Loans Utilized Through Current Accounts

Money is lent subject to the Current Account conditions and terms set forth in the Turkish Commercial Code. Such loans must be fully collateralized and may be repaid before the maturity date.

Such loans are made available under revolving credit basis and relevant interest is collected every three months (term ends), so that it provides convenience and flexibility for your budget.

Such credit can be repaid partially or completely by negotiating the guarantee or depositing cash, so that the customer will have to pay only minimum financing costs.

It can be used as a cash facility by the customer.

Spot Loan

The maturity and interest rates of spot loans determined at the withdrawal date and remaining fixed until the maturity date, so that:

it allows the customer to budget his or her payments easier, because its maturity and interest rate are already known;

it charges a lower interest, so that the finance cost remains minimum.

Rediscount Loan

If the customer has a wide portfolio of promissory notes and is in need of cash funds for a short term, he or she can rediscount a promissory note before it is due.

A rediscounted promissory note is collected by GarantiBank, so that the customer saves time.

Foreign Currency Indexed Loans

If you estimate that the increase of foreign exchange rates will remain below the interest payable for deposit accounts in YTL, this loan may be a reasonable financing mean for you.

Loan utilization does not entail an export contract, so it will not carry the risk of default or sanctions.

If the customer sells products or services in a foreign currency, he or she will not be affected by fluctuation of foreign exchange rates.

Gold Loans

If the customer is a company processing gold, earning processing income and exporting gold items, it can borrow a gold loan in order to raise working capital, provided that GarantiBank physically delivers gold to the customer.

Loans Against Foreign Currency Cheques

If you receive cheques made out in a foreign currency for the consideration of products or services you sell and are in need of cash funds for a short term, you can have such post-dated cheques encashed.
Such cheques encashed before their validity date will be collected by GarantiBank, thus saving the time for the customer.

Foreign Currency Loans

If you earn income in foreign currency against products and services that you sell, you can barrow a foreign currency loan for a maximum term of one year from GarantiBank.

Eximbank Loans

If you are a company exporting or manufacturing industrial, agricultural or mining products, you can barrow an Eximbank credit from Turk Eximbank through GarantiBank.

Combination Account

This account allows the customer to withdraw funds up to a predetermined limit even if the account balance is zero to meet his or her short-term cash needs.
Cheques may be written against this account, making it possible for the customer to make all kinds of payments from the same account.

If the account is overdrawn and you deposit money, the risk will reduce in proportion with the deposited amount; if the account is positive, the balance will rise accordingly.

Interest will be charged only when the account is overdrawn.

Export Factoring

You can purchase:

- Irrevocable factoring,
- Revocable factoring,
- Collection-guaranteed factoring,
- Collection factoring
- Service by assigning your goods-against-goods exportation receivables to GarantiBank.

Such factoring service will provide you with:

- Financing facility / cash management / cash inflow / liquidity improvements / an opportunity to expand your business,
- Collection / payment guarantee (depending on the service to be purchased, except for reclamation),
- Time saving,
- Hedging against foreign currency risks,
- Improvement of your financial statements.

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