Product Description

This package is aimed at financing the operating expenses of enterprises based in Kahramanmaraş, Gaziantep, Şanlıurfa, Diyarbakır, Adana, Adıyaman, Malatya, Osmaniye, Hatay, Elazığ, and Kilis, as well as Gürün, Sivas, to mitigate the effects of the earthquakes that occurred on February 6, 2023.

Resource for Guarantee

Treasury Fund

Related Financial Institutions / Corporations

Denizbank, Emlak Katılım Bankası, Garanti Bankası, Halkbank, İş Bankası, Kuveyt Türk Katılım Bankası, QNB Finansbank, Kalkınma Yatırım Bankası, Vakıfbank, Vakıf Katılım Bankası, Yapı Kredi Bankası, Ziraat Bankası, Ziraat Katılım

Product Maturity

Maximum 48 months maturity (including the grace period)-Maximum 12 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

Fee and Commission Rates

• The KGF shall collect, in return for each guarantee it gives, a one-time commission corresponding to 0.1% of the respective guarantee amount from the beneficiaries through the lenders. In the event of debt restructuring, a commission amounting to 0.1% 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 0,25% of the loan amount from the beneficiaries.

Special Conditions

• A maximum of 35% of the working capital loan allocated to a beneficiary can be paid in cash to be used for operating expenses.
• The non-cash portion of the loan can be used for the payment of due checks.
• Beneficiaries may also use this loan for the payment of loan installments disbursed by the same or another creditor due before December 31, 2023.

Product Description

This package is aimed at financing the investment expenses of enterprises based either in Kahramanmaraş, Gaziantep, Şanlıurfa, Diyarbakır, Adana, Adıyaman, Malatya, Osmaniye, Hatay, Elazığ and Kilis, and in Gürün, Sivas, or that are planning to invest in the provinces, to mitigate the effects of the earthquakes that occurred on February 6, 2023.

Resource for Guarantee

Treasury Fund

Related Financial Institutions / Corporations

Denizbank, Emlak Katılım Bankası, Garanti Bankası, Halkbank, Kuveyt Türk Katılım Bankası, QNB Finansbank, Kalkınma Yatırım Bankası, Vakıfbank, Vakıf Katılım Bankası, Ziraat Bankası, Ziraat Katılım

Product Maturity

Investment Loan -Maximum 120 months maturity (including the grace period)-Maximum 24 months grace period

Working Capital Loan - -Maximum 48 months maturity (including the grace period)-Maximum 12 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. In any case, the sum of the investment loans used and the operating loans cannot exceed 70% of the investment amount.

Fee and Commission Rates

• The KGF shall collect, in return for each guarantee it gives, a one-time commission corresponding to 0.1% of the respective guarantee amount from the beneficiaries through the lenders. In the event of debt restructuring, a commission amounting to 0.1% 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 0,25% of the loan amount from the beneficiaries.

Special Conditions

• The non-cash portion of the loan can be used for the payment of due checks.
• A maximum of 35% of the working capital loan allocated to a beneficiary can be paid in cash to be used for operating expenses.
• The amount of an investment loan cannot exceed 70% of the total investment planned or committed to by the enterprise. If the beneficiary has an Investment Incentive Certificate (IIC), the amount of the investment loan cannot exceed 70% of the total investment indicated on the IIC. 
• Beneficiaries may also use this loan for the payment of loan installments disbursed by the same or another creditor due before December 31, 2023.

Product Description

This package is aimed at financing the needs of SMEs and non-SMEs for the payment of severance pay to employees due to retirement within the framework of Law No. 7438 of March 03, 2023.

Resource for Guarantee

Treasury Fund

Related Financial Institutions / Corporations

Denizbank, Garanti, Halkbank, Türkiye İş Bankası, Vakıfbank, Vakıf Katılım Bankası, Ziraat Bankası, Ziraat Katılım Bankası

Product Maturity

Maximum 36 months maturity (including the grace period)-Maximum 6 months grace period

Guarantee Cap Rate and Guarantee Rates

1.Working Capital Loan / Usury

1. Cash Loans
2. Installment Loan
3. Other approaches suitable for Participation Banking

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

• Loans to be used under this package will only be made available for the severance pay of employees who will retire pursuant to Law No. 7438. Loans allocated under this package cannot be used for any other purposes.
• he severance pay for those who will retire pursuant to Law No. 7438 will be deposited directly into the bank account of the respective employee.