Product Description

This package is aimed at providing SMEs that operate in the manufacturing sector with financial support for the completion of digital transformation processes [big data, artificial intelligence (AI), industrial internet of things (IIoT), cloud computing, platform services, etc.].

Resource for Guarantee

Treasury Fund

Related Financial Institutions / Corporations

Emlak Katılım Bankası,Garanti Bankası, Halkbank, İş Bankası, Kuveyt Türk Katılım Bankası,  Vakıfbank ,Vakıf Katılım Bankası,Yapı Kredi Bankası, Ziraat Bankası,Ziraat Katılım Bankası

 Product Maturity

Investment Loan -Maximum 48 months maturity -Maximum 12 months grace period

Working Capital Loan - -Maximum 30 months maturity ,Maximum 6 months grace period

Guarantee Cap Rate and Guarantee Rates

Loan Products Available

1. Business Credit Cards
   1. New Credit Card allocation
   2. 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;
   1. Overdraft Account (even if the beneficiary already has an account, a new overdraft account specific to this program must be opened)
   2. Installment Loan, Spot Loan, Usury, etc
3. Working Capital Loan / Usury (*)
   1. Installment Loan
   2. Spot Loan
   3. Revolving Loan
   4. Cashless Overdraft Account products
   5. Other approaches suitable for Participation Banking
4. Investment Loan (**)
   1. Installment Loan
   2. Other approaches suitable for Participation Banking including Finance Lease

**This support package allows debtors who use investment loans under this package to access additional working capital loans not exceeding 10% of the respective investment loan, provided that the working capital loan is disbursed by the same creditor.

Fee and Commission Rates

• The KGF 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.
• In retun for each loan disbursed, creditors may collect a commission amounting to a maximum of 1% of the loan amount from the beneficiaries.

Special Conditions

• Beneficiaries are required to commit to not reducing the number of employees for a period of two years from the date of loan disbursement.
• Credit cards will be restricted for cash advances.
• The amount of an investment loan cannot exceed 70% of the total amount of the investment to be made by the beneficiary. Accordingly, all investment-related information, including additional information required for investments to be made under an Investment Incentive Certificate, should be entered completely and accurately on the guarantee application. Creditors must also upload the feasibility report/invoice or commitment regarding the investment to KOBİT.
• Beneficiaries may receive, for use as operating expenses, a cash amount of not more than 10% of the working capital loan allocated to them.