Commercial Vehicle Loan Calculator

Calculate your commercial vehicle's monthly installment or total loan payment.

Note: This calculation does not include KKDF and BSMV. For commercial vehicle loans, KKDF: 0%, BSMV: 5%.

Warning: This tool is for informational purposes only. Contact your bank for exact figures.

What is a Commercial Vehicle Loan? How to Calculate and Requirements

The Right Financing for Your Business: Commercial Vehicle Loan

A commercial vehicle loan provides financing for vehicles that businesses need to maintain their operations. With this loan, companies can purchase new vehicles, expand their existing fleet, or replace old vehicles.

In this guide:

  • What is a commercial vehicle loan?

  • What are the application requirements?

  • How is it calculated?

  • Taxes and funds applied

  • Can it be used for second-hand vehicles?

💡 Want to calculate immediately? Use our Commercial Vehicle Loan Calculator at the top of the page to find monthly installments and total cost in seconds!

What is a Commercial Vehicle Loan?

A commercial vehicle loan is financing provided to businesses for vehicles used in their operations.

With this loan:

  • All commercial vehicles (panel vans, pickup trucks, trucks, buses, etc.) can be purchased

  • It can be used for new or used vehicles

  • The purchased vehicle is pledged to the bank as collateral

Commercial Vehicle Loan Application Requirements

  • Legal Entity: The applicant must be a company or commercial partnership

  • Financial Status: Company financial statements, tax records, and general ledger are reviewed

  • Business Activity Document: Proof that the business is active

  • Credit Score: The company’s past debt repayments are evaluated

⚠️ Note: Individuals seeking to buy a commercial vehicle usually need a business or vehicle loan.

How to Calculate a Commercial Vehicle Loan

Commercial vehicle loans are calculated using the equal installment (annuity) method:

Monthly Installment=K⋅r⋅(1+r)n(1+r)n−1\text{Monthly Installment} = \frac{K \cdot r \cdot (1+r)^n}{(1+r)^n – 1}

 

  • K: Loan amount

  • r: Monthly interest rate

  • n: Term (months)

Example Calculation:

  • Loan Amount: 250,000 TRY

  • Annual Interest Rate: 2.25% → Monthly: 0.1875%

  • Term: 48 Months

Monthly Installment ≈ 6,248.50 TRY

Taxes and Funds on Commercial Vehicle Loans

  • BSMV (Banking and Insurance Transactions Tax): 5% on interest

  • KKDF (Resource Utilization Support Fund): 0% on interest

💡 Note: KKDF for commercial vehicles is 0%, which differs from individual vehicle loans.

Maximum Loan Amount

  • Banks in Turkey can provide a loan up to 80% of the vehicle’s price including VAT and SCT

For Second-Hand Vehicles:

  • The vehicle’s age + loan term cannot exceed 108 months

Maximum Term

  • Commercial vehicle loans can be repaid in a maximum of 60 months

Frequently Asked Questions (FAQ)

🔹 What is the KKDF rate for commercial vehicle loans?

  • KKDF is 0% for commercial vehicles

🔹 Can I get a loan for a second-hand commercial vehicle?

  • Yes, but the vehicle’s age + term cannot exceed 108 months

🔹 What is the BSMV rate for commercial vehicle loans?

  • 5% applied on interest

🔹 Can individuals purchase commercial vehicles?

  • Yes, but some banks may process this as a business loan

Conclusion: Grow Your Business with a Commercial Vehicle Loan

A commercial vehicle loan is a strong financial tool to meet your operational needs. However:

  • Calculate interest and taxes carefully

  • Balance term and installment amounts with your cash flow

  • Prepare all required documents completely

🏢 Warning: This calculator is for informational purposes only. Contact your bank for exact details.

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