KGF acts as a guarantor for SMEs and non-SME enterprises that cannot get a loan due to insufficient collateral. KGF supports SMEs and non-SME enterprises in access to financing.

Product Description

The Ministry of Treasury and Finance has allocated a guarantee limit to Kredi Garanti Fonu. SME and non-SME enterprises will be made available until 31.12.2020.
In order to the checks to be paid to the beneficiary in the presentation of the checks that have been drawed by the enterprises, it is aimed to finance these enterprises with KGF guarantee loan and to prevent the problems in the trade chain due to the effects of the epidemic.


Source of the Guarantee

Treasury Fund


Relevant Organization/Financial Institutions

18 Banks holding shares in KGF; Türkiye Cumhuriyeti Ziraat Bankası, Türkiye İş Bankası, Türkiye Vakıflar Bankası, Türkiye Garanti Bankası, Yapı ve Kredi Bankası, Türkiye Halk Bankası, Akbank, QNB Finansbank, Denizbank, Kuveyt Türk Katılım Bankası, Türkiye Emlak Katılım Bankası, Türk Ekonomi Bankası, Ziraat Katılım Bankası, Vakıf Katılım Bankası, Albaraka Türk Katılım Bankası, Türkiye Finans Katılım Bankası, ING Bank, Şekerbank



Maturity is maximum 12 months, with a grace period is maximum 3 months.


Guarantee Limit and Guarantee Rate



Special Conditions

During absorbtion, the document confirming the existence of a real commercial relationship made until 25.03.2020 and checks that have been drawed until 30.06.2020 will be sought to finance this relationship.


Fee and Commission

  • KGF collects one-time and in advance 0.5% of the amount of the guarantee for each guarantee for the use of the guarantee in exchange of guarantees. In the case of a configuration, a commission is collected from the beneficiaries in advance at 0.5% over the guarantee balance. In the configurations made until 31.12.2020, no commission is charged in case the Treasury guarantee risk does not increase and the maturity of the guarantee risk does not extend more than 6 months.
  • The Bank may charge a maximum of 0.5% of the loan amount, once in advance and as a cash, for each loan disbursement from the beneficiaries.
  • In loans to be disbursed under the Treasury-funded KGF guarantee, the Bank cannot charge any additional fee other than the expenses to be paid for procedures to be fulfilled by third parties (appraisal, insurance etc.)


Application Requirements

General Criteria
  • Beneficiaries are required to be one of the individual proprietorships or legal entity businesses established in accordance with the laws of the Republic of Turkey, operating at home or in Free Zones in Turkey.
  • There should be no decision of bankruptcy, liquidation, suspension of bankruptcy or composition for bankruptcy from the companies in which at least 25% of the shares are owned by the beneficiary or by the beneficiary and/or his/her partners jointly or individually.
  • According to the most recent Credit Limit, Credit Risk and Receivables to be Liquidated Report issued by the Banks Association of Turkey Risk Centre by the date of application to the Bank, the Beneficiary should not be classified in the category of non-performing loans except for loans classified in the third and fourth group under the "Regulation on the Principles and Procedures Governing the Classification of Loans and Other Receivables by Banks and Corresponding Reserves to be Provided for Them", nor should be classified under receivables monitored in the account "Past-Due Loans and Receivables Qualified as Loss" under the provisions of the Regulation on Accounting Practices and Financial Statements of Financial Leasing, Factoring and Financing Companies published in the Official Gazette dated 24/12/2013 and numbered 28861,
  • The loans to be allocated to beneficiaries under this Protocol is subject to the requirement that there should be no unpaid commission debt from previous periods.



AS OF 31.03.2024;

ENTERPRISES (#)1442524