Product Description

KGF provides guarantee to loans with repayments of both flexible and equal installments for travel agencies.

Resource for Guarantee

Treasury Undersecretary Funds

Related Financial Institutions / Corporations

KGF shareholder banks

Product Maturity

For working capital loan minumum maturity is 6 months, maximum maturity is 5 years, grace period is 1 year.

For investment capital loan minumum maturity is 6 months, 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 / group TRY 120 million

Maximum KGF Guarantee Rate

85 %

Fees and Commissions

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 should have ‘Travel Agency Operating Permit’ obtained from The Ministry of Culture and Tourism

• The beneficiary operates for at least 1 year as of the application date,

• The beneficiary should be a member of Association of Turkish Travel Agencies.

• The beneficiary who had been approved by The Ministry of Culture and Tourism should brought more than 400.000 tourists in total from one or more of the following countries to Turkey during the preceding year of application date.
  Azarbaijan, Belarus, Kazakhistan, Kirghizstan, Uzbekistan, Russian Federation, Turkmenistan, Ukraine, Germany, Austria, Belgium, Denmark, Finland, France, Holland, England, Ireland, Sweden, Switzerland, Italy, Czech Republic, Poland, Hungary, Norway, Bulgary and Romania.