12.03.2025 11:00
The Banking Regulation and Supervision Agency (BDDK) has made changes to the loan amounts used for vehicle purchases. With the new regulation, new restrictions have been imposed on the loan amounts used for vehicle acquisitions. For vehicle loans with an invoice value of less than 2.5 million Turkish lira, the maturity limit has been set at 48 months.
According to the decision, the maturity limit has been set at 48 months for loans used for the purchase of vehicles with a final invoice value of 2.5 million lira and below.
The ratio of the loan amount to the value of the vehicle cannot exceed 70% for vehicles with a final invoice value of 2.5 million lira and below. For vehicle loans not exceeding 2 million lira to 5 million lira, the term is set at 36 months, and for loans not exceeding 5 million lira to 6.5 million lira, it is set at 24 months.
2.5 MILLION ACCEPTED AS A LIMIT
According to the statement made by the Banking Regulation and Supervision Agency (BDDK), the loan maturity limit has been determined as 48 months for loans used for the purchase of vehicles with a final invoice value of two million five hundred thousand Turkish Lira and below, 36 months for loans used for the purchase of vehicles exceeding two million five hundred thousand Turkish Lira but not exceeding five million Turkish Lira, 24 months for loans used for the purchase of vehicles exceeding five million Turkish Lira but not exceeding six million five hundred thousand Turkish Lira, and 12 months for loans used for the purchase of vehicles exceeding six million five hundred thousand Turkish Lira but not exceeding seven million five hundred thousand Turkish Lira.
Excluding vehicle collateral loans, it has been decided that for vehicle loans to be used for the acquisition of passenger cars or for financial leasing transactions, the ratio of the loan amount to the value of the vehicle will be determined as follows: for vehicles with a final invoice value of two million five hundred thousand Turkish Lira and below, 70%; for vehicles exceeding two million five hundred thousand Turkish Lira but not exceeding five million Turkish Lira, 50%; for vehicles exceeding five million Turkish Lira but not exceeding six million five hundred thousand Turkish Lira, 30%; for vehicles exceeding six million five hundred thousand Turkish Lira but not exceeding seven million five hundred thousand Turkish Lira, 20%; and for vehicles exceeding seven million five hundred thousand Turkish Lira, 0%.
In the restructuring of loans within the scope of this decision, it has been decided that the same maturities applicable on the loan disbursement date will be applied regarding the maturity limits.