Select another country or region to see products specific to your location.

TRY IT FREE FOR 15 DAYS

WITHOUT PROVIDING CREDIT CARD INFORMATION

Documents Required for Car Loan

The documents required for a car loan are those that banks use to verify a person's identity, address, creditworthiness, and financial stability. These documents, along with the individual's credit rating, help the bank assess the loan application. For simplicity, we will provide a brief overview of car loans without detailing each required document.

Vehicle Loans

Today, nearly everyone prefers to use bank loans when purchasing a vehicle. This method allows individuals to spread out payments over time rather than paying the entire amount upfront.

Banks offer special campaigns for car loans and provide loans with interest rates they deem advantageous. When you apply for a car loan, banks require specific documents and evaluate your data to determine whether to approve or decline the loan. This process usually concludes within a day. Your task is to set a budget that fits your monthly payments and find a bank offering the most favorable interest rates.

I Applied for a Car Loan but Changed My Mind

With advancements in technology, the methods for applying for loans have evolved. While loan applications were once only available at bank branches, digital banking channels now provide a convenient alternative. The method of application can impact the cancellation process. Digital applications are either pre-approved or canceled based on your credit score and submitted information. If a pre-approved loan is not used within 14 days, it is automatically canceled. The 14-day rule also applies to branch applications, which require you to visit the branch again for cancellation. If the loan has been used, you can cancel it by repaying the accrued interest and the amount used up to that point. Upon cancellation, the bank will also destroy the documents required for the car loan.

Documents Required for a Car Loan

The documents needed for a car loan may vary depending on whether you are applying as an individual or a business. Ensure that you have the following documents prepared before applying, as banks will not process your application without them:

1. The completed loan application form provided by the bank.

2. The original and a photocopy of official identity documents such as an identity card, driver's license, or passport.

3. A utility bill (electricity, water, or natural gas) issued in your name to verify your address.

4. Recent payroll records covering the last 12 months for employed applicants.

5. A pension card and salary statement for retirees.

6. A receipt or temporary document for the SCT (Special Consumption Tax) payment related to vehicle registration.

As previously mentioned, the required documents for a car loan may vary depending on the bank and the applicant's situation.

If you are a car rental business owner seeking credit, we would be delighted to introduce you to Titarus. Titarus offers advanced services for managing both existing and new vehicles in your fleet. With modules and services designed for car rental companies, Titarus helps manage your fleet efficiently, regardless of size. Contact us to streamline your vehicle management, maintain essential customer data, and handle reporting, human resources, and more.

LATEST BLOG POSTS

Important Car Fault Signs and Their Meanings

Driving a vehicle is not only comfortable but also brings with it various risks. For a safe and comfortable ride, the driver must remain constantly alert to both the general condition of the vehicle and potential malfunctions. Today's vehicles are equipped with many warnings on the dashboard to ensure safe driving.

Advantages and Disadvantages of Diesel and Gasoline Vehicles

Owning a car today directly impacts the quality of life in a positive way. However, owning a car comes with certain costs and various advantages and disadvantages depending on the type of fuel your chosen car uses. In this article, we will delve into the advantages and disadvantages of diesel and gasoline vehicles, providing an in-depth examination of both types.

What are HGS and OGS Vehicle Classes?

The class of the vehicle is important when purchasing OGS (Automatic Toll Payment) or HGS (Fast Toll Payment) stickers for use on toll roads, such as bridges and highways. Vehicles are categorized into several classes, which are:

Car Rental and CRM Program

The Car Rental and CRM Program is software designed to help car rental companies identify the needs of their current and potential customers, develop strategies accordingly, and significantly control costs.

Things to Consider While Creating a Fleet

Things to consider when creating a fleet include the rules that must be followed by both car rental companies and businesses with extensive service networks. Understanding the causes and consequences, which we will explain shortly, can help you make profitable decisions when purchasing vehicles and simplify the process of selling them when necessary.

Accident with A Rental Car

Having an accident with a rented vehicle is an annoying situation due to both material and moral losses and bureaucratic procedures you have to face. General causes of traffic accidents that are common in our country: careless drivers and drunk driving

Vehicle Subscription Services

When you need a car for both personal and business reasons, the first option is often to borrow it from relatives. If this isn't feasible, you should consider either buying or renting a new or second-hand vehicle.

What is Periodic Vehicle Maintenance? How Should It Be?

Periodic vehicle maintenance includes all processes conducted at intervals determined by manufacturer guidelines. This maintenance involves changing and repairing vehicle parts and fluids as needed. It positively impacts both the vehicle's lifespan and safety.

How Should Vehicle Cleaning Be Done?

Turkey has been fighting the coronavirus for about a year and a half. Various measures, such as bans, closures, and personal precautions, have been implemented to slow down the spread of the virus. While personal hygiene is a crucial factor in combating the virus, maintaining the hygiene of the cars we drive is equally important.

What is a Rental Vehicle Tracking System?

The rental vehicle tracking system is a system that allows rent-a-car companies to send information to the center via a GPS connection from a small device installed in their vehicles. It also provides instant tracking with location notifications. For car rental companies, cost and safety are very important considerations, given the value of the cars they rent.

What is Required to Open a Rent A Car Company?

The Rent-A-Car Working System can evolve based on the company's corporate structure, sector conditions, and other factors. Each company develops unique strategies and operational principles according to its internal dynamics. This principle also applies to rent-a-car companies, which may adapt their systems and processes to meet their specific needs and market conditions.

Rent A Car Working System

The working system for rent-a-car companies may evolve periodically based on the company's corporate structure, industry conditions, and other factors. As is well known, every company develops strategies and working principles tailored to its internal dynamics. This holds true for rent-a-car companies as well.

Rent a Car Contract Program

It is essential for car rental companies to have the ability to retrospectively examine contracts, keep them organized, and easily prepare new contracts when needed. While contracts were once stored as paper documents, they can now be efficiently managed using digital media.

Expenses Incurred While Purchasing A Vehicle

Buying a new or used car is a dream for many. In this article, we will discuss the additional costs associated with purchasing a vehicle, including both pre-purchase and post-purchase expenses.

Economical Driving Ways

Today, despite the emergence of various engine technologies that use alternative energy sources, economical driving remains a top concern for vehicle owners, as a complete solution for energy efficiency has not yet been found.