It is a common dream of all individuals to have their own home. However, due to the fact that this situation is a bit costly, individuals are unfortunately lagging behind these dreams and may have difficulty buying the house they want. At this point, banks offering home loans to the citizens come into play and meet the cash needs of individuals completely and prevent this situation.
In such cases, it is a bit difficult for professional groups that do not have a regular income to use such loans. However, Good finance Bank has started a farmers’ housing loan campaign in the mind of farmers. What is the Housing Loan for Farmers Campaign?
What is a mortgage for farmers?
Good finance Bank started a good campaign by catching up with the help of our farmers. With this campaign, all our farmers will be able to own the house of their dreams! Farmers will arrange this loan according to the income situation and will divide it into different maturities, 6 months and 12 months within the opportunity offered by the bank.
The reason for these maturities is to comply with the income of the farmers at the time of harvest and not to put farmers under a monthly payment burden. If farmers report their earnings to the bank, the most appropriate payment plan will be issued.
Features of Good finance Bank Farmer Housing Loan
The biggest and most admired feature of this loan is the full compliance of the maturity facilities with our farmers. In addition, you can spread the payments to 10 years and you can plan all the payments that you will make within 10 years before you take the loan and get it in the form of a document.
Farmers who wish to become a homeowner by using Good finance Bank Farmer Loan will be able to use 80% of the value of the house through the report sent by the expert. The house will be mortgaged by the bank and the mortgage will continue until the expiry date. The mortgage will also be removed directly at the end of the term or when you close your debt early. In general, this mortgage transaction is considered sufficient as collateral , but in some cases Good finance Bank reserves the right to request surety or extra collateral from its customers.
How to apply for Farmer Loan?
As with all loans, customers must cover some expenses in this housing loan. One of these charges is the credit allocation fee. When the credit allocation fee is defined in a short way, it is the loan usage fee that is taken for the fifth part of the loan. For example, if you use a housing loan of 160,000 TL, the allocation fee of this loan will be calculated as 840 TL and will be collected by you in advance.
In addition to this cost, an appraisal report that determines the value of the house will be added. This report will vary with the location and square meter of the house, so it will be difficult to say a clear amount. All these costs will be borne by you.