Product Description

The aim is to guarantee the loans to be disbursed to meet the operating capital needs of SMEs and non-SMEs.

Source for Guarantee

Treasury Fund

Related Financial Institutions / Corporations

Akbank, Albaraka Türk Katılım Bankası, Denizbank, Garanti BBVA, Halk Bankası, ING Bank, İş Bankası, Kuveyt Türk Katılım Bankası, QNB Finansbank, Şekerbank, Türk Ekonomi Bankası, Emlak Katılım Bankası, Türkiye Finans Katılım Bankası, Türkiye İhracat Kredi Bankası, Vakıfbank, Vakıf Katılım Bankası, Yapı ve Kredi Bankası, Ziraat Bankası, Ziraat Katılım Bankası 

Product Maturity

Maximum 6 months grace period

Maximum 30 months maturity (including the grace and disbursement period)

Guarantee Cap Rate and Guarantee Rates

Loan Products Available

Commercial Credit Cards

• New Credit Card allocation

• Working capital loans (such as Installment Loan, Spot Loan, Murabaha, etc.) to be disbursed to create a plus balance by paying for the new credit card or existing credit cards (including subsequent months) that do not have a risk balance.

Linked to Debit/Debit Card;

• Credit Deposit Account (even if the beneficiary currently has an account, a new credit deposit account must be opened exclusively for this program) Installment Loan, Spot Loan, Murabaha, etc.

Fee and Commission

• In exchange for the guarantees used, KGF collects, through lenders, 0.35% of the guarantee amount as a one-time upfront commission for each guarantee disbursement. In the case of configuration, 0.35% 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 1% of the loan amount as a one-time upfront commission for each loan disbursement. If the loan's maturity is less than one year, the maximum rate is applied proportionally to the quarterly maturities.

Special Conditions

• One-off expenditures over 20,000 TL will be documented by contract or invoice.

• A maximum of 10% of the guarantee amount for the working capital loan allocated to the beneficiary will be given in cash for use in business expenses.

• For those companies with export potential to be determined by KOSGEB to benefit from the guarantee, a commitment must be made to export within the specified period as per the "Communiqué on Taxes, Duties and Charges Exceptions for Export, Transit Trade, Sales and Deliveries considered as Exports and Foreign Exchange Earning Services and Activities".

• KOSGEB will identify the SMEs with export potential, and only the data to be shared by KOSGEB will be taken as the basis to identify these companies.

• Application Deadline:31.12.2023