Special loan agreement from BRSA to TOGG
The Banking Regulation and Supervision Agency (BDDK) has increased the credit limits for electric vehicles with electric motors developed and produced in the country.
Accordingly, up to 70 percent of the prices of electric vehicles with a final invoice value of TL 900,000 or less can be used in 48-month terms.
A 36-month credit line will be offered for 50 percent of electric vehicles between 900,000 lira and 1,800,000 lira.
On the other hand, up to 30 percent of electric vehicles between 1,800,000 lira and 2,200,000 lira can be borrowed with a term of 24 months.
Up to 20 percent of electric vehicles between 2 million 200 thousand lira and 2 million 800 thousand lira will be lent. The maturity of the loan will be 12 months.
In addition, the loans cannot be used for vehicles of more than 2 million 800 thousand lira.
‘ON TOGG MANUFACTURED VEHICLES ONLY’
B.An auto industry official noted that the regulation only applies to electric motors researched and developed in Turkey, stating that only vehicles produced by TOGG can benefit.
TOGG will produce a maximum of 28,000 vehicles this year and will sell 20,000 of them to consumers.
In accordance with current regulations, the proportion of the loan that can be used to purchase vehicles decreases according to the price of the vehicle, while the maturity decreases from four years to one year.
The statement was made by the BRSA last night.. (REUTERS, AA)
Source: Sozcu
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