Transportation vehicles are among the basic needs today as in the past. A number of vehicles must be provided in order to provide individual transportation both within the city and between cities or countries. While buying a vehicle is easy for some individuals, many need support for this basic need. With the vehicle loan applied for the purchase of a passenger car, it becomes possible to own the vehicle of your dreams.
You can apply for a vehicle loan for the vehicle you will provide to have a comfortable, comfortable and enjoyable journey. However, there are some conditions to get this loan. If the conditions are met, the desired support can be provided and it will be easier for you to own a vehicle. It is also possible to make a simple expense calculation with the vehicle loan calculation process. You can easily perform the vehicle loan application and calculation process by clicking on the link.
What Documents Are Required for a Car Loan?
If individuals in need of a vehicle meet the necessary conditions, the support they receive with appropriate payment options is called a vehicle loan. After choosing the car you need and want to buy, you need to apply to the bank with the necessary documents. As a result of the positive response you will receive after the application, you can use the car loan. If the vehicle you will buy is new, you can start the loan process by filling out the application form together with the invoice of the vehicle, the document showing your income, your driver's license, the photocopy of your ID and the original.
If the vehicle you want to buy is second hand, you must take the Motor Vehicle Registration and Traffic Certificate of the person selling the vehicle to the bank together with other documents. The loan is approved by the bank zamYou will be provided with necessary information about some details such as instant payment terms, installment amount, and maturity options. Before using the car loan, it is possible to perform an automatic calculation by entering the amount of the car you aim to buy via the bank's website. Within the scope of this calculation, you can see the longest maturity, file costs and installment amount. Thus, it becomes easy for you to learn the prerequisites and loan options without going to the bank.
How is Car Loan Calculated? What are the Conditions of Getting a Car Loan?
In order to calculate new and used car loan, some data is needed. These data can be listed as principal, maturity, monthly interest rate and taxes. There are three criteria for making a car loan calculation. These criteria are the loan amount, maturity and interest rate. Principal refers to the sum of the car loan amount withdrawn. Auto loan interest rates indicate the amount of interest to be paid on behalf of the loan used. Maturity, on the other hand, indicates the period and in what time the debt will be paid.
In order to own a vehicle, certain conditions must be met. The lack of these conditions prevents the possibility of obtaining a loan. You must be at least 18 years old to get both new and used car loans. Individuals under the age of 18 are not entitled to benefit from this opportunity. In addition, it is among the required conditions that the SGK registration be active and this registration must be at least 6 months old. Another item of vehicle loan conditions is the absence of a person or institution mortgage record on the vehicle to be purchased. It is not possible to get a loan for a vehicle with a mortgage record. The individual's monthly income is at a level that can meet the installment payments and the credit rating is sufficient to obtain a second-hand and new vehicle loan.
The general conditions for obtaining 0 car loans and used car loans are as stated above. By fulfilling these conditions, you can have the car you want. However, there is a special condition for second-hand vehicles. This condition is that the vehicle to be purchased is at least 8 years old. The lending rate for a used car loan is the same as for new cars. However, the said rate is determined over the insurance value.
How to Get a Commercial Vehicle Loan?
General conditions are also applied to get commercial vehicle loans. Vehicles purchased using credit are mortgaged by the bank until the debt is fully paid off. Therefore, the vehicle cannot be transferred to another person. Vehicle sales power of attorney can be given through a notary public by closing the loan or blocked check. Thus, the vehicle can be sold. With the car loan interest rates calculation application, it becomes possible to get an easy, safe and clear answer.
If you want to get a commercial vehicle loan, you can have the commercial vehicle you want by taking advantage of lower interest rates. Legal or private persons operating in the industry and trade sectors can benefit from this opportunity. Commercial vehicle loans can be purchased with the privileges of cost reduction and vehicle loan campaigns. Along with the general conditions, the monthly payment amount of the loan should not be more than half of the total income of the individual when purchasing a loan for the vehicle in question. In addition, the income must be documentable, personal accident insurance and life insurance must be taken out for the individual who will use the loan.
For the commercial vehicle loan, the payroll of the contracted or paid employees, the account and identity cards of the retired individuals are among the required documents. In addition, the photocopy of the title deed of the real estate owned, the original, income certificate, residence certificate, identity card are other required documents. The tax plate given to self-employed individuals is also considered as a required document. Commercial vehicle loan calculation can be done easily with the car loan calculation process.