Retail Banking

Land Financing
Land Financing
Land Financing
Land Financing

Land financing is available for the purchase of land by individual or corporate customers whose income is sufficient to pay the monthly loan installments.

Land Financing
Specifications
Required Documents
Land Financing
Specifications
  •  Customers who meet the necessary credit and income requirements can take advantage of land financing from Albaraka. 
  • This financing is available for the purchase of zoned lands within municipal boundaries of our branches with up to 60 month payment plans available.
  •  Land Financing is only available in Turkish Lira. 
  •  Land Financing is only available for zoned lands. Financing is not available for non-zoned lands, fields, etc. 
  •  Financing cannot 50 % of the appraised value of the land to be financed. 
  •  Maximum term for land loans is 60 months. 
  •  Rates applied to financing, allocated by our Retail Marketing Department, are distributed to our branches. These rates are monthly net profit rates.

Please call our call center at 444 5 666 for further information.

Required Documents
Required Documents** for Individual Applications
  • Turkish Identifiaction Crd
  • Residence Document  
  • Income Documents  
  • For salaried employees:  Most recent pay roll information on company letterhead with authorized signatures from your company or a signed and sealed company letter with authorized signatures.  
  • For the self-employed: A copy of your tax certificate, Trade Registry Gazette information, authorized signatures, financial statements and income tables for last three years approved by Tax Office or Certified Financial Consultant, current year balance sheet, and an activity certificate or registration certificate from the Chamber of Merchants and Craftsmen.    
  • Notarized signature document  
  • For the evaluation of financing applications, two persons must be willing to act as guarantors. The same documents should be prepared for your guarantors. Additional documents and information may be requested.   
 
Required Documents** for Corporate Applications
  • Identification Cards of Partners  
  • Notarized Signature Document 
  • Trade Registry Gazette informaiton  
  • Chamber Registration Certificate  
  • Financial Statements and Income Tables (last three years) 
  • Tax Certificates (last three years)  
  • For the evaluation of financing applications, two persons must be willing to act as guarantors. The same documents should be prepared for your guarantors. Additional documents and information may be requested.   
 
**Photocopies of all documents are required.