Product Description

This package is aimed at developing the entrepreneurship ecosystem, facilitating the access of all entrepreneurs, particularly young and techno entrepreneurs, to finance, and supporting innovation and high-tech production.

Resource for Guarantee

Treasury Fund

Related Financial Institutions / Corporations

Denizbank, Emlak Katılım Bankası, Garanti Bankası, Halkbank, İş Bankası, Kuveyt Türk Katılım Bankası, Türkiye Finans Katılım Bankası, Vakıfbank, Vakıf Katılım Bankası, Yapı ve Kredi Bankası, Ziraat Bankası, Ziraat Katılım Bankası

 Product Maturity

Maximum 60 months maturity (including the grace period)-Maximum 12 months grace period

The disbursement period for loan products deemed eligible under this package will be 12 months, provided that this period does not go beyond December 31, 2024  (in line with banking practices, an exceptional one-month duration can be added to the loan period if needed).

Guarantee Cap Rate and Guarantee Rates

Loan Products Available

1. Business Credit Cards
   1. New Credit Card allocation
   2. Working capital loans that are to be disbursed to create a positive balance after making payments (including the following months) to a new Credit Card or existing Credit Cards that have no risk balance (Installment Loan, Spot Loan, Usury, etc.).
2. Connected to a Debit/Bank Card;
   1. Overdraft Account (even if the beneficiary already has an account, a new overdraft account specific to this program must be opened)
   2. Installment Loan, Spot Loan, Usury, etc
3. Working Capital Loan / Usury (*)
   1. Installment Loan
   2. Spot Loan
   3. Revolving Loan
   4. Cashless Overdraft Account products
   5. Other approaches suitable for Participation Banking

 (*)Participation Banks may disburse loans through appropriate methods for participation banking, regardless of Debit/Business Card

Fee and Commission Rates

• The KGF shall collect, in return for each guarantee it gives, a one-time commission corresponding to 0.5% of the respective guarantee amount from the beneficiaries through the lenders. In the event of debt restructuring, a commission amounting to 0.5% of the balance amount of the guarantee shall be collected in advance from the beneficiaries through creditors.
• In retun for each loan disbursed, creditors may collect a commission amounting to a maximum of 1% of the loan amount from the beneficiaries.

Special Conditions

• Beneficiaries may receive, for use as operating expenses, a cash amount of not more than 10% of the working capital loan allocated to them
• Credit cards will be restricted for cash advances.