The Bank Regulation and Supervision Agency (BDDK) has announced that it has taken a new step regarding car loans. The announcement on the institution’s official website stated that the credit limits are rearranged specified. The regulation appears to make it easier for citizens to own a car.

However, today’s decision does not apply to all cars. The government’s new conditions Valid only for those considering purchasing a domestically produced electric car made… Yes, for now Togg is the only brand that falls into this category. New conditions if you plan to purchase a Togg T10X it may be useful to you.

Loan amounts that can be used according to BRSA’s new regulations:

• For vehicles with a final invoice value of TL 1,600,000 and below seventy percent,
• For vehicles with a final invoice value of 1,600,000 TL – 3,000,000 TL fifty percent,
• For vehicles with a final invoice value of 3,000,000 TL – 4,000,000 TL thirty percent,
• For vehicles with a final invoice value of 4,000,000 TL – 5,000,000 TL twenty percent,
• For vehicles with a final invoice value of more than 5,000,000 TL zero percent.

Loan terms that can be used under BRSA’s new regulations:

• For vehicles with a final invoice value of TL 1,600,000 and below 48 months,
• For vehicles with a final invoice value of 1,600,000 TL – 3,000,000 TL 36 months,
• For vehicles with a final invoice value of 3,000,000 TL – 4,000,000 TL 24 months,
• For vehicles with a final invoice value of 4,000,000 TL – 5,000,000 TL 12 months.

The decision on the official website of the BRSA from here accessible.