How to Apply for a Vakıf Bank Vehicle Loan and Vehicle Loan Interest Rates

 

Vakıf Bank Vehicle Loan Withdrawal and Interest Rates

Vakıf Bank offers 3 different loan options for vehicle loans. At this point;

• Second-hand vehicle loan specifically for those who will buy a second-hand vehicle,
• Eco-Friendly Vehicle Loan from Vakıf Bank, especially for those who will buy electric or hybrid vehicles,
• Finally, it offers a special 0 Km Vehicle Loan for those who will buy a new vehicle.

The bank comes to you with a solution suitable for all your vehicle needs. All of these loans are called vehicle loans. At this point, the same basic conditions are required for all of them.

Vakıf Bank Vehicle Loan Conditions

Vakıf Bank vehicle loan terms are similar between products. The only difference between the products is the type and age of the car. As the name suggests, second-hand car loans are offered to those who want to buy a second-hand vehicle. For this loan, the bank requires a maximum age of 5 years. It does not provide loans for vehicles older than 5 years. Environmentally friendly vehicle loans are only offered to hybrid vehicles and electric vehicles. People who want to buy a gasoline or diesel car cannot benefit from this loan. The last loan offered by the bank is the type of loan that anyone who wants to buy a 0 km vehicle can benefit from.
In addition, of course, the bank requires proof of income and, depending on the situation, a guarantor. Apart from this, it does not require any extra conditions.

How Much Loan Does Vakıf Bank Give?

When giving a vehicle loan, Vakıf Bank makes a valuation based on the amount of the car. At this point, the price of the vehicle you will buy also determines how much loan you will receive. At this point;

• If the vehicle you purchase is worth 400 thousand TL at most, it gives a loan of 70% of the total amount.
• If the price of the vehicle you will buy is between 400 thousand TL and 800 thousand TL, then the loan is given for a maximum of 50% of the vehicle price.
• If the price of the vehicle you will buy is between 800 thousand TL and 1.2 million TL, then it gives a loan of up to 30% of the vehicle price.
• If the vehicle you will buy is sold for more than 1.2 million TL, it gives a loan of up to 20%.

At this point, as the price of the vehicle you buy increases, the amount of loan given by the bank also decreases. The bank reduces the number of maturities as well as the loan amount. If the price of the vehicle you purchase is up to 400 thousand TL, it offers you a 48-month maturity option, and if the price is 1.2 million TL, it offers a maximum maturity option of 12 months. As the price of the car you buy increases, the amount of loan you can use and the number of maturities you can take out decrease.