FINANCING

• You can get financial support for the automobile you want to buy.
• Vehicle financing can be provided up to 70% of the invoice/insurance value of the vehicle whose value is equal to or less than TL 120,000. Besides if the value of the vehicle is more than TL 120,000, 70% will be allocated up to TL 120,000 and 50% for the rest of invoce/insurance value.
  Example 1: For a vehicle whose invoice/insurance value is TL 60,000 the maximum amount subject to financing is TL 42,000 =(60,000 * 70%).
  Example 2: For a vehicle whose invoice/insurance value is TL 130,000 the maximum amount subject to financing is TL 89,000 [(120.000*0.7=84.000)+(10.000*0.5=5.000)]
• You can receive financial support for a maximum of five years old second-hand vehicles.
• You can make payments back at varying terms in equal instalments. In addition, you can pay bimonthly or quarterly or you can pay in flexible amount instalments.
• In case of receiving your financing in TL you can benefit from 48-month term option or you can have 36 month-term in currency indexed* financing.
• You can review monthly profit rates at the Finance Profit Rates and Fees page.

(*)People who are not merchants (real people) cannot benefit from foreign currency indexed financing.

NOTE: RUSF exemption is not the case for Real Person. Albaraka Turk reserves the right to make changes in the financial assessment rates due to the variety of variables.

• If you are 18 years old and over, you can apply for vehicle financing.
• If you want to take advantage of the vehicle financing as a real person; You will need to present your identity card, income statement, salary slip if you are a paid employee or a document approved by the workplace showing your net salary. For the 0 km vehicles, the proforma invoice or the original invoice of the vehicle is required. Used vehicles require a vehicle license.
• If you want to take advantage of vehicle financing as a self-employed person; you must provide tax certificate, approved balance sheet and income statement, trial balance for the current year, operating certificate, copies of real estate deeds if any, rental contracts, income certificates and statement of signature, and you must also provide the same documents for the guarantors if necessary.
• If you want to take advantage of the vehicle financing as a legal person; you will need to present the identity cards of the partners, the notarized company signature circular, the sample of the Trade Registry Gazette, the registration document of the Chamber of Commerce, the activity certificate, the balance sheet for the last three years, the income statements and the copy of the tax plate issued in the last three years. If necessary, you must submit the same documents for the guarantors. For the 0 km vehicles, the proforma invoice or the original invoice of the vehicle is required. Used vehicles require a vehicle license
• You can visit the nearest Albaraka Turk branch with the required documents, fill out the application form and take the first step for your new vehicle.
• If you don't have any missing information or documents, you can learn the result of your application within approximately 24 hours.
• For more information and other banking transactions, you can call Alo Albaraka at 0850 222 5 666 or 444 5 666.

• Allocation Fee: It will be charged as 0.50% (five in a thousand) of the funding amount for all terms.