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Most Preferred Consumer Loans

Most Preferred Housing Loans

Most Preferred Vehicle Loans

FAQ (Frequently Asked Questions)

Home, car, furniture, vacation, education... There are different types of personal loans that you can use in many different areas, suitable for their usage areas. We can list the main loan categories offered by banks for individual consumers as follows:

  • Housing loan: It is a type of loan that offers long-term opportunities that you can use for housing, land, office purchases.
  • Vehicle loan: It is a type of loan that you can use for the purchase of second-hand and new vehicles, with a maturity of up to 60 months.
  • General purpose loan: It is the type of loan that you can use for all your needs without a loan extension rate, with 36-month maturity options.
  • SME loan: It is a type of loan that can be used by business owners and has various advantages.

These main categories are also divided into sub-types such as property loan, holiday loan, second-hand vehicle loan, land loan for different usage purposes. The maturity periods of the loans are different from each other. While there is a maturity opportunity of 36 months in consumer loans and up to 60 months in vehicle and SME loans, a maturity opportunity of up to 360 months can be offered in housing loans, although this may vary from bank to bank. In addition, since vehicle and housing loans are mortgage loan products, the loan utilization rate is in question. This rate may vary depending on the loan type and amount.

While examining the most suitable loan options, you may encounter certain obstacles during your application. One of the most important obstacles is that the credit record is not clean. Delaying your payments until the legal process and not making regular payments will lower your credit rating and spoil your record.

In order to clear your credit record, you must pay all of your current debts. If you do not have the strength to do this, you can use the debt restructuring systems of banks before your record is broken, that is, before the legal process begins. As another method, you can request a debt transfer loan to different banks with the interest rates offered when you apply for a loan.

After deciding for the most suitable loan and the most suitable loan interest, it remains to take the money in cash. Although loan transactions took longer time in the past, now you can get your loan by completing your application in a very short time frame. In general, instant consumer loans are issued within 1 hour, vehicle loans are issued in an average of 3 working days and housing loans are issued in an average of 5 working days. At this point, the most important point that accelerates the processes is that the documents are complete. Especially if the appraisal report and title deed documents are completed in housing loans, the system of banks can also accelerate. We would like to remind you that the process may take longer if the bank requests documents for consumer loans.
You can apply for as many loans as you want, provided that your monthly loan or credit card debt payment amount does not exceed half of your monthly salary. At this point, the important thing is that your credit rating has not dropped and you are not in legal pursuit. If you do not make your payments regularly and your credit rating has dropped, you will not be able to get a loan even at the most suitable interest rates.

Consumers look at banks' interest rate, total repayment amount, monthly installment amount, and cost items such as file costs. Banks also look at the credit rating of consumers. Credit score is a numerical value that includes your entire banking history. Banks want the credit score of the person they will lend to be above a certain value.

Your personal credit score; It is determined according to your past loan and credit card debt payments and your current debt and income situation. There are multiple factors in determining a credit score. For example, frequent loan applications can also negatively affect your grade. Credit rating cannot be interfered with by any institution or individual. It is the banks' own initiative to approve or reject an application made by a consumer with a low credit score for a consumer, housing or vehicle loan product.

You can learn your credit rating from Findeks, a service of KKB, or you can learn your credit rating through the bank you are a customer of.