Other loans

FX-indexed loans

Denominated in a foreign currency but disbursed and serviced in terms of TL, FX-indexed loans offer a way to take advantage of  protect yourself against relative movements in interest and exchange rates. These loans do not have to be bound to an export contract. Principal and interest (including currency translation gains) are payable at maturity along with associated taxes and excises.

Features

• Because FX-indexed loans do not have to be bound to an export contract as FX loans do, they free the borrower from the risks involved in failure to fulfill the contract.

FX cheque redemption loans

FX cheque redemption loans are cash loans that are made against cheques denominated in a foreign currency.

Features

• These loans can also be made against forward-dated FX Cheques, allowing their value to be used early and thus improving your liquidity.
• The bank assumes responsibility for collection and its associated risks.

Gold-backed loans

Gold-backed loans are primarily intended to provide financing for companies that process, work, manufacture, and/or export gold and gold products. These loans are exempt from the Resource Utilization Support Fund excise.