Turkey discusses preferential loan for a first home for buyers under 40
Turkey has proposed that the state cover 75% of the interest on a loan for a first home for citizens under 40. Turkish publications Gazete Gerçek, Memur 365, and Yeni İzmir Haber reported the initiative’s submission to parliament on November 14, 2026. For now, this is a proposal, not an active program.
The 1.20% interest rate mentioned in headlines about the “My First Home” loan has not been confirmed as an approved program term. A November 14, 2026, publication by Yozgat Çamlık Gazetesi says it is necessary to distinguish statements about such a rate from confirmed information. Buyers therefore cannot yet regard the 1.20% rate as an available offer.
As of November 14, 2026, sources have not reported the program’s launch, the application procedure, or the duration of the benefit. For people buying property in Turkey, this means the proposal’s terms cannot yet be used to calculate loan costs or plan a purchase.
Sources
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