HOW LONG WILL MORTGAGE LOANS BE GIVEN?

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HOW LONG WILL MORTGAGE LOANS BE GIVEN?

⚡️QUESTION;
I wanted to buy a house on a subsidy basis. If I am paid a subsidy for a portion of the down payment of the house I am receiving, how long do I have to pay the rest of the fees?

⚡️ANSWER;
Presidential Decree No. PF-11.03.2021 of 6186 stipulates that the Ministry of Finance will allocate funds to commercial banks and mortgage loans to the population by commercial banks for a period of 6 years (including the twentieth year) with a grace period of 20 months.

🟢 Based on the above, you can pay the remaining housing payments for 20 years. How much you have to pay each month for 20 years will be shown on your payment schedule based on the price of the home you received.

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