In loans extended under the scope of conversion of disaster risk areas, the upper limit of the loan principal amount to be provided with interest support is raised from 100 thousand liras to 125 thousand liras.
The upper limit of the loans to be purchased for disaster risky buildings was increased. The decision of the Council of Ministers on the amendment was published in the Official Gazette.
According to this, within the scope of the Law on the Transformation of Areas Under Disaster Relief, the upper limit of the amount of the loan principal to be provided with interest support is raised from 100 thousand liras to 125 thousand liras in the loans extended to real and legal persons for the purpose of building and acquiring housing and work place.
Previously, on behalf of a beneficiary interest support will be provided for the total credit amount of 500 thousand liras, while the said amount of 625 thousand liras was re-determined.
Within the scope of the amendment, the rate of interest support and the upper limit of the loan principal will be applied throughout the loan period and will not be changed based on the historical values provided by the loan.
Rights holders; construction, and acquisition credits from both the private account of the conversion projects established at the same time as the banks and from the bank.
The decision will be effective from 1st of January 2016. Interest support will be applied to the loans to be provided from the banks until 31st December 2016.