TOBB Breath Loan 2018.

TOBB Breath Loan 2018

The TOBB Breath Loan Project, which has been attracting SMEs last year with low interest rates, is coming back with a maturity extended to 18 months this year.

Signed for the new Breath Loan to be realized with the contributions of Chambers and Commodity Exchanges under the leadership of TOBB, Prime Minister Binali Yıldırım, Customs and Trade Minister Bülent Tüfenkci and TOBB President M. Rifat Hisarcıklıoğlu were taken to İzmir on Saturday, 31 March.

Breath loan interest rates 0.99 percent monthly, 11.88 percent yearly as determined.

The maturity of the loan will be 18 months without repayment for the first 6 months and equal installments in the following 12 months.

Approximately 70 thousand Chamber-Exchange members are expected to benefit from the Breath Loan in two to three months will be available from 6 banks.

The banks that will provide Breath Loans were announced as Ziraat Bank, Denizbank, Halkbank, Vakıfbank, Ziraat Participation and Vakıf Participation.

Our members will start using Breath Credit as of 2 April 2018 Monday.

SMEs will take ‘Breath’

· TOBB, Chambers and Commodity Exchanges put their hands under the stone during the recession and high interest rates last year, and in December 2016 started a new era in SME loans with the Breath Loan and the new KGF system.

· In this process, a total of 681 thousand companies were provided with TL 234 billion of credit through the KGF, which supported treasury support, and a loan volume of TL 5 billion was created with the Breath Loan. 30 thousand companies in one year benefited from TOBB Breath Loan.

· In 2018, the Breath Loan is in the service of TOBB members with an extended term of 18 months. In addition, the number of banks to be extended this year was increased to 6.

· Breathing Credit Turkey around the Agricultural Bank, Denizbank, Halkbank, Vakıfbank, which can be used from Ziraat Participation and Participation Foundation branch.

Breath Loan: Annual interest rate below 12 percent, 6 months grace period, 18 months term credit!

· Turkey Chambers and Commodity Exchanges (TOBB), Chambers and Commodity Exchanges of deposits by paying 6 bank, a member of the SMEs monthly 0.99% annually 11,88% interest rate and a 6 month grace period of 18 months is the possibility of using credit to maturity.

· TOBB makes its resources available to the members of Chambers and Commodity Exchanges. As for years, KGF supports SMEs who cannot use loans due to insufficient collateral. KGF provides treasury-backed bail to 85% of the loan amount.

· As Breath Credit will be used with the guarantee provided by KGF, the risk premiums of the banks are also reset. KGF will terminate the applications made with the Portfolio Guarantee System on the same day. Thus, businesses will have used their loans within days.

Innovation in Finance

· Last year, Prime Minister Recep Tayyip Erdogan's Late "Finansman in Innovation" with Turkey Union of Chambers and Commodity Exchanges of Loan breath she described as Chambers and Commodity Exchanges will transfer $ 500 million of deposits of 6 banks, banks in this amount 15 times ie 7.5 billion TL.

· 70 thousand SMEs are expected to use es Breath Loan ede in 2-3 months.

· SMEs will be able to use a maximum of TL 200 thousand according to the provinces in which they operate.

Less bureaucracy, simple credit processes

· TOBB member companies will go to the Chamber-Exchange of which they are members and request an activity certificate for "TOBB Breath Loan Application".

· Received 6 banks with branches in general operating certificate to breathe TOBB Turkey will increasingly apply for credit.

· Banks will receive SME's application for TOBB Breath Loan and evaluate the eligibility of the loan with KGF

· The evaluation process is positive; banks will provide SMEs with a TOBB Breath Loan.

Cost up to 51 TL

· The cost of banks for TOBB Breath Loan will be limited to 0.03% (three-thousandths) of the guarantee rate.

· Therefore, banks will not charge over 51 TL. Members will benefit from low interest and extended new maturities, as well as lower costs.