The Ministry of Treasury and Finance has announced new loan packages for citizens, contractors and manufacturers to accelerate urban renewal.
On February 6, Turkey faced with the reality of the earthquake, a pain that went down in history. In two major earthquakes in Kahramanmaraş, buildings that were not built properly, regardless of new or old, were demolished, More than 45 thousand citizens he lost his life.
With the losses experienced, especially in Istanbul, the work on earthquake measures has been accelerated, today From the Ministry of Treasury and Finance Big news has come. The Ministry has prepared support packages for urban transformation.
Urban transformation support packages:
With the new support packages it has prepared, the Ministry of Treasury and Finance will provide financial support for the urban transformation of buildings located in risky areas or at risk. The packages will cover homeowners, contractors and home builders.
Housing owners with new support package up to 1 million 250 thousand TL per person financing can provide. Up to 840 basis points of the financing cost will be covered by the Ministry. In addition, the Treasury-backed surety system for contractors and home builders will also be included.
With this system, the compensation rate applied to date will be increased from 7% to 9%. Finally, with the adjustment made in the bail rates, 12-month grace period, 48-month maturity Financing up to 250 million TL will be presented. A total of 50 billion TL surety limit will be put into use.
Financing to be offered to citizens within the scope of the package:
- Strengthening credit: 320 thousand TL
- Housing loan: 1 million 250 thousand TL
- Housing loan: 1 million 250 thousand TL
- Business loan: 800 thousand TL
- Business loan: 350 thousand TL
Housing loans can be withdrawn with a maturity of 10 years and business loans with a maturity of 7 years. The loans will be offered with an interest/profit share rate of 1.49%. A certain part of the loan interest will be covered by the government. These sections will be as follows:
- Strengthening credit: 0.50% state contribution
- Housing loan: 0.70% state contribution (0.60% state contribution for the first house, up to a maximum of 3 million TL for later)
- Housing loan: 0.70% state contribution
- Business loan: 0.40% state contribution
- Business loan: 0.40% state contribution
The loan application can be made within 3 years from the demolition.
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