04.04.2026 16:52
The Minister of Environment, Urbanization and Climate Change, Murat Kurum, announced the details of credit support of up to 3 million TL to accelerate the transformation of risky buildings in Istanbul. Here are the application requirements and process for credit financing of up to 3 million TL with a 0.69 interest rate, 180 months term, and the first year being interest-free.
The Minister of Environment, Urbanization and Climate Change, Murat Kurum, shared details of the 3 million TL urban transformation loan package prepared for Istanbul in a statement on his social media account. Kurum explained the details of the massive support package, which offers loan financing of up to 3 million TL with a 0.69 interest rate, 180 months maturity, and no payments in the first year, as well as the application process and loan conditions one by one.
LOAN CONDITIONS ANNOUNCED
According to the shared information, citizens applying for the loan must not have any open enforcement, follow-up, or seizure records. Additionally, it is required that the loan installment amount does not exceed 70% of the documented household income. These criteria are determined to ensure financial sustainability.
WHO WILL BENEFIT FROM THE INTEREST DISCOUNT?
The loan package includes special interest discounts for different groups. Property owners who have no other residence except for risky buildings within the borders of Turkey fall into the first category. Citizens in the middle and low-income groups receive support under the second category. Martyr families, veterans, retirees, and individuals with disabilities are included in the third category, while separate incentives are provided for buildings with high energy efficiency. Citizens who fall into multiple categories can obtain interest discounts of up to 1.25% annually.
APPLICATION PROCESS COMPLETED IN 3 STEPS
The application process consists of three stages. In the first stage, property owners sign contracts with licensed contractors registered in the Ministry's system. Then, the contractor completes the application by uploading project information to the system via e-Government. In the final stage, citizens complete the process by visiting the bank with the necessary documents after making their preliminary applications through e-Government.
1- Contract:
Real person owners of risky buildings agree with licensed contractors registered in the Ministry's CONSTRUCTION-SITE system for transformation. All authorization documents must be uploaded to the system. The contractor adds a commitment to the contract stating that they will comply with the required conditions to benefit from the project.
2- Contractor Application:
The contractor who receives the construction permit logs into the ARAAD (AFDIS) system via e-Government, uploads project information and documents to the system, registers the project, and sends it for Presidential approval.
3- Citizen Application:
After the contractor's application is approved by the Presidency, property owners log into the ARAAD (AFDIS) system via e-Government to complete their preliminary applications. They then physically apply to the bank branch where the protocol is signed, along with the necessary documents.
NEW ERA IN URBAN TRANSFORMATION
With the new loan package, it is aimed to accelerate the transformation of risky buildings in Istanbul. The Ministry aims to facilitate citizens' participation in the transformation process with both financial support and interest advantages.