Discount in Vehicle Loan: 250 thousand TL repayment has been announced

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Lerato Khumalo

The limited reflection of the Central Bank’s interest rate cut on loans continues. Vehicle loans closely followed by those who want to buy cars began to come to decline signals. Looking at the interest rates of the banks, the lowest interest rate in vehicle loans decreased to 3.39 percent. Last week, the lowest interest rate proposal was around 3.45 percent. In most banks, interest rates are in the range of 3,50-4.00.

So how much is the installments and repayment of 250 thousand TL vehicle loan with a maturity of 36 months? Here is the bank bank details:

Akbank

Interest rate 3.45 %
Monthly Installment 14.123,15 TL
Total Payment 509.870 TL

WARRANTY BBVA

Interest rate 3,39 %
Monthly installment 13.976,39 TL
Total Payment 504,400 TL

Kuveytturk

Interest rate 3.15 %
Monthly installment 13.396,18 TL
Total Payment 483,699 TL