Banks offering the most advantageous auto loan deals from January 25 through the end of February have been announced. Leading the list with a promotional interest rate of 1.51% is Akbank, followed closely by İş Bankası with a 1.55% rate. This year’s best combined offers of low interest and favorable repayment terms are being promoted on loans of 100,000 TRY. It is possible to request higher limits from banks, but the most attractive combinations of installment amounts and repayment terms are currently available for this loan size.
Akbank
In its promotional announcement, Akbank stated it will offer a 100,000 TRY auto loan with a maximum term of 48 months at a 1.51% monthly interest rate. For a 100,000 TRY loan repaid over 48 months, the total repayment amount is calculated at 151,083 TRY, with monthly installments of 3,137 TRY. These terms present an affordable monthly payment option for buyers seeking a new vehicle.
Türkiye İş Bankası
Another option available from January 25 through the end of February is the promotional auto loan from Türkiye İş Bankası. Offered on a 100,000 TRY limit with a favorable combination of repayment plan and term, this loan provides a 48-month term with monthly installments of 3,168 TRY. The total repayment amount for this loan is stated as 152,584 TRY, making it a viable choice for customers who want to purchase a new car with manageable monthly payments.
Garanti BBVA, Yapı Kredi
Looking at other promotional vehicle loans, Garanti BBVA and Yapı Kredi match Türkiye İş Bankası’s offer for a 100,000 TRY loan with the same 48-month term and monthly payment plan. These banks offer the loan at a 1.55% monthly interest rate with monthly installments of 3,168 TRY when applied for at their branches.
Vakıfbank
Following the top four banks with the best rates, Vakıfbank ranks fifth by offering a 1.57% monthly interest rate. In an announcement during the second half of January, Vakıfbank emphasized flexibility in repayment terms for its promotional loans. Under that program, the bank offers a 100,000 TRY auto loan for 48 months at 1.57% monthly interest. The monthly installment for this loan is 3,184 TRY, and the total repayment after 48 months is 153,338 TRY. Despite these terms, Akbank’s rate remains the most competitive among the promotional offers.
Denizbank
Before offers with higher rates such as 1.62% and above, Denizbank’s promotional auto loan provides a 100,000 TRY vehicle loan at a 1.59% monthly interest rate. For this loan, the bank requests monthly installments of 3,199 TRY, allowing customers to purchase new models with a reasonable installment plan.
The total repayment for this loan equals 154,094 TRY over 48 months. Banks accept applications for these promotional loans directly at branch credit departments. Applicants should apply in person at a branch to proceed with approval.
When applying at a branch, banks typically require identification, vehicle registration, income documentation or a payroll slip as supporting documents. Applicants must submit these documents and complete and sign the “promotional vehicle loan application form” at the branch to complete their loan request.