Vehicle Loan is a type of consumer loan that can be separated individually and commercially, which you can use to purchase zero or used cars. You can use the vehicle loan only when you purchase a vehicle (car) and the payment is made directly to the seller. At the same time, vehicle loans are pledged to the vehicle you bought until the loan is terminated, and the bank to which you use the loan as the vehicle owner appears. What is vehicle loan? Vehicle loan is used with a maturity of how many months? How are vehicle loans allocated?
What is Vehicle Loan?
Vehicle Loan is a type of loan that you can only use when buying a vehicle. You cannot sell or transfer the vehicle until the vehicle loan ends. Until the end of your vehicle loan, the relevant bank will appear as the right holder of the vehicle and the notary public will not sell.
How Many Months Is Vehicle Credit Used With Maturity?
You can use vehicle loans with maturities between 1 and 48 months. You can apply for loan in 12 months, 24 months, 36 months and 48 months and see your installments. However, it is worth noting that in the evaluation process of loan applications, the person’s monthly solvency is among the evaluation criteria. If your monthly installment is higher than your monthly income, it will be difficult to approve the loan. For this reason, we recommend you to make your applications with one-to-one customer representatives.
Information As mentioned, the values of the vehicles you will purchase are determined by the bank. The age of the vehicle is also an important factor for you to be able to use credit. Most banks will not give loans to vehicles over 5 years of age.
How Much Loan Can I Use?
You can use up to 70% of the price of vehicles that are 50.000 TL or less. For vehicles of 50,000 TL and more, you can use 70% credit for 50,000 TL and 50% of the remaining portion. What is Vehicle Loan?
These amounts are determined by the bank in Vehicle Loans. For example, if you buy a zero vehicle, the invoice amount determined by the company will be taken into account and 70% calculation will be made on it. If you buy a used vehicle, the vehicle’s insurance will be based on the price.
If you want to get information about the Banks that provide Vehicle Loans, you can reach the campaigns of all banks in the Vehicle Loans section and apply immediately through the campaigns.