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 Home    2 Million People Took Home With Debt

Despite the fact that firms use loans with duration of 20 years to increase housing sales, citizens prefer 8 years more.

Residential loans increased by 21 percent annually in the period 2011-2016, reaching 168 billion TL. Year-on-year increases were 14 percent compared to the last three years. On an annual basis, the average real growth rate was 12 percent.

According to the study using the credit information gathered from the banks and financial institutions of the Bank of Turkey (BAT) Risk Center. The number of people with housing loans increased by 69 percent in 2011-2016 periods from 1.3 billion to 2.2 million. In the same period, the average loan amount increased from 57 thousand TL to 75 thousand TL. We see that the most preferred loan segments are between 100 thousand and 150 thousand TL, and the most preferred type is 8 years. The most used age range for housing loans is 31-41.


The number of people using credit over 150 thousand TL increased in 2016. In this range, 71 thousand people in 2015 and 93 thousand people in 2016 used housing loans.

Insurance Must Be Done

TBB Chairman noted that housing loans grew faster than other types of individual loans and that the national income ratio of these loans increased by 2 percentage points to 7 percent in 2016 period.

Stating that the sources are short-term but housing loans have an average of seven-year duration.

The Chairman of the TBB noted the importance of insurance during the lifetime of credits in terms of the health of the creditors and the protection of the clients from unforeseen risks.

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