MANUFACTURING BASED IMPORT SUBSTITUTION SUPPORT PACKAGE

Product Description

 

The aim is to guarantee loans to be used to finance investment expenditures of enterprises within the scope of the Technology Oriented Industrial Breakthrough Program and those that have a regional, priority, strategic or project-based investment incentive certificate for manufacturing industry investments (US-97 Code: 15-37) excluding the province of Istanbul.

 

Source for Guarantee

 

Treasury Fund

 

Related Financial Institutions / Corporations

 

Ziraat Bankası, Halk Bankası, Vakıfbank, Türkiye İş Bankası, Garanti Bankası, Yapı ve Kredi Bankası, Denizbank, Türk Ekonomi Bankası, Kuveyt Türk Katılım Bankası, Türkiye Finans Katılım Bankası, Ziraat Katılım Bankası, Vakıf Katılım Bankası, Türkiye Kalkınma ve Yatırım Bankası

 

Product Maturity

 

Minimum 6 months, maximum 120 months, including maximum 24 months grace period

 

Guarantee Cap Rate and Guarantee Rates

 

Loan Products Available

 

Investment loans (including Financial Leasing Transactions)

 

Loan Interest Rates for Beneficiaries

 

Loans to be disbursed within the scope of the Manufacturing Based Import Substitution Support Package are expected to be traded provided that the following interest rates do not exceed. (Interest rates are evaluated on their own terms in configuration transactions.) The disbursement of loans at a fixed or variable interest rate will be determined according to bank preference for each transaction.

 

  • Considerations for Fixed Interest Rate

  1. For the loans to be used with the 0 to 5 years of maturity range (including 5 years): TLREF+1.50
  2. For the loans to be used with the 5 to 10 years of maturity range: TLREF+2,50

  • Considerations for Variable Interest Rate TLREF

Variable Interest Rate: TLREF + 1.00

 

Fee and Commission

  

  • In exchange for the guarantees used, KGF collects, through lenders, 0.5% of the guarantee amount as a one-time upfront commission for each guarantee disbursement. In the case of configuration, 0.5% of the amount of the guarantee balance will be collected from beneficiaries as upfront commission through lenders.
  • In exchange for the loan, the lender may collect from beneficiaries a maximum of 0.5% of the loan amount as upfront commission for each loan disbursement.

 

Special Conditions

 

  • To benefit from this guarantee, enterprises must be within the scope of the Technology Oriented Industrial Action Program or have a regional, priority, strategic or project-based investment incentive certificate for manufacturing industry investments (US-97 Code: 15-37) excluding the province of Istanbul.
  • One-off expenditures related to investments over 100,000 TL will be documented by contract or invoice.