In personal vehicle loans, the value stated in the proforma invoice for the vehicle to be purchased shall be taken into account for new cars while motor own damage insurance value shall be considered for used cars. In personal-purpose credit, maximum maturity is 48 months for vehicles worth TL 400,000 and below; 36 months for vehicles worth TL 400,001 - 800,000; 24 months for vehicles worth TL 800,001 - 1,200,000; and 12 months for vehicles worth TL 1,200,001 - 2,000,000.
Pledging the vehicle you bought will suffice as the credit collateral. Once the loan is paid off, the vehicle will be automatically released and relieved from the pledge.
A guarantor is not required. However, you may be required to provide surety as security for repayment if deemed necessary.
For second-hand vehicles, the total of the vehicle's age and credit maturity can be maximum 120 months. For example, the maximum maturity would be 48 months for a loan for a 6-year-old vehicle.
For personal-purpose auto loans, the maximum crediting rate is 70% for vehicles with a final invoice value of TL 400,000 and below; 50% for vehicles with a final invoice value of TL 400,000 to 800,000; 30% for vehicles with a final invoice value of TL 800,000 to 1,200,000; 20% for vehicles with a final invoice value of TL 1,200,000 to 2,000,000.
Repayment plan alternatives can be prepared according to your income flow.
Regarding applications via Garanti BBVA Customer Communication Center, Garanti BBVA Internet Banking, or Garanti BBVA Mobile, you may send an e-mail to "email@example.com" by attaching a photograph of your vehicle license showing the fuel type and including your customer number and vehicle plate number in order to start the refund process for the HGS product fee if your vehicle is hybrid or electric. In case of applications via Garanti BBVA branches, on the other hand, you may ask the branch staff to create a refund record for you.