You can use TEB Auto Loan if you want to buy the car of your dreams, to renew your old car, or to give an unforgettable present to your spouse or child.
You will not be affected by changes in interest rates during the period of repayment of your automobile loan. You can with your discretion and option arrange loan payments on an installment plan from 3 to 24 months.
Maximum amount of your automobile loan in YTL or indexed to foreign currency may be up to 75% of the turnkey delivery price of 0 km automobiles, or up to 60% of the automobile insurance value of secondhand automobiles up to 3 years old local automobiles and up to 5 years old foreign automobiles.
To be eligible for TEB Auto Loans:
For you and your sponsor:
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Photocopy of identity card or driving license,
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Residence certificate,
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If you are a self-employed, your tax account card, or if you are a salaried employee, your wage payroll (if the wage of a salaried employee is documented by a letterhead of the firm, the firm's signature circular),
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If you are a self-employed/proprietor, a copy of the relevant Trade Registry Gazette, and
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Proforma invoice of the automobile, or in case of a secondhand automobile, photocopy of traffic license of the automobile; or
If you are applying in the name of your company:
are required to be submitted. If you wish, in addition to the favorable interest rate advantages, you can make use of "prepayment" and "interim repayment/partial repayment" facilities, and take advantage of repayment without going to the branch by giving automatic payment instructions.
However, additional documents and guarantees may be demanded depending on the conditions of the loan requested. For detailed information about TEB Auto Loans, you can call 444 0 666 TEB Telephone Banking, and for a loan application, you can come to any TEB Branch open at noon time as well.