Product Description

The second term of the KGF Support Loan 2 program, which was previously prepared as a separate package to be provided out of the Agency’s own funds, has been initiated in order to meet the demands for the guarantee limits received intensively by our Agency from Banks, and to ensure the continuity of support provided to SMEs.

Source for Guarantee

KGF Equity

Related Financial Institutions / Corporations

Denizbank, Emlak Katılım Bankası, Garanti Bankası, Halkbank, Ing Bank, İş Bankası, Kuveyt Türk Katılım Bankası, Qnb Finansbank, Şekerbank, Türk Ekonomi Bankası, Türkiye Finans Katılım Bankası, Yapı Kredi Bankası, Vakıfbank, Vakıf Katılım Bankası, Ziraat Katılım Bankası, Ziraat Bankası

Product Maturity

Maximum 24 months, including a maximum grace period of 6 months

Guarantee Cap Rate and Guarantee Rates

Loan Products Available

• Cash Loan / Murabaha Products
• Non-cash Loan

Fee and Commission Rates

• For each new guarantee application or restructuring/repayment application that the Lender may file within the scope of the program, it shall deposit a TL 1,500 guarantee amount up to TL 1.5 million TL (excluding 1.5 million TL), TL 3,000 for a guarantee amount between TL 1.5 million and TL 3 million (excluding TL 3 million), or TL 4,500 for a guarantee amount between TL 3 million and TL 5 million as an application fee in the Agency’s account with the lender. In the event of the beneficiary not being included in the portfolio for any reason, the guarantee is deemed to be invalid or canceled, or the restructuring procedure is to be discontinued. The collected application fee will not be refunded.

• The commission shall not be refunded if a loan is closed before its date of maturity.

Product Description

KGF A.Ş. provides guarantee to the credits extended or to be extended by the Banks to SMEs operating economical and commercial activities and craftsmen, artisans, self-employed people, cooperatives (excluding land and residential building cooperatives), farmers and any other real and/or legal entity enterprises bearing the qualifications set or to be set in the Articles of Association of KGF, following credit worthiness determination conducted within.

Resource for Guarantee

KGF own equity

Related Financial Institutions / Corporations

KGF shareholder banks

Product Maturity

It is based on the Bank, Participation Bank, Financial Leasing Company maturity.
Period to benefit from the guarantee is 1 year as from the guarantee granting.

Guarantee Limit

Total guarantee limit given by KGF on behalf of each beneficiary is limited to TRY 1 million or equivalent amount in foreign currency so as not to exceed 80% of the credit limit requested by the bank. The guarantee limit for a risk group is limited to TRY 1.5 million or equivalent amount in foreign currency.

Maximum Guarantee Rate

80%

Fees and Commission

The guarantee commission is collected based on the guarantee amount of KGF in advance during the credit extension for the first year, and at rate of 2% in advance based on guarantee risk for ever year in the consecutive years.
In case the credit extended to beneficiary is one of the credits, either Bank Overdraft/Revolving, Direct Debiting System or corporate finance support to be provided with current account of the Participation Banks, the guarantee commission shall be collected at rate of 2% in advance based on the guarantee limit of the KGF for each year.

Application Conditions

The beneficiary is required to be a real or legal entity enterprise with qualification of SME.
Applications are conducted by means of banks through internet on the address of kefalet.kgf.com.tr

Product Description

In order to cover excessive guarantee demands of banks and thus to ensure continuity of the support provided for SMEs, “KGF Destek Kredisi” program has been engineered with a volume of TRY 1,25 billion loans as a seperate Project.

Targeted Loan Amount : TRY 1,25 Billion

Targeted Guarantee Amount : TRY 1 Billion

Application period : till 31.12.2019

Cap rate : % 10

Resource For Guarantee

KGF A.Ş. Own Equity

Related Financial Institutions / Corporations

Akbank T.A.Ş, T.Garanti Bankası A.Ş., Türkiye İş Bankası A.Ş., Türk Ekonomi Bankası A.Ş.,  Vakıf Katılım Bankası A.Ş., T. Halk Bankası A.Ş.,  QNB Finansbank A.Ş., Türkiye Vakıflar Bankası T.A.O., Denizbank A.Ş., Şekerbank T.A.Ş., T.C. Ziraat Bankası A.Ş., Yapı ve Kredi Bankası A.Ş., Ziraat Katılım Bankası A.Ş.

Product Maturity

Min. 36, max. 60 months, including an optional 12 months of grace period.

Guarantee Limit

Maximum loan limit is TRY 500.000 and applications will be processed under PGS.

Each SME in the risk group will be able to benefit from the loan limit of TRY 500.000 on condition that not exceeding the upper limit of TRY 3 million equity guarantee.

SMEs which even have an outstanding risk balance of KGF equity backed guarantees are eligible to apply for loans up to TRY 500.000. Only the outstanding amount of the guarantees under PGS guarantee will be deducted from the beneficiary limits.

Maximum Guarantee Rate

% 80

Fee and Commission

Guarantee commission rate is 1.5%. (annually)

Application Conditions

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.

Under this program, SMEs operating in the sectors listed in the annex of this sub-protocol are not elligible to benefit from this program.

Applications are conducted by program partner banks.