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Credit regulation for electric vehicles from the BRSA

The BRSA increased the lower limits for credit usage amounts related to electric vehicles. Accordingly, up to 70% of electric vehicles with a final invoice value of ₺900 thousand or less can be used in 48-month terms.

BRSA introduced a new loan arrangement for electric motor vehicles.

According to the new regulation, up to 70% of electric vehicles with a final invoice value of ₺900 thousand or less can be used in 48-month terms.

A 36-month loan will be offered for 50% of electric vehicles between ₺900 thousand and ₺1 million 800 thousand.

On the other hand, up to 30% of electric vehicles between ₺1 million 800 thousand and ₺2 million 200 thousand can be borrowed with a term of 24 months.

Up to 20% of electric vehicles between ₺2 million 200 thousand and ₺2 million 800 thousand will be given loans. The maturity of the loan will be 12 months.

On the other hand, loans cannot be used for vehicles over ₺2 million 800 thousand.

Source: Trthaber / Prepared by Irem Yildiz

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