaranti BBVA
Its FAQ says foreign nationals and people living abroad may take a mortgage indexed to USD, EUR or GBP “if deemed suitable”, while Turkish citizens can use lira only. See also exchange rates.
Expat property financingKuveyt Türk
A participation bank (katılım bankası): it calls its price a profit rate, not interest. Residents abroad apply in lira only; foreign citizens on its reciprocity list can apply in lira or foreign currency, for up to 50% of the appraisal value. More on the bank: Kuveyt Türk guide.
Yapı Kredi
Its tariff gives every line its own date. The home-loan rate row is dated 30.06.2026, the car-loan rate 01.06.2026 and the personal-loan rates 14.09.2026. The examples in the tool come from these rows.
Required documentsZiraat
For a consumer loan its page lists an application form, a copy of an ID card, driving licence or passport, an income document by work status, and other papers the branch may ask. A home loan adds the title deed of the home to be bought. More on the bank: Ziraat Bank guide.
Three kinds of loan: what the state caps
BDDK (Bankacılık Düzenleme ve Denetleme Kurumu, the banking regulator) caps the term of a personal loan by its amount, the share and term of a car loan by the car’s price, and the share of a home loan by the home’s value and energy class. A cap is a rule for the bank, not a promise that it will lend that much.
Which loan?
A personal loan (ihtiyaç kredisi, literally “need loan”) is cash with no purchase attached. The longest term depends on the loan amount. The band is set by what you still owe on all your personal loans opened since 13.02.2025 (Garanti BBVA).
| Loan amount | Longest term |
|---|---|
| Up to 125,000 TL | 36 months |
| Above 125,000 TL, up to 250,000 TL | 24 months |
| Above 250,000 TL | 12 months |
BDDK decision 11152, 13.02.2025, with its press notice of 14.02.2025 · checked 25.10.2026. BDDK press notice · Garanti BBVA
A car loan (taşıt kredisi) is secured by a pledge on the car. For a consumer buying a passenger car, the car’s final invoice value sets both the largest share of the price a bank may lend and the longest term.
| Final invoice value up to | Largest loan | Longest term |
|---|---|---|
| 400,000 TL | 70% of the price | 48 months |
| 800,000 TL | 50% of the price | 36 months |
| 1,200,000 TL | 30% of the price | 24 months |
| 2,000,000 TL | 20% of the price | 12 months |
| Above 2,000,000 TL | no loan (0%) | none |
BDDK decision 10099, 21.02.2022 · checked 25.10.2026. Electric cars made in Türkiye, bought by taxpayers covered by a corporate-tax provision, have their own bands in later decisions (10586, 10880, 11158). BDDK decision 10099 · Garanti BBVA · decision 11158. Buying used? See the used-car guide and car insurance guide.
A home loan (konut kredisi, “housing finance”) is capped by the share of the home’s value, and the share depends on the value and on the energy class. The table covers loans to buy a home and loans secured by a home.
Home loans · BDDK decision 11364, 29.01.2026
The largest loan, as a share of the home’s value
- A or B
- C
- D or lower
Up to 5 million TL
5 to 7 million TL
7 to 10 million TL
10 to 20 million TL
Above 20 million TL
The tool above lights the bar that matches your home. The dashed mark shows the share left when the borrower, spouse or a child under 18 already owns a home.
- Energy class
- It comes from the building’s Energy Identity Certificate (Enerji Kimlik Belgesi, Law 5627). The decision groups A and B, then C, then all others.
- If you already own a home
- The share is applied “reduced by 75 percent” when the borrower, spouse or a child under 18 owns at least one home. So a 90% share becomes 22.5%. Homes in villages (and in places that stopped being villages under a 2012 law) are not counted; neither is a title share of 50% or less, unless the person holds shares in several homes.
- Term
- The BDDK decisions above set the share, not a term. DenizBank lists 0 to 120 months; Yapı Kredi lists rates for 36, 60 and 120 months.
BDDK decision 11364, 29.01.2026, which keeps decision 10656, 24.08.2023, in force on the reduction. BDDK decision 11364 · decision 10656. Participation banks such as Albaraka call the price a profit rate and the loan financing.
What the energy class changes
Two homes of the same value can be financed at different shares. A home of 3,000,000 TL with energy class A or B may carry a loan of up to 2,700,000 TL; with class C, up to 2,400,000 TL; with class D or lower, up to 2,100,000 TL. These are limits for the bank, not offers.
What a loan costs: six parts
The instalment is only part of the price. Six things make up what a loan costs. Each tab says what the part is, why it exists, who pays, how much and when. The hourglass adds up the interest, both taxes, the allocation fee and the fixed fees; insurance stays out of its sum.
Which part of the price?
- What it is
- The price of borrowing the money (faiz), quoted as a rate per month. Banks quote it before taxes; BSMV and KKDF come on top.
- Why
- It pays the bank for lending you the money for the term.
- Who pays
- You, inside every instalment.
- How much
- Dated examples from Yapı Kredi’s table: 5.39% to 8.79% a month on a personal loan of 100,000 to 125,000 TL over 13 to 24 months (14.09.2026); 3.99% a month on a car loan (01.06.2026); 2.88% to 3.74% a month on a home loan (30.06.2026). They are not offers: rates change every week.
- When
- Every month, worked out on what you still owe.
- In the contract
- A fixed-term loan has a fixed rate, and the bank may not change it against you. If the contract leaves out the rate, the annual cost or the total cost, you repay the amount without interest until the end of the term (Law 6502).
- What it is
- BSMV (Banka ve Sigorta Muameleleri Vergisi, the Banking and Insurance Transactions Tax) is a state tax on banking and insurance transactions. On a loan it is charged on the interest and on some fees.
- Why
- The law sets it. The bank works it out on the interest and pays it to the tax office.
- Who pays
- You, with each instalment.
- How much
- 15% of the interest. The 0.5% allocation fee on a personal or car loan carries 15% BSMV too. Appraisal fees are exempt, and housing finance is exempt in Yapı Kredi’s tariff; DenizBank’s page says BSMV on a mortgage depends on whether the borrower, spouse or a child under 18 already owns a home.
- When
- With each instalment, on that month’s interest; on the allocation fee once, at the start.
- What it is
- KKDF (Kaynak Kullanımı Destekleme Fonu, the Resource Utilisation Support Fund) is a state levy that banks collect on some loans and pay into the fund.
- Why
- The state sets it by decree (2010/974); the bank collects it from you and pays it into the fund.
- Who pays
- Individuals who take a consumer loan that is not for business use. You pay it, with each instalment.
- How much
- 15% of the interest. Mortgage loans are exempt, says DenizBank’s page. Yapı Kredi’s tariff marks a loan secured by a mortgage that is not a purchase loan as “KKDF’lidir”, meaning it carries KKDF.
- When
- With each instalment, on that month’s interest.
- What it is
- The allocation fee (tahsis ücreti) is a one-off fee for opening the loan.
- Why
- The Ministry of Trade says a bank may charge no other fee on an individual loan than the allocation fee and the ones the central bank’s fee notice lists: appraisal and the pledge or mortgage entry.
- Who pays
- You.
- How much
- At most 0.5% of the loan. DenizBank and Yapı Kredi print 0.5%. On a personal or car loan 15% BSMV is added; on housing finance it is exempt.
- When
- At the start. DenizBank says it is deducted from the loan amount.
- What it is
- The appraisal fee (ekspertiz ücreti) pays a valuer to set the home’s value. The pledge entry fee (rehin tesis ücreti) registers the bank’s claim on a car; the mortgage entry fee (ipotek tesis ücreti) registers it on a home.
- Why
- The bank needs a value and a registered claim before it lends. Costs paid to third parties are charged at cost, says Kuveyt Türk.
- Who pays
- You.
- How much
- Yapı Kredi’s table: appraisal 23,202 TL (05.01.2026), mortgage entry 3,600 TL (07.11.2025), pledge entry 350.92 TL (01.01.2026). It adds that no mortgage entry fee is collected when the mortgage procedures run electronically. Kuveyt Türk gives a minimum appraisal fee of 23,203 TL that varies with the location.
- When
- Once, at the start.
- What it is
- Insurance tied to the loan is optional. The compulsory earthquake insurance (Zorunlu Deprem Sigortası) of DASK (Doğal Afet Sigortaları Kurumu, the Natural Catastrophe Insurance Institution) is separate and must be taken for a bank-financed home. DASK says the insurance pays in cash, up to the limits written on the policy, for damage to the building that an earthquake causes directly, or a fire, explosion, tsunami or landslide that follows it; contents, injuries and lost rent are not covered.
- Why
- A bank may sell you insurance with a loan only on your express request, and you may buy it from another insurer (Law 6502). DASK says the policy goes with bank-financed home loans.
- Who pays
- You, as the policyholder.
- How much
- Yapı Kredi’s cost table counts an average of 1,500 TL a year for a home; the real premium depends on the home.
- When
- The policy is checked at the title-deed office when the home is registered. If it is not renewed during the loan, the bank informs you and renews it.
Here is the personal-loan example from the hourglass: 100,000 TL over 24 months at 5.39% a month. Of the first instalment of 8,724 TL, only 20% repays the loan; 80% is interest and taxes. By the last month the interest is small.
| Month | Instalment | Principal repaid | Interest | BSMV and KKDF | Principal left |
|---|---|---|---|---|---|
| Month 1 | 8,724 TL | 1,717 TL | 5,390 TL | 1,617 TL | 98,283 TL |
| Month 2 | 8,724 TL | 1,838 TL | 5,297 TL | 1,589 TL | 96,445 TL |
| Month 24 | 8,724 TL | 8,153 TL | 439 TL | 132 TL | 0 TL |
The 24 instalments add up to 209,382 TL. With the allocation fee of 575 TL (0.5% plus BSMV) the loan costs 209,957 TL in all. The annual cost (yıllık maliyet oranı) turns the monthly cost, taxes and fees included, into a yearly percentage: here 127.1%.
Law 6502 calls it the effective annual interest rate and requires the contract to state it. Garanti BBVA leaves insurance out of its figure.
A worked example from the hourglass, not a bank document. Rate: Yapı Kredi’s table, 14.09.2026 row; the tool counts to the lira and a bank’s own plan can differ by small amounts.
From application to payout: five steps
A loan runs on paper: an information form before the contract, a written contract, then payout. For a car or a home, the bank also registers its claim.
- ApplicationYou give the bank your identity number and the papers on its list (see the four checks above). If the bank turns you down, it must tell you at once and free of charge, in writing or in a file.
- Information formA reasonable time before the contract, the bank must give you a pre-contract information form, on paper or in a durable form such as a file. It must be in plain language and at least 12-point type.
- Written contractA consumer-loan contract is valid only in writing. Look for the rate, the annual cost and the total cost: if any is missing, you repay it without interest.
- Checks and entriesA home: appraisal, DASK insurance and the mortgage entry. A car: the pledge entry. The one-off fees from the cost tabs fall due here.
- Payout, then 14 daysThe bank pays out. You can still withdraw within 14 days; see the band below.
The information form must show · Law 6502 regulation
- the type of loan, the term, and the total amount with any fees
- the monthly and yearly contract rate
- the annual cost and the total you will pay, worked out on a sample
- a sample payment plan for your amount and term
- the late-interest rate and what missed payments lead to
- that insurance needs your express request and can come from another insurer
- your right to withdraw and your right to repay early, with a discount
- how long the information binds the bank
Your right · Law 6502
14 days to withdraw, without penalty.
You can withdraw from a consumer-loan contract within 14 days. If you have already used the money, you repay the principal and the interest that has built up within 30 days of telling the bank.
The information form must explain how this right works and how the interest is worked out.
What a bank may not tie to your loan
- Insurance only on your express request, from the insurer you choose.
- Other products: a bank may not make the loan depend on buying them.
- Fees: the allocation fee, appraisal and pledge or mortgage entry; the Ministry of Trade names no others.
Ministry of Trade, consumer credit · checked 25.10.2026
Paying back early or late: what the rules say
You may repay a loan early, and the bank must cut interest and costs. If you pay late, late interest is capped, and a bank can call in the whole debt only after two missed instalments in a row and a written warning.
At least one instalment
A payment of at least one instalment counts as an early payment. The bank must then cut interest and costs in line with the amount you pay.
Principal plus interest to the day
You pay the remaining principal, the interest that has built up to that day and any taxes and charges still unpaid. You do not pay the interest for the months you skip.
Housing finance only
An early-payment fee is allowed on fixed-rate housing finance only: at most 1% of the principal paid early if 36 months or fewer remain, 2% if more, and never more than the interest you save. Floating-rate loans carry none. Yapı Kredi applies its fee, on a line dated 07.11.2025, to housing finance only.
- An instalment is lateLate interest runs on it, capped at the contract rate plus 30% of it: at a contract rate of 1% a month, at most 1.30%. KKB says paying after the due date is a main reason the Findeks score falls.
- A second one in a rowOnly now does the bank have the right to call in the whole debt, and only if it has done everything it owed you.
- A written warningThe bank must warn you in writing and give you at least 30 days.
- The whole debt falls dueThe instalments called in are counted without interest, commission and similar costs.
Sources and limits
Show the pages checked
- BDDK press notice, 14.02.2025: personal-loan terms (decision 11152, 13.02.2025) — BDDK, checked 25.10.2026
- BDDK decision 10099, 21.02.2022: car loans — BDDK, checked 25.10.2026
- BDDK decision 11364, 29.01.2026: home loans by value and energy class — BDDK, checked 25.10.2026
- BDDK decision 10656, 24.08.2023: borrowers who already own a home — BDDK, checked 25.10.2026
- decision 10586, 10880, 11158 — BDDK decisions on electric cars made in Türkiye, checked 25.10.2026
- List of BDDK board decisions — BDDK, checked 25.10.2026
- Tüketici kredisi sözleşmeleri hakkında bilgilendirme (21.01.2025) — Ministry of Trade, checked 25.10.2026
- Konut finansmanı sözleşmeleri hakkında bilgilendirme — Ministry of Trade, checked 25.10.2026
- 6502 sayılı Tüketicinin Korunması Hakkında Kanun ve uygulama yönetmelikleri (April 2020) — Ministry of Trade, checked 25.10.2026
- Yabancılar ve Uluslararası Koruma Kanunu (Law 6458) — Mevzuat Bilgi Sistemi, checked 23.10.2026
- Findeks Kredi Notu — Credit Registration Bureau (KKB), checked 25.10.2026
- KKDF oranları — Revenue Administration (GİB), checked 25.10.2026
- Yabancılar için potansiyel vergi kimlik numarası başvurusu — Revenue Administration (GİB), checked 16.10.2026
- Konut kredileri ve tapu işlemleri — DASK, checked 25.10.2026
- Teminat ve kapsamı (Zorunlu Deprem Sigortası) — DASK, checked 25.10.2026
- Kredi hesaplama — Garanti BBVA, checked 25.10.2026
- Mortgage: frequently asked questions — Garanti BBVA, checked 25.10.2026
- Konut Kredisi (Mortgage) — DenizBank, checked 25.10.2026
- Homeland property financing for expats — Kuveyt Türk, checked 25.10.2026
- Become a customer — Kuveyt Türk, checked 22.10.2026
- Bireysel ürün ve hizmet ücretleri (tariff, last updated 09.10.2026) — Yapı Kredi, checked 21.10.2026
- Gerekli belgeler — Ziraat Bankası, checked 25.10.2026
The cover is an illustration. Photos are from Wikimedia Commons, with their authors and file pages in the captions. The four bank logos are unaltered SVG files from Wikimedia Commons (public domain, trademarked); each is linked to its file page on its card, and a logo only names the bank, it does not mean the bank took part in this guide.
This guide is general information, not financial advice. It does not recommend a bank or a loan. Ask your bank for its current terms, and read the information form before you sign.
