Save money with TEB Housing Account and own the home of your dreams.

With TEB Housing Account, you can make regular savings for your first home purchase. If you save for at least 3 years and become a homeowner, you can receive a government contribution.

Features:

• TEB Housing Account can be opened as of 07.04.2015 by Turkish citizens who do not own a property fully registered in their name, and by parents/guardians on behalf of children under 18.
• A customer may open more than one Housing Account. Housing accounts cannot be transferred between banks.
• TEB Housing Account can only be opened in Turkish Lira (TRY).
• Accounts cannot be opened for legal entities.
• TEB Housing Account cannot be opened as a joint account. For customers under 18, it can be opened through a guardian/trustee.
• TEB Housing Account can be opened at TEB Branches located within Turkey.
• It is mandatory to make regular savings into the TEB Housing Account via a standing payment order linked to a demand deposit account, set at the time of account opening on a monthly or quarterly basis.
• If TEB Housing Account customers do not have an available demand deposit account, opening a new one is mandatory.
• Account holders are entitled to a maximum of two early withdrawals within one period. In the event of an early withdrawal, the remaining balance in the TEB Housing Account cannot fall below the total minimum amounts required to have been deposited since the account opening date.
• If the participant selects a monthly payment plan, payments must not be missed more than three times in one period. If a quarterly payment plan is selected, no more than one missed payment per period is allowed.
• TEB Housing Account is a daily interest-bearing account, and interest will be applied in accordance with market conditions and within the rates reported to the Central Bank of the Republic of Turkey (CBRT).
• The opening and regular payment lower and upper limits of the TEB Housing Account are increased annually by the revaluation rate determined and announced pursuant to Tax Procedure Law No. 213 dated 04/01/1961.

Government Contribution Conditions:

For a TEB Housing Account holder to qualify for the government contribution:

• They must not own a property fully registered in their name as of 07/04/2015.
• Regular payments must be made into the housing account for at least 3 years up to the date of property acquisition.
• From 07/04/2015 onwards, they must not have acquired any other residential property with full condominium ownership, construction easement, or freehold title fully registered in their name, other than the property for which the government contribution is being claimed.
• Properties eligible for government contribution include: residences with condominium title deeds, residences with construction easement title deeds and occupancy permits, and freehold properties with residential occupancy permits. Government contribution is not paid for timeshare properties.
• Government contribution is not paid for properties purchased from a spouse or first-degree blood relatives.
• Application for the government contribution must be submitted to the bank within 6 months following the property acquisition date.
• The government contribution is calculated based on the accumulated savings as of the property acquisition date.

If the account holder violates any of the required conditions under the Regulation, the account loses its housing account status and no government contribution will be paid.

The government contribution is calculated based on the accumulated savings as of the property purchase date. Provided all conditions are met, the bank will forward government contribution payment applications made within the month to the Ministry of Family and Social Policies within the first 10 business days of the following month. Within 10 business days of the documents being submitted to the Ministry, the contribution will be transferred by the Ministry to the customer's demand deposit account linked to the standing payment order.

 2026 government contribution rates and amounts are as follows:

Increased annually by the revaluation rate under the Regulation.