Garanti BBVA launches a used vehicle digital loan, the first of its kind in Türkiye

Garanti BBVA has added a new innovative solution to its range of digital banking products by launching a used vehicle digital loan available via mobile banking, making it the first of its kind in Türkiye. With this online loan, customers need only enter the required information, without the hassle of having to sign a loan agreement in-branch. Moreover, the innovative seller approval feature makes the transaction easier and safer by ensuring secure money transfers. Garanti BBVA is proud to offer this fast, easy, and environmentally friendly solution, which does away with paper waste and enhances the banking experience.

Garanti BBVA Deputy General Manager, Ceren Acer Kezik, underlined that nowadays, banking is fully digital and the goal is to make customers’ lives a bit easier by developing innovative digital solutions and providing them with a truly outstanding banking experience. “The most recent example of this is our online second-hand vehicle loan product, which we are offering for the first time through Garanti BBVA Mobile Banking in Türkiye,” she added.

A second-hand vehicle loan is an important need in life, yet in the past, customers had to visit a bank branch to sign numerous documents and agreements. Garanti BBVA has fully digitized this process by making it a solution where customers can complete their applications in minutes through a few simple steps and with the relevant documents approved digitally. Once the bank approves the application, the customer can instantly make the transfer to the seller. Moreover, the seller approval feature means no more disputes over whether the money was transferred, thus providing a more secure shopping experience for both parties.