31.01.2026 09:50
Details about the "First Home Housing Loan," which millions of citizens eager to become homeowners are eagerly awaiting, have started to become clear. The loan is expected to be offered with an interest rate of 1.20 and a term of 180 months. Here are example calculations for the First Home Housing Loan.
The Annual Program of the Presidency and the Medium-Term Program includes the preparations for the First Home Housing Loan campaign, which has become one of the most curious topics for citizens wanting to own a home as we approach 2026. As details regarding the interest rate and term duration of the low-interest loan support planned for first-time homebuyers begin to clarify, sample calculations are also drawing attention.
INTEREST RATE 1.20 PERCENT, TERM UP TO 180 MONTHS
In the First Home Loan campaign discussed by the economic management in the Financial Stability Committee, it is planned to reduce housing loan interest rates to approximately 1.20 percent. The term duration is expected to be extended up to 180 months within the scope of the campaign. Compared to the current housing loan interest rates, which are around 2.65 percent under existing market conditions, the new campaign offers a significant cost advantage.
WHO CAN BENEFIT?
The official conditions have not yet been announced, but it is expected that criteria such as being a first-time homebuyer, not having any registered property, residing in the city where the purchase will be made, and not having sold a property in the last year will be required to benefit from the First Home Housing Loan. Additionally, having a certain income level and being able to document it may also be among the possible conditions.
WHICH BANKS WILL PROVIDE THE LOAN?
The First Home Housing Loan campaign is planned to be implemented through public banks, primarily Ziraat Bank, Halkbank, and VakıfBank. The campaign is expected to be announced by President Recep Tayyip Erdoğan and to come to the agenda of the Parliament in 2026, with applications opening thereafter.
Under current conditions, for a 1 million TL housing loan, approximately 3.5 million TL will be repaid, while under the First Home Housing Loan, the total repayment amount for the same amount will remain at 2 million 445.
SAMPLE CALCULATION: 5 MILLION TL HOUSING LOAN
According to the sample calculation made with a fixed interest rate of 1.20 percent and a term of 180 months, a citizen using a 5 million TL First Home Housing Loan will have a monthly installment of approximately 67 thousand 936 TL. The total repayment to the bank at the end of 15 years for this loan reaches 12 million 228 thousand 503 TL.
SAMPLE CALCULATION: 3 MILLION TL HOUSING LOAN
A person using a 3 million TL loan with the same interest rate and term pays approximately 40 thousand 762 TL in monthly installments. The total repayment amount for this loan is calculated to be 7 million 337 thousand 102 TL.