BRSA made an update on vehicle loans

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Banking Regulation and Supervision Agency BRSA has taken a new step to update vehicle loans.

The statement made on this subject includes the following: given: “According to the decision, loans granted for the purchase of vehicles with a final invoice value of 1 million 600 thousand TL and below were determined as 48 months, and loans granted for the purchase of vehicles with a final invoice value of over 4 million TL and not exceeding 5 million TL were determined as 12 months. ” The following was noted in BRSA’s decision on the subject:
-In accordance with the fourth paragraph of Article 12 of the Regulation on Credit Transactions of Banks (Credit Regulation) and the fifth paragraph of Article 11/A of the Regulation on the Establishment and Operation Principles of Financial Leasing, Factoring and Financing Companies (Financial Institutions Regulation), For electric motor vehicles produced by taxpayers falling within the scope of Provisional Article 12 of the Corporate Tax Law No. 5520 dated 13.06.2006;

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a) Loan maturity limits regulated in the third paragraph of Article 12 of the Credit Regulation and the second paragraph of Article 11/A of the Financial Institutions Regulation;

– 48 months for loans granted for the purchase of vehicles with a final invoice value of 1 million 600 thousand Turkish Liras and below,

– 36 months for loans granted for the purchase of vehicles whose final invoice value is over 1 million 600 thousand Turkish Liras but not over 3 million Turkish Liras,

– 24 months for loans granted for the purchase of vehicles whose final invoice value is over 3 million Turkish Liras but not over 4 million Turkish Liras,

– It will be determined as 12 months for loans granted for the purchase of vehicles whose final invoice value is over 4 million Turkish Liras but not over 5 million Turkish Liras,

b) The ratio of the loan amount to the value of the vehicle in vehicle loans or financial leasing transactions to be made available to consumers for the purpose of acquiring a passenger vehicle, except for the vehicle collateral loans regulated in the second paragraph of Article 12 of the Credit Regulation and the first paragraph of Article 11/A of the Financial Institutions Regulation;

-It cannot exceed 70 percent for vehicles with a final invoice value of 1 million 600 thousand Turkish Liras and below,

– It cannot exceed 50 percent for vehicles whose final invoice value is over 1 million 600 thousand Turkish Liras but not over 3 million Turkish Liras,

– It cannot exceed 30 percent for vehicles whose final invoice value is over 3 million Turkish Liras but not over 4 million Turkish Liras,

– It cannot exceed 20 percent for vehicles whose final invoice value is over 4 million Turkish Liras but not over 5 million Turkish Liras,

– It will be determined as zero percent for vehicles with a final invoice value of over 5 million Turkish Liras,

-It has been decided that this Decision will be announced to the Associations of Organizations and published on the website of the Institution.”

On this subject, Erol Şahin conveys the following and especially highlights the Togg detail: taking out:



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