Product Description
For the credit application found appropriate by Turkish Eximbank, KGF guarantee is provided at rate of 100% of total of capital, interest and commitment risks (credit risk), and the guarantee amount to be set by KGF is considered and set forth by Turkish Eximbank.

Product Maturity
The bank may request a letter of guarantee for a period of 1 year starting from the date of loan guarantee approval for the beneficiaries who are eligible.
 
KGF is entitled to shorten the validity period by explicity specifying  such a period.

Resource for Guarantee
Treasury Undersecretary Funds

Related Financial Institutions / Corporations
Turk Eximbank

Guarantee Limit
The guarantee/surety limit to be provided on favor of each beneficiary by KGF is TRY 7,5 million
The guarantee/surety limit to be provided on favor of each Large Scaled Enterprise is TRY 20 million.

Maximum Guarantee Rate
100%

Fees and Commission
The guarantee commission is collected based on the guarantee amount of KGF once in advance at a rate of 0,03 % .
 
KGF will charge any expenses for transaction costs to be paid to third parties for the operations (appraisal, insurance etc.) and the guarantee commission which is collected based on the guarantee amount of KGF at a rate of 0,3 % from Eximbank. Eximbank can charge the relevant costs and fees from the beneficiaries.
 
In sureties granted with foreign currency, the surety commission is collected in Turkish Lira with the buying rate of exchange of Central Bank of Republic of Turkey on the date when the credit is extended.

Application Conditions
The beneficiary is required to be a real or legal entity enterprise (SME/large scaled enterprises) with qualification of exporting or having foreign currency earning activities