Car Loan

You Choose the Car, We Provide the Financing

For both new and used vehicle purchases, Iktisatbank offers Car Loan with the most favorable interest rates and high financing options.

No matter the make of the car you wish to own, your Car Loan is ready at Iktisatbank.

Our Car Loan includes flexible payment options, such as installment deferral and the ability to skip payments in selected months, making repayments easier for you.

With comfortable and budget-friendly payment plans, your financing is ready at Cyprus Iktisat Bank Ltd.—all that’s left is for you to choose your vehicle and set your budget.

The Loan Calculator allows you to easily calculate your desired loan amount, monthly installments, and total repayment. If you prefer, you can complete your application immediately by filling out the Loan Application Form via the Apply Now option.

Car Loan Calculation Details

• A one-time loan allocation fee will be applied at the time of loan disbursement, calculated as 2% of the loan amount, plus an additional 3% Banking and Insurance Transaction Tax (BITT) on this fee.
• A 0.5% stamp duty is collected on the total loan amount specified in the loan contract. Annual cost rate calculations do not include insurance premiums. If insurance is required, the annual cost rate including insurance will be specified in the Consumer Loan Pre-Information Form provided before loan disbursement.
• Installments include principal, interest, and taxes. A 3% BITT is charged on the interest amount as tax. If comprehensive insurance is required, the premium will vary based on the vehicle’s value, and the Personal Loan Pre-Information Form will include annual cost rates that cover the premium.
• The bank reserves the right to assess loan applications and modify interest rates.

For further information and assistance, please visit your nearest branch or call our Telephone Banking at +90 (392) 444-4444.