Number Of People Using Housing Loans Exceeded 2 Million

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Huseyin Aydin, Chairman of the Board of the Turkish Banking Association (TBB), stated that the housing loans increased more rapidly than other types of individual loans and that by the end of 2015 the number of people using housing loans exceeded 2 million.


According to the information note prepared using the housing loan information reported by the banks and financing companies belonging to the TBB Risk Center, the amount of the loan and the number of the users showed a steady growth.

TBB President Aydin, whose views are included in the information note, pointed out that the number of people using housing loans exceeded 2 million by the end of 2015, that the preferred loan slices were around 75 and 150 thousand TL and that the maturities increased from 6 years to 8 years.

Aydın stated that the most used age group of housing loans is 31-41

According to the study, the housing loans increased by 25 percent annually in 2009 – 2015 period and reached 148 billion TL. The average real growth on an annual basis was 16 percent.


The ratio of housing loans to the total amount of loans extended by banks to financing companies remained at around 9 percent, excluding loans mediated abroad. On the other hand, the share of these loans in individual loans increased by 6 percentage points to 37 percent. The ratio of home loans to Gross Domestic Product (GDP) increased from 4 percent to 7 percent. This is the EU average of 43 percent in 2014.

2.1 million people used housing loans

While the number of people using housing loans increased from 800 thousand in 2009 to 2.1 million by the end of 2015, in the same period, the average loan amount increased from 51 thousand TL to 70 thousand TL.

The amount of home loans used per person increased from 76 thousand TL to 114 thousand TL, while the average lending of loans increased from 19 months to 91 months.

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