Credit advantage for domestic electric cars

The Banking Regulation and Supervision Agency (BDDK) has changed the terms and loan amounts for loans to be used for domestic electric vehicles. Accordingly, a 70 percent loan will be provided with a 48-month maturity for electric vehicles worth up to 900 thousand TL. The Banking Regulation and Supervision Agency (BDDK) has made a special loan arrangement for electric motor vehicles produced by local manufacturers. Accordingly, up to 70 percent of electric vehicle prices with a final invoice value of 900 thousand TL and below will be able to be used with a 48-month maturity. A 36-month maturity loan opportunity will be offered for 50 percent of electric vehicles worth between 900 thousand TL and 1 million 800 thousand TL. On the other hand, a 24-month maturity loan will be available for up to 30 percent of electric vehicles between 1 million 800 thousand TL and 2 million 200 thousand TL. A loan will be provided for up to 20 percent of electric vehicles between 2 million 200 thousand TL and 2 million 800 thousand TL. The term of the loan will be 12 months. In addition, the loan will not be available for vehicles over 2 million 800 thousand lira.