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Vehicle Financing Vehicle Financing

Vehicle Financing

With the vehicle financing support offered by Vakıf Katılım, you can purchase 0 km or used cars with our appropriate profit share rates.

What is Vehicle Financing?

Vehicle Financing is financing that provides ease of purchase for new or used vehicles.

What is its Content?

Documents Required for Application

  • Application Form
  • Income certificate according to the working status of the applicant
  • Proforma invoice of new car to be purchased with financing / Photocopy of vehicle license for second-hand car,
  • If necessary, photocopy of any of the fixed phone, electricity, water or natural gas bills for maximum 2 months before and registered in the name of the customer
  • If deemed necessary, the documents to be requested for the guarantors

Features

Opportunity to Own a Vehicle with Long Term Options

There is a maturity of up to 48 months.

Our New and Used Vehicle Financing Rates

Financing Amount Maturity Profit Rate Allocation Fee Annual Cost Rate
100.000 TRY 12 month %3,24 500₺ %65.9654
100.000 TRY 24 month %3,24 500₺ %65.1442
100.000 TRY 36 month %3,24 500₺ %64.8661
100.000 TRY 48 month %3,34 500₺ %64.7318

*The Allocation Fee is 0.5% of the financing amount. (Excluding BITT) Insurance cost is not included in the annual cost calculations. The Bank has the right to freely evaluate the financing applications, to request guarantors and additional documents, and to reject the applications that it does not deem appropriate. There is no RUSF exemption for real person uses.

Final Invoice/Insurance Value Maximum Financing Rate Maximum Rate (Month)
0 TL - 400.000 TL 70% 48
400.001 TL - 800.000 TL 50% 36
800.001 TL - 1.200.000 TL 30% 24
1.200.001 TL - 2.000.000 TL 20% 12
2.000.000 TL ve üzeri 0% 0
Not:Final invoice amount is taken into account for new (unused) vehicles and insurance fee for the second hand vehicles.

Maximum maturity for the vehicle financing with final insurance value (insurance value for the second hand vehicles) equal to or below TRY 400.000 is 48 months; maximum maturity for the vehicle financing with final insurance value (insurance value for the second hand vehicles) between TRY 400.001 and TRY 800.000 is 36 months; maximum maturity for the vehicle financing with final insurance value (insurance value for the second hand vehicles) between TRY 800.001 and TRY 1.200.000 is 24 months; maximum maturity for the vehicle financing with final insurance value (insurance value for the second hand vehicles) between TRY 1.200.001 and TRY 2.000.000 is 12 months. Relevant amounts are used only for the determination of the maturity.

Used vehicle financing is provided for cars up to 10 years old.

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Download Vakıf Katılım Mobile Branch Now!

With Vakıf Katılım Mobile Branch, you can carry out many banking transactions from your mobile devices with Android, İOS and Huawei operating systems in a fast and safe manner.

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