These are loans disbursed at once in TL or FX and repaid at maturity in "equal installments" composed of principal, interest and other deductions. Repayment installment frequency is monthly or quarterly.
Loans provide
- Easy repayment through installments,
- Ease of repayment habit since installment amounts remain the same until end of the repayment,
- Fixed interest rate during maturity, and
- Ease of planning cash flows.
Spot TL Loans
These are loans granted to meet short and medium term financing needs of companies considering developments in market conditions.
- Principal and interest amounts are repaid at maturity in single sum.
- Interest rate and maturity are set according to the market conditions prevailing at the time of granting and they remain fixed for the whole life of the loan. This helps companies protect against maturity and interest rate risk and regulate cash flow.
- Spot TL loans with early repayment option: This is the type of spot loan than can be wholly or partially closed before maturity. At the date of whole or partial closing are collected outstanding principal, interest and other charges.
Revolving TL Loans
Having no fixed maturity, these loans are aimed at meeting short term operating capital needs, with interest payable at the end of each quarter.
- Interest rates are determined according to developments in money markets.
- This type of loan is the ideal one for companies that are in need of short term financing or purchasing goods with advance payment.
- Liquidation of collaterals in addition to full or partial repayment possibility enables companies to minimize their interest burden.
Discount Loans
Discount Loan is a cash loan that enables the payment of the balance remaining from a commercial note amount which is not yet due, after the deduction of interests, commissions, Resource Utilization Support Fund and Banking and Insurance Transactions Tax corresponding to the period from the date of loan until maturity.
In other words, discount loan is the sale of the discounted note to the bank via endorsement (assignment endorsement) and delivery.
- These loans provide convenience and flexibility for the satisfaction of short term cash needs of companies that have a high volume of promissory notes and cheques portfolio and an intensive cash flow.
FX-Indexed Loans
FX-indexed loans are loans that can be used by companies without any FX commitment, with the interest rate applied on FX basis by taking into account the future appreciation of foreign currencies against TL, which have to be repaid at maturity with the collection of principal, interest (including exchange rate increases), Resource Utilization Support Fund and Banking and Insurance Transactions Tax.
- There is no export commitment related to FX-indexed loans.
- Fixed or revolving interest rates can be applied in FX-indexed loans depending on customer choice.
Cash Management Loans
These are very short term loans creating no cash outflow, to which zero interest can be defined.
- These loans can be used in return for blocked cheques and cleared cheques, or for institutional payments such as social security contributions, tax, utilities etc. payments.
Overdraft Account
Overdraft account is a type of account that can work with both positive and negative balance, in which the account is automatically credited within predefined limits when the account turns to negative.
- A chequebook can be used in association with an overdraft account.
- Regular& irregular payments such as electricity, water, telephone, mobile phone and cable TV utility payments, rent payments, school fee installments, cooperative payments, donations to foundations and associations etc. can automatically be collected from the account by means of prior written instruction.
- All kinds of transactions performed on an Overdraft Account are conveyed to customers by mail and/or fax with a monthly "Account Statement"