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TRNC Mortgage Calculator

Calculate monthly installments, total repayment, and interest for your property loan in North Cyprus. Enter the loan amount, your bank's interest rate (monthly or annual) and term (typically 5-20 years); the result shows a principal/interest breakdown chart and the full payment schedule.

Loan Details

30% of property price
This amount is 70% of the property value. TRNC banks typically lend up to 50%; your request may be above that limit. Confirm your own bank's limit.
Example: Creditwest Expat — up to 120 months, 50% of property value, max £75,000 (accessed 10.08.2026). Terms and rate conventions vary by bank; enter your own offer.

Payment Summary

Enter an interest rate first

This calculator provides estimated results. TRNC banks current interest rates may vary. Taxes, fees, and transfer costs are not included in the installments. Evlek.app does not guarantee loan rates.

Title transfer fees, VAT and stamp duty are not part of your loan installment — calculate them with the TRNC Property Tax Calculator.

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Can I get a mortgage from a TRNC bank?
Yes — both TRNC and Turkish citizens can use a mortgage from TRNC banks or the TRNC branches of Turkish banks.
How much down payment do I need to buy a property?
TRNC lenders typically require a down payment of around 25–30% of the property value.
What currency are TRNC mortgages issued in?
Since property is usually priced in British Pounds (GBP), mortgages are typically issued in GBP with 5, 10 or a maximum 20-year term.
What Financial Transactions Tax applies to my first-home loan?
For loans used by natural persons to buy their first home of up to 185 m², Financial Transactions Tax is 1.5% (Council of Ministers decision, 5 October 2026, Official Gazette 196).