Retail Banking

Personal Financing Application Conditions
Personal Financing Application Conditions
Personal Financing Application Conditions
Personal Financing Application Conditions

General Application Conditions

Personal Financing Application Conditions
Personal Financing Application Conditions
Necessary Documents
Conditions
Personal Financing Application Conditions
Personal Financing Application Conditions
Individual Customers
  • To apply for financing from Albaraka, you must be at least 18 years of age.
  • Your credit history must be in good standing with the credit registry office and the TCMB information center.
  • Your monthly income must be sufficient enough to pay your monthly installments.
  • The total of your monthly installment payments should not exceed 50% (half) of your regular monthly income.
  • Personal financing is available for properties such as, residences or offices and durable goods such as vehicles or home appliances.
  • With residence financing, the building (if under construction) must be at least 70% completed.
 
Corporate Customers
  • Business customers must be a sole proprietorship, partnership, corporation, anonym or limited company. 
  • The company must be in business for at least on year before application date.
  • Credit histroy must be in good standing with the credit registry office and the TCMB information center.
  • Personal financing is available for properties such as, residences or offices and durable goods such as vehicles or home appliances.
  • With residence financing, the building (if under construction) must be at least 70% completed.
Necessary Documents

 

Required Documents** for Individual Applications

  • Natural Gas Registration Form
  • Turkish Identifiaction Crd
  • Residence Document  
  • Income Documents  
  • For salaried employees:  Most recent pay roll information on company letterhead with authorized signatures from your company or a signed and sealed company letter with authorized signatures.  
  • For the self-employed: A copy of your tax certificate, Trade Registry Gazette information, authorized signatures, financial statements and income tables for last three years approved by Tax Office or Certified Financial Consultant, current year balance sheet, and an activity certificate or registration certificate from the Chamber of Merchants and Craftsmen.   
  • Copies of deeds, rent contracts, and other property or income documents (if applicable)   
  • Notarized signature document  
  • For the evaluation of financing applications, two persons must be willing to act as guarantors. The same documents should be prepared for your guarantors. Additional documents and information may be requested.   

 

Required Documents** for Corporate Applications

  • Identification Cards of Partners  
  • Notarized Signature Document 
  • Trade Registry Gazette informaiton  
  • Chamber Registration Certificate  
  • Financial Statements and Income Tables (last three years) 
  • Tax Certificates (last three years)  
  • For the evaluation of financing applications, two persons must be willing to act as guarantors. The same documents should be prepared for your guarantors. Additional documents and information may be requested.   

 

**Photocopies of all documents are required.

 

Fınance Guarantee Condıtıons

Real Person Customers

  • Availability of vehicle finance is done in return for insurance and surety,
  • Availability of residence finance is done in return for DASK and fire insurance and surety, Availability of consumer finance is done in return for just by the surety.
  • Individual accident insurance or life insurance obligatory does not exist for the personal finances used.

Our Judicial Person Customers

  • Availability of vehicle finance is done in return for vehicle pawn, surety and insurance,
  • Availability of residence finance is done in return for DASK and fire insurance and surety, Availability of consumer finance is done in return for just by the surety.