Product Description
This package is aimed at providing financing to SMEs and non-SMEs that have an Investment Incentive Certificate (IIC) to cover investment and investment-related operating expenses.
Fund Used for Guarantee
Treasury Fund
Relevant Financial Institutions / Institution
Akbank, Denizbank, Garanti Bankası, Halkbank, İş Bankası, Türk Ekonomi Bankası, Türkiye Sınai Kalkınma Bankası, QNB Finansbank, Vakıfbank, Yapı Kredi Bankası, Ziraat Bankası
Term of Product
For Investment Loans
- A grace period for principal amount for a maximum of 12 months
- A maximum of 120 months maturity (including the grace period for principal amount)
For Business Loans
- 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)
Guarantee Limits and Rates
Loan Products Available (*)
1.Business Credit Cards
- New Credit Card allocation
- 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:
- Overdraft Account (even if the beneficiary already has an account, a new overdraft account specific to this program must be opened)
- Installment Loan, Spot Loan, Usury, etc.
3.Working Capital Loan / Usury
- Installment Loan
- Spot Loan
- Revolving Loan
- Cashless Overdraft Account products
- Other approaches suitable for Participation Banking
4.Investment Credit
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
- The amount of an investment loan cannot exceed 70% of the investment amount specified in the IIC. Accordingly, all information on the Investment Incentive Certificate and the respective investment should be entered completely and accurately on the guarantee application.
- Beneficiaries can use working capital loans aside from investment loans, provided that the working capital loan does not exceed 10% of the investment loan and is disbursed by the same creditor.
- No invoice is required to be submitted for loans to be disbursed either through card payment systems or in cash.
- Credit cards will be restricted for cash advances.
- Guarantees for investments in land and buildings can only be given if the investment includes machinery, aside from in the tourism sector.
- Banking standard practices will apply for Credit Cards or revolving loans under Debit Cards, and limits can be reused after beneficiaries make any payments.
- When calculating the investment loan amount that can be provided under this package, only the project amount planned/committed by the enterprise under its Investment Incentive Certificate (YTB) shall be taken into account. The amount of an investment loan cannot exceed 70% of the investment amount specified in the IIC.
- It is the Lenders’ responsibility to credit the same investment by more than one Lender, provided that the total amount of the loan does not exceed 70% of the investment amount specified in the IIC.