Do you want to buy a vehicle you like in no time? You can quickly get the financing support you need by taking advantage of attractive rates and terms thanks to Kuveyt Türk Digital Car Financing. Download the Kuveyt Türk Mobile now to benefit from Digital Car Financing opportunities!
About Digital Car Financing
Digital Car Financing is a financing support service offered exclusively to Kuveyt Türk customers. If you wish to purchase a new or used car, you can easily apply for financing and benefit from our attractive advantages that are exclusive to our digital channels. Depending on the state of the vehicle you intend to buy, you can choose from term options of up to 48 months.
How to Apply for Digital Car Financing?
Anyone over 18 years of age can benefit from Digital Car Financing, a unique experience offered by Kuveyt Türk. You do not need to have a guarantor when applying for a self-insured product that will provide support for purchasing a vehicle. All you need to do is to take a few minutes and apply through the Kuveyt Türk Mobile or Internet Branch.
Not a Kuveyt Türk customer? Then, you can visit our Become a Kuveyt Türk Customer page and check out the steps to become a customer. Afterward, you may apply for the financing support you need with special rates exclusive to our digital channels.
Details on Digital Car Financing
Digital Car Financing stands out with its unique features:
- Digital Car Financing support is available for both new and used vehicles.
- For used vehicles, financing support is only available for those aged up to 10 years.
- For vehicles aged 0-5 years, Digital Car Financing is available with a maximum term of 48 months. For vehicles aged 6-10 years, the maximum term is 36 months.
- The maximum financing amount and term options are calculated based on the sales value for new vehicles and the insurance value for used vehicles.
Check the table below for information on the financing amount and term options according to the sales/insurance value.
Digital Car Financing Sample Calculation
Use the calculator to get an idea of how much repayment will be made over the term of the financing support. Here are some sample calculations for Digital Car Financing:
With additional products:
| Financing Amount | Term | Monthly Profit Rate | Installment Amount | Total Expenses | Total Amount Payable |
|---|---|---|---|---|---|
| 100,000 TRY | 24 | 1.70% | 5,362.28 TRY | 625.35 TRY | 128,694.52 TRY |
Without additional products:
| Financing Amount | Term | Monthly Profit Rate | Installment Amount | Total Expenses | Total Amount Payable |
|---|---|---|---|---|---|
| 100,000 TRY | 24 | 1.76% | 5,407.66 TRY | 625.35 TRY | 129,783.55 TRY |
- Allocation fee is calculated as 0.5% of the financing amount and added to the total expenses.
- The pledge fee is 75.35 TRY and is included in the total expenses.
- A one-year life insurance premium is calculated as 175 TRY for a 32-year-old male customer (The premium may vary on the financing amount, terms, age, and monthly profit rate.).
- Car insurance premium for a used car worth 400,000 TRY is calculated as 7,500 TRY for a customer of the same age and with a no-claims discount.
- If the financing is used with a three-month deferral, the profits not received within the said period are added to the first installment profit amount.
Channels to Apply for Digital Car Financing
You may use the Kuveyt Türk Mobile or Internet Branch to easily apply for Digital Car Financing. Here are the steps you need to follow when applying:
- Log in to the Kuveyt Türk Mobile.
- Click on Financing -> Financing Application -> Car Financing Application from the menu on the left bar.
- Then, enter the information about the vehicle you intend to buy.
- Next, enter details about the financing you wish to get.
- Customers are given a unique campaign code when purchasing a vehicle from companies partnered with Kuveyt Türk. You can enter your code to benefit from the opportunities offered as part of the campaign.
- You may also get a discount on financing installment payments by taking up special offers on selected products. Transactions related to the special offers you choose during your application are completed at Kuveyt Türk branches. You can find detailed information about special offers in the “Advantages” section.
- You can review the repayment plan once you enter the details. The page contains monthly and total amounts to be paid and all details about the repayment plan.
- After viewing the repayment plan, fill in your income information.
- In the next step, confirm the information you entered and complete the application.
- Next, enter information about the dealer.
- View the expenses and approve the amount.
- Read and approve the financing agreements.
- Upload the documents related to the vehicle sale completed at the notary to the mobile application.
- We pay the dealer after verifying the documents.
Advantages of Digital Car Financing
You can benefit from numerous advantages when you choose to get digital financing support to buy your dream car. Here are the attractive advantages of Digital Car Financing:
- Purchase your dream car with financing rates exclusive to our digital channels.
- Have the privilege of quickly getting financing support from the comfort of your home by completing the application process through the Kuveyt Türk Mobil.
- Enjoy more options when purchasing a vehicle with the ever-expanding range of Kuveyt Türk partnerships.
- Benefit from special offers to receive discounts on installment payments.
Here are the special offers to get a discount on installment payments:
- If you actively use the products you selected during your financing application every month, a discount will be reflected on your next installment.
- You can apply for the product of your choice through the Kuveyt Türk Mobil, Internet Branch, or by visiting one of our branches.
- If you choose the Private Pension System as a special offer and invest the amount you have specified each month, the amount of discount you receive from this product is deducted from the next installment.
- You can get a discount by actively using your credit card.
- If your Credit Life Insurance is active throughout the financing term, a discount is applied to your installments.
- You can reactivate the selected products that have been inactive and get a discount again.
Download the Kuveyt Türk Mobile and apply for car financing with advantageous discount opportunities! Wait no more to have the car of your dreams!
Frequently Asked Questions About Digital Car Financing
What documents are required for Digital Car Financing?
You need to submit a proforma invoice for new vehicles and a license for used vehicles to apply for Digital Car Financing. In addition to these documents, a motor insurance policy and a notarized sales contract are required.
Is there an age limit for vehicles to be eligible for Digital Car Financing?
There is no age limit for new vehicles to benefit from Digital Car Financing. For used vehicles, financing support is available for cars up to a maximum age of 10.
What amount of Digital Car Financing is available?
The amount of financing that can be used is determined based on the sales value for new vehicles and the insurance value for used vehicles. Accordingly, the financing support limits are as follows:
- Maximum 70% for vehicles with a sales value or motor insurance value of 400,000 TRY or less
- Maximum 50% for vehicles worth between 400,001 and 800,000 TRY
- Maximum 30% for vehicles worth between 800,001 and 1,200,000 TRY
- Maximum 20% for vehicles worth between 1,200,001 and 2,000,000 TRY
Is pledging mandatory in Car Financing?
Kuveyt Türk pledges the purchased vehicle as collateral. We carry out this process on our end after receiving the pledge fee to be paid to the Notaries Union of Turkey. The pledge on the vehicle is automatically released when all of the financing repayments are made.