Product Description

This package is aimed at providing SMEs that operate in the manufacturing sector with financial support for the completion of digital transformation processes [big data, artificial intelligence (AI), industrial internet of things (IIoT), cloud computing, platform services, etc.].

Resource for Guarantee

Treasury Fund

Related Financial Institutions / Corporations

Emlak Katılım Bankası,Garanti Bankası, Halkbank, İş Bankası, Kuveyt Türk Katılım Bankası,  Vakıfbank ,Vakıf Katılım Bankası,Yapı Kredi Bankası, Ziraat Bankası,Ziraat Katılım Bankası

 Product Maturity

Investment Loan -Maximum 48 months maturity -Maximum 12 months grace period

Working Capital Loan - -Maximum 30 months maturity ,Maximum 6 months grace period

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
4. Investment Loan (**)
   1. Installment Loan
   2. Other approaches suitable for Participation Banking including Finance Lease

**This support package allows debtors who use investment loans under this package to access additional working capital loans not exceeding 10% of the respective investment loan, provided that the working capital loan is disbursed by the same creditor.

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 are required to commit to not reducing the number of employees for a period of two years from the date of loan disbursement.
• Credit cards will be restricted for cash advances.
• The amount of an investment loan cannot exceed 70% of the total amount of the investment to be made by the beneficiary. Accordingly, all investment-related information, including additional information required for investments to be made under an Investment Incentive Certificate, should be entered completely and accurately on the guarantee application. Creditors must also upload the feasibility report/invoice or commitment regarding the investment to KOBİT.
• Beneficiaries may receive, for use as operating expenses, a cash amount of not more than 10% of the working capital loan allocated to them.

Product Description

This package is aimed at financing private educational institutions, as described in Article 2(1)(c) of Law No. 5580 on Private Educational Institutions, that face difficulties in meeting personnel expenses.

Resource for Guarantee

Treasury Fund

Related Financial Institutions / Corporations

Emlak Katılım Bankası, Halkbank, İş Bankası, Vakıfbank, Vakıf Katılım Bankası, Yapı Kredi Bankası, Ziraat Bankası, Ziraat Katılım

 Product Maturity

Maximum 24 months maturity -Maximum 8 months grace period

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 are required to commit to not reducing the number of employees for a period of two years from the date of loan disbursement.
• Credit cards will be restricted for cash advances.
• The sum of the gross salaries will be calculated by multiplying the amount stated in the last withholding tax return prior to the loan application date by 12. In addition, beneficiaries should prepare, and submit to the respective Creditor, monthly projections for the amount of the loan. Creditors will release the limit each month for the respective month’s gross salary payments (net salary plus related tax and SSI premiums). Beneficiaries must submit the necessary information and documents to the creditor regarding the payment of the previous month’s salary so that the creditor can release the limit.
• A maximum of 10% of the maximum 25% additional loan that can be allocated to the beneficiary can be given in cash to be used for operational expenditures
• Installment expenditures made by credit card cannot exceed the maximum 12-month disbursement period

Product Description

This package aims to finance SMEs and non-SMEs that are either exporters or operating in the services sector with foreign currency income.

Fund Used for Guarantee

Treasury Fund

Relevant Financial Institutions / Institution

Akbank, Denizbank, Garanti Bank, Eximbank, Halkbank, İş Bank, Türk Ekonomi Bank, QNB Finansbank, Vakıfbank, Yapı Kredi Bank, Ziraat Bank

Term of Product

- A grace period for principal amount for a maximum of 6 months

- A maximum of 24 months maturity (including the grace period for principal amount)

- For rediscount loans, a grace period for principal amount for a maximum of 12 months

Guarantee Limits and Rates

The guarantee rate for rediscount loans is 100%.

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

4.Non-cash Loans(**)(***)

* Guarantee is provided for the loans provided by the Lender to exporters or companies engaged in activities with income in foreign exchanges, provided that these loans are under commitment. This requirement is not valid for guarantees provided to tourism companies.

** Letters of guarantee to be issued for Rediscount loans addressed only to Eximbank

*** For non-cash loan disbursements, the Lender shall receive a commission amounting to 1% but no any additional commission for the letter of guarantee.

Fee and Commission Rates

• The institution 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.

• The lender may collect from beneficiaries a one-off commission equal to 1% of the loan amount in cash for each loan disbursement from the beneficiaries in return for the loan.

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.

• The package offers loans denominated in TRY only.