Real Estate

TOKI’s 22% debt discount campaign is until 19 April

The 22% discount campaign organized by the Mass Housing Administration (TOKI), affiliated to the Ministry of Environment, Urbanization and Climate Change, for home and business owners who want to get the title deed to pay off their debt early, started yesterday.

Citizens who want to take advantage of the campaign can apply until 19 April. Citizens who will not be able to pay off the entire debt will receive a 22% discount on their advance payments, provided that it is not less than 25% of the debt balance.

Residential and business buyers whose sales have been made until the end of 2020 and whose repayment installments have started by the end of 2020 at the latest, can benefit from the campaign. Those with 12 or less remaining installments will not be able to benefit from the campaign.

THERE IS ALSO A DISCOUNT FOR THE LAND

Housing and business buyers who want to benefit from the campaign will be able to use housing loans from the intermediary banks with which they signed the real estate sales contract.

There will be a 10% discount for land buyers who want to pay their debts in advance and get the title deed immediately. The plot campaign will continue until April 14.

Land buyers whose repayment installments have started until the 30th day of September 2021 will be able to benefit from the campaign.

Source: Sabah / Translated by Irem Yildiz

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