Operating as a bank overdraft facility, such loans enable you to withdraw any amount of money anytime to satisfy your short-term cash needs within the specified maturity and limit. Partial or entire settlement of the loan anytime reduces the interest burden. Interest is accrued on a quarterly basis for the loans, the value date and interest rate of which are not fixed during the loan utilization period.
This is a loan you can get for your immediate financing needs with the specified value date, loan principal and interest rate paid off upon maturity. The amount, applicable interest rate and maturity of spot loans do not change throughout the loan duration. You can avoid the impact of market fluctuations with the fixed interest rate.
Even if your account balance is zero, with an Overdraft Facility you can still use your account within the specified limits. You can also perform all banking transactions (utility bill payments, money transfers, EFTs, etc.) and fulfill cash needs by using this type of loan. The statement of account delivered at the end of each month allows you to keep track of your account’s activity regarding usage and debt interest amount.
This is a loan that can be converted to cash by selling commercial papers (arising from commercial transactions like cheques and bills that are not yet due, by means of endorsement and delivery) to the bank before maturity. After the interest, commission, RUSF and BITT on the cheque/bill amount are deducted, the remaining amount is paid off as a loan. Such types of loans provide your company with short-term financing and cash management.
These are loans extended in foreign currency from abroad and used in Turkish Lira or in foreign exchange indexed through banks. As there is no term limitation, you can pay back your loan with equal installments or flexible payments. You may also be exempt from the RUSF provided that the loan term exceeds approximately 1 year.
Foreign Currency Loans
It is a type of loan to finance export, sales, export-related operations, as well as foreign currency generating activities, provided that the export contract is fulfilled. If this is the case, you can be exempt from taxes, dues, charges and funds (RUSF). It is possible to use this loan as spot or revolving.
Foreign Currency Indexed Loans
Unlike foreign currency loans, Foreign Exchange Indexed Loans are in Turkish Lira with interest rates indexed to a foreign currency free of any export obligation. Thus, the risk is monitored in foreign currency. Companies which are unable to use foreign currency loans but have an income in foreign currency can finance their activities with this loan.
A loan you can use immediately and pay back within the determined maturity with equal monthly installments or a flexible payment plan you determine as per your cash flow. You can use installment loans for your cash needs, car financing or workplace purchases.
Cash and non-cash loans extended by our Project Finance Department in accordance with the projections for all your investment needs. The investment loans are created in line with the business plan, relevant sector analysis and cash flow projections prepared by the department.
A loan financing the pre-shipment or post-shipment needs of companies carrying out export and export-related activities, as well as foreign currency generating ones. With this type of loan, you can be exempt from taxes, dues and charges upon the export contract.