Car Loan​

Required documents for application:

• Identification
• In the name of the applicant, invoices for the last three months (gas, electricity, telephone, water)
• Proof of income

For detailed information and to apply, you can visit Odeabank branches.

Freelancers/Tradesmen:

• Tax certificate for the last year, balance sheet, and income statement/business account summary
• Chamber of Commerce Gazette/Chamber Registration Document

Company Partners:

• Tax certificate for the last year, approved balance sheet and income statements/business account summary,
• Chamber of Commerce Gazette/Chamber Registration Document

Salaried Employees:

• Payroll or salary letter and company signature circulars

Retirees:

• Pension book or a letter containing information about the bank account where the retirement pension is deposited

Those Declaring Real Estate Income:

• Title deed proving income and relevant lease agreement

Those Earning Capital Income:

• Account statement showing interest income.

You can easily make your loan installment payments through the following channels:

• Internet Banking
• Odea Mobile Application
• Customer Contact Center (444 8 444)
• EFT/transfer from any bank account
• Akbank ATMs and PTT branches

*To make payments from Akbank ATMs and PTT branches, TC Identification Number and IBAN Number of the credit account are required. Payments at PTT branches are charged at 12.02 TL including SCT, while payments at Akbank ATMs are charged at 17.50 TL + SCT. Payments can be made from Akbank ATMs by selecting "Odeabank Payments" step.

In personal vehicle loans, the maximum loan amount is determined based on the final invoice value of the vehicle as follows:

• For vehicles in the range of 0-400,000 TL, up to a maximum of 70%;
• For those in the range of 400,001 TL – 800,000 TL, up to a maximum of 50%;
• For those in the range of 800,001 TL - 1,200,000 TL, up to a maximum of 30%;
• For those in the range of 1,200,001 TL – 2,000,000 TL, up to a maximum of 20%;

Vehicles exceeding 2,000,000 TL are not eligible for a vehicle loan.

The loan term for car loans is determined as follows;

• For vehicles in the range of 0-400,000 TL, a maximum of 48 months;
• For those in the range of 400,001 TL – 800,000 TL, a maximum of 36 months;
• For those in the range of 800,001 TL - 1,200,000 TL, a maximum of 24 months;
• For those in the range of 1,200,001 TL – 2,000,000 TL, up to a maximum of 12 months;

Vehicles exceeding 2,000,000 TL are not eligible for a vehicle loan.

Insurance costs are not included in the calculation of the effective annual cost rate and may vary based on the loan amount, term, interest rate, and the customer's age. The effective annual interest rate includes the loan allocation fee. It is recommended to have Comprehensive (KASKO) and Traffic Insurance for vehicle loans. The bank reserves the right to request income documents, stop campaigns, change their content, and evaluate applications freely. The loan is available to individuals over the age of 18 who can document their income. A car lien is taken, and the customer must obtain Comprehensive (KASKO) Insurance for the pledged vehicle.