Other Loans

FX Loans

FX Loans are made available to firms that make export sales and deliveries or sales and deliveries that are considered exports or engage in foreign currency earning activities. Fulfillment of the export contract is a conditional requirement of these loans.

Features

• These loans provide the utmost convenience in export financing.
• If the export contract is fulfilled, these loans are exempt from all taxes, duties, and charges.

Working Capital Loans

These are one-off loans that are obtained from abroad in terms of a foreign currency by residents of Turkey through a bank and are disbursed in Turkish lira.

Features

• These loans are intended for investment financing and come with no term limitations.
• They are subject to the Resource Utilization Support Fund excise if their maturity is less than a year.

FX-indexed Loans

Denominated in a foreign currency but disbursed and serviced in terms of Turkish liras, FX-indexed loans offer a way to take advantage of or 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 Check Redemption Loans

FX check redemption loans are cash loans that are made against checks denominated in a foreign currency.

Features

• These loans can also be made against forward-dated FX checks, allowing their value to be used early and thus improving your liquidity.
• Saving the time for the customers and enable liquidity .

Gold-backed Loans

Gold-backed loans are 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.