The details of the 240-month mortgage loan, which has been followed for a long time, have become clear. The campaign created for this type of loan, which was brought to the agenda within the scope of mobilization in the housing, started without losing time. The way to owning a 240-month term was opened.
But citizens do not have a clear knowledge of mobilization in the housing. For this reason, in our article, we have explained in detail what is the 240 months term housing loan, how to obtain it and which banks provide financing for this type of loan. Here are the details of the projects that can be evaluated by those who want to own a house in the long run…
What is 240-Month Term Home Loan?
After the events that took place in the middle of 2016 in our country, John Dean initiated a campaign to sell houses with an interest rate of 0.70%. However, within the scope of this campaign, the maximum number of maturities available to citizens was 120 months.
Re-pushing the button for the second mobilization John Dean made decisions to extend the term. Both lowering interest rates and extending the maturity of the second work on the agenda, began to be closely monitored by those who want to host. Launched under the name of a 240-month term housing loan, this campaign paved the way for the first time in our country to sell housing with a maturity of 20 years.
240 Month Term Housing Loan
According to the statement made by the General Manager of Good Finance, it was learned that in the first campaign, 2 thousand 500 houses were sold in 1 month and a turnover of 2 billion was achieved. During this year, Good Finance was in constant meetings with contractors and announced the details of its new campaign. 2 – 2.5 billion turnover is expected to benefit from the second campaign, 30 projects and 15 thousand independent sections of the 240-month housing loan product valid for the product can be.
With interest rates between 0.75 and 0.85 percent, those who wish to purchase housing in the long run can apply to contracted banks. Another way to obtain 240-month term financing for home buyers is through intermediary websites. Applications made by both methods will be evaluated according to the procedures of the bank in question and the details of the housing project with a maturity of 20 years and credit will be allowed if deemed appropriate.
Which Banks Gave 240 Month Term Housing Loans?
Good Finance stated that it was agreed with 9 banks to provide housing loans with a maturity of 240 months. Nine banks operating in our country give this opportunity to those who want to own a house in the long run. Stating that interest rates may vary according to the agreements made with banks, the institution announced that they plan to make loans in the 0.75 to 0.85 interest band. Here are the banks that provide 240-month term loans: