Flexible Housing Financing

With the "Flexible Housing Financing" solution, offered for the first time in Turkey, our customers have the opportunity to utilize housing financing with a zero-profit rate.

Customers who do not yet have a down payment or who have postponed purchasing a home due to the financial burden of housing loans can first accumulate their down payment. Once they reach the maturity and target amount they have determined, they will be eligible to utilize housing financing with zero or more favorable profit rates.

You can open a Flexible Participation Account through our mobile or internet banking channels via the "Open Account" menu.

As there are no restrictions imposed on our customers during this period, they may exit the system at any time by withdrawing their accumulated funds along with the net profit share earned.

Features

•  Our customers are expected to make regular payments and accumulate savings in the Flexible Participation Account opened for this purpose.
•  Customers may leave the system at any time by withdrawing the funds accumulated in their participation account along with the net profit share earned.
•  Once our customer reaches the target amount they have set, they become eligible to utilize the Flexible Housing Financing.
•  In addition to standard payment plans, customers can deposit money into the account at any time and in any amount on the maturity date.
•  The amount deposited on the maturity date will be added to the participation account.
•  By forfeiting the profit earned on their principal, our customers may utilize housing financing for different amounts and maturities than originally planned, in addition to the amount and maturity they have accumulated.
•  No system fees or penalty clauses will be applied to our customers regarding this process.
•  The return obtained by our customers from the participation account will be evaluated as a cost-offsetting element for our current housing financing rates.
•  Emlak Katılım financing rates and maturities may vary depending on current market conditions. The housing financing to be provided under the Flexible Housing Financing scope will be evaluated within the framework of our bank's housing financing allocation policies.

Required Documents

•  Application form
•  Photocopy of national ID card, driver's license, or passport
•  Income statement based on the individual's employment status
•  Other documents that may be requested by the branch
•  Photocopy of the title deed of the residence subject to financing
•  If necessary, a photocopy of any utility bill (fixed telephone, electricity, water, or natural gas) registered in the customer's name, dated within the last two months
•  Guarantor and related documents, if deemed necessary