Product Description

KGF shall provide guarantee for the credits to be made available to enterprises which operate based on a business idea and have been in service for at most 2 years.

Resource for Guarantee

Treasury Undersecretary Funds

Related Financial Institutions / Corporations

KGF shareholder banks, leasing companies of those banks and provided that operating under law no. 6361, other leasing companies & finance companies if they hold KGF share.

Product Maturity

For working capital loan maximum maturity is 5 years, grace period is 1 year.

For investment capital loan maximum maturity is 10 years, grace period is 3 years.

Interests on the grace period shall be collected at least once a year.

Guarantee Limit

Total guarantee limit per enterprise TRY 2.5 million

Maximum Guarantee Rate

90%

Fees and Commission

The guarantee commission is collected based on the guarantee amount of KGF once in advance at a rate of 0,03 % .

Besides, for the applications before 18th of March,  the guarantee commission based on  the guarantee amount of KGF will continue to be charged on guarantee risk for every year in the consecutive years.

Application Conditions

• The beneficiary is to be a real or legal entity enterprise with qualification of SME,
• Young Enterprise is to be real entity enterprise between age of 18 and 30, or legal entity enterprise belonging to the young people of which 50% of total shares is in the range of the said age limit,
• As of the application date of beneficiary is less than 2 years in accordance with the establishment date of its activity period,
• The beneficiary graduated from elementary school at least.