Consumer Loan
Do not put off your dreams, get a Consumer Loan from Alternatif Bank!
| Maturity |
You can borrow your loan with term options starting from 3 months up to 48 months. |
| Collateral;
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The vehicle to be financed with Auto Loan is taken as pledge and may not be sold until the debt is settled. Auto Loan is available for 5-year old and newer vehicles. No guarantor is required for Auto Loan.
(As per credit assessment, Alternatif Bank reserves the right to request a guarantor or other types of security.)
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Tax and Funds |
15% RUSF and 5% BITT charges apply for vehicle purchases by natural persons.
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| Insurance
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Loan Life Insurance, Comprehensive Insurance and Traffic Insurance are mandatory for loan coverage. Life Insurance may vary depending on age, gender and amount of loan, and Comprehensive Insurance and Traffic Insurance may vary depending on brand and year.
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| Currency; |
The loan can be borrowed in Turkish Lira only.
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| Required Documentation
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Below you may find the documents required for application: • Identity Card or TR Identity Card • Certificate of Residence or a bill registered in the name • Proforma Invoice for 0 km Cars • Income Certificate • Vehicle Title for Used Cars • Income Certificate 1. Payroll or income letter for salaried employees Current payroll, SSI service document or SSI registration number, employer registration number, net monthly pay and income letter including earnings attachment/deduction document and authorised signatory list.
2. For pensioners: EPensioner ID Card or Monthly Pension Allowance Document/Pension Passbook 3. For self-employed: The company’s current tax sheet and annual income tax return/current business account statement 4. For partnerships: The company’s current tax sheet and annual corporate tax return 5. For rental income earners: The title deed of rental property, rental contract or document of rental collection
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