Banks Got Excited and Dropped Interest in Car Loans to 1.80 %

The banks reflected the overall falling interest rates in Turkey on automobile loans, in the fastest manner. With the interest rate of 1.8 % purchased yesterday by Akbank, the interest rates in automobiles fell below the level of even the year 2000. Except for various “requirements’, the interest rate is between 1.85 per cent and 2.05 per cent for car loans, in the banks. The banks state that the interest rate of car loans would fall to 1.25-1.50 % at the end of this year. Last year three out of each 4 cars , were sold on loans. Â