CAN FOREIGNERS TAKE A HOUSING, VEHICLE OR REQUIREMENT LOAN IN TURKEY?

Foreign nationals living in Turkey can obtain a loan if they have a residence permit or a work permit. They can apply for consumer loans to get home, vehicle and consumer loans from banks in Turkey.

There are some situations that foreigners should pay attention to in order to be able to find a loan application. Foreigners residing in Turkey must prove their residence and work permits in order to obtain a loan. Banks require foreigners to have a residence or work permit of at least 12-24 months. Now, the situation of foreigners to take out loans has been facilitated.

THE TRIC CITIZEN IS CONDITION TO SHOW A VENDOR

Foreign person who wants to apply for a loan, after proving his residence or work permit, also wants a guarantor for the loan. This that the guarantor must be a Turkish citizen  required. Because banks do not take this risk in case the foreigner leaves the country, does not return or is deported.

In case of applying for a loan to purchase a real estate, the title deed of the real estate, water or electricity bills must also be submitted to the bank. Banks determine the loans they give to foreigners according to the value of the relevant real estate.

For foreigners working in Turkey, documents showing their last 3 months’ income and payroll are also requested. Since this requested document is an indicator of whether the person is unemployed or not, it is not possible for the unemployed foreigner to take out a loan. One thing that a non-working foreigner can do in this situation is to submit the account movements in his own country to the bank. Finally, for the loan application, photocopy of the passport and the application form must be submitted to the bank. The documents requested from foreigners according to the type of loan requested are as follows;

Housing Loan for Foreigners / required documents

* Residence Permit and Work Permit

* Copy of passport

* Guarantee

* Deed of the real estate to be purchased

* Guarantor (Turkish Citizen)

* Income Status Certificate

Purpose Loan for Foreigners / required documents

* Residence Permit and Work Permit

* Certificate of Income Status

* Passport Copy

* Guarantee

* Guarantor (Turkish Citizen)

Vehicle Loan for Foreigners / required documents

* Residence Permit and Work Permit

* Proforma invoice of the vehicle to be purchased

* Certificate of Income Status

* Passport Copy

* Guarantee

* Guarantor (Turkish Citizen

Finally, the main banks that give loans to foreign nationals;  Ziraat Bank, Vakifbank, Isbank, Garanti Bank, QNB Finansbank, HSBC, Akbank, Halkbank. < /span>