Fulfillment of the export undertakings ensures exemption from taxes, duties and fees, facilitating export financing.
Spot Foreign Currency Loans
These foreign currency loans finance short-term cash needs of export companies and companies that earn foreign currency input.
The rate of interest and maturity are determined with reference to market conditions on the date of the disbursement of the loan and do not change.
Spot loans cannot be repaid before maturity and the borrowing company has to export as much as the amount of the loan principal and interest.
Fulfillment of the export undertakings ensures exemption from taxes, duties and fees.
Spot Foreign Currency Loans with the Option of Early Closing
In these loans, the loan can be repaid in part or in full before maturity by the request of the customer.
The rate of interest and maturity are determined by market conditions on the date of the disbursement of the loan and do not change.
Fulfillment of the export undertakings ensures exemption from taxes, duties and fees.
Revolving Foreign Currency Loans
These loans are utilized to meet short-term cash needs of companies, they do not entail a specific maturity and interest is collected periodically.
The quarterly repayment of interest is an advantage for financial planning and brings flexibility.
Fulfillment of the export undertakings ensures exemption from taxes, duties and fees.
Foreign Currency Checks and Repurchase Loans
Foreign currency checks are written for foreign banks, in a foreign language, drawn in convertible foreign currencies and can be converted to Turkish liras, the foreign currency marked on them or another foreign currency. They are classified as travel checks, euro checks, personal checks, bank checks and treasury checks.
Loans in Equal Installments (TL, Foreign Currency)
These loans are lent for once in TL or foreign currency. Repayments are made at maturities in “equal” installments including the capital, interest and other deductions. Installments are paid monthly or quarterly.
Advantages are:
Easy repayment by installments that do not change until the end of the maturity, fixed interest rate during maturity and, convenience in cash flow planning.