In the scope of its Personal Banking services Kuveyt Türk offers personal funding services that end consumers may require for their personal purchases. Kuveyt Türk Consumer Financing Services is conducted in conformance with the principles of interest-free banking and is absolutely not executed as a cash loan.

To this extent, we finance the requirements of end consumers such as automobiles, durable consumer goods, computers, office machines, homes, furniture in the framework of the principles of interest-free banking and at suitable rates. The consumer may be indebted to our bank on a Turkish Lira or foreign currency basis based upon his/her own preference.

Sales and purchases of property are carried out no differently than other products our bank deals in. In real estate financing, we receive a cash advance of a minimum of 25% of the total price, in other words, our bank finances only 75% of the price of the real estate.

In real estate financing to be carried out as Personal Financing Support, the sale of the property is conducted directly from the seller to the buyer and after the sale, a mortgage is placed upon the concerned property by our bank. In real estate financing, costs related to buying-selling, mortgage and the like are paid by the customer.

Our bank also finances the purchase of second hand cars. In automotive financing, the vehicle is sold directly but the seller to the buyer and a lien is placed on the registration of the vehicle with our bank as the beneficiary.

The vehicle to be financed must be at the most 5 years old and a maximum of 80% may be financed.

Preconditions

• The required credit check is performed for the person or institution requesting the financing. Applicants must not have bad checks, protested bonds or negative impressions in the market.

• A Consumer Credit Application Form, obtained from Kuveyt Türk branches, the Kuveyt Türk Internet Site or from companies where the campaign is conducted, should be completed.

• Properties subject to sale must definitely have independent deed certificates.

• According to the results of the credit check conducted by our bank and the income status, guarantors may be requested for those requesting funds.

Documents Requested

• A Consumer Credit Application Form and Contract (may be obtained at branches of Kuveyt Türk, the Kuveyt Türk Internet Site and if any, campaign points)

• Income documents (wage statement, financial tables, tax board, etc.)

• A photocopy of identification card

• The work place approved wage statement or approved work place SSK notification for salaried employees

• Tax board or SMM approved annual accounts for individual companies

• Balance sheets for the past three years and SMM approved, profit-loss statement and Commercial Registry Gazette for companies

• Credit card statements for the past two months

• A Collateral bond in the amount of the total debt

• A photocopy of the vehicle registration (for car purchases)

• Photocopy of deed (for real estate purchases)

• One paid utility bill for the past two months or a Residence Certificate to be received from the district elder

• If a guarantor is required, these documents shall be requested from the guarantor as well.