CREDIT PROGRAM FOR FINANCIAL LEASING COMPANIES
Project Status : Active
Updated Date : 28.04.2021
CREDIT PROGRAM FOR FINANCIAL LEASING COMPANIES
DETAILS
It is aimed to finance the investments of our exporters and companies operating in foreign currency earning services through financial leasing.
What is a Credit for Financial Leasing Companies?
Credit for Financial Leasing Companies (FKŞYK) is a credit program made available through Financial Leasing Companies for the purpose of financing the investments of exporters, manufacturers-exporters, manufacturers that produce final goods on the condition of export and export these goods through exporters, companies that carry out foreign currency earning services and activities, residing in the free zones established in Turkey and selling goods and services to third countries (Except Turkey and other free zones in Turkey),through financial leasing, in return for the commitment to export / sell goods of Turkish origin other than those prohibited in accordance with the relevant legislation and to export foreign currency earning services.
Whom is it suitable for?
- Exporters,
- Manufacturers-Exporters,
- Manufacturers that produce final goods on the condition of export and export these goods through exporters,
- Residing in the free zones established in Turkey and selling goods and services to third countries (Except Turkey and other free zones in Turkey),
- Companies that carry out foreign currency earning services and activities
Regarding the implementation of tax, duty and fee exemptions for loans granted within the scope of the Loan Program for Financial Leasing Companies, action is taken in accordance with the provisions of the relevant legislation.
What is the purpose of the product?
It is aimed to finance the investments of Exporters residing in Turkey, manufacturers-exporters, manufacturers who produce final goods on the basis of export and export these goods through exporters, companies that carry out foreign exchange earning services and activities, and companies residing in free zones in Turkey and selling goods and services to third countries (Except Turkey and other free zones in Turkey) which thet will make through financial leasing.
What is the program limit?
The total principal balances of credits granted to a company within the scope of the program cannot exceed 2.5 million USD. The amount of credits extended to finance foreign currency earning services within the scope of the Tax Duties and Fee Exemption Certificate (VRHIB) cannot exceed the amount of VRHIB.
What is the transaction lower limit?
Within the scope of our FKŞYK program, there is no lower limit on transaction basis.
How long is its term?
Term options are posted on our website with interest / dividend rates.
What is the cost?
Interest rates to be applied to loans are determined by Türk Eximbank and announced to Financial Leasing Companies. In determining the interest rates to be applied to loans, the interest rates valid on the date of loan are taken as basis. Financial Leasing Companies can add the commission rates determined by Türk Eximbank on the said interest rates. The Financial Leasing Company commission is a maximum of 1.50 points per year.
Foreign Currency Credits
The credit is used in US Dollars, EURO, British Pound and Japanese Yen.
