Support Loan for SMEs from Vakıf Katılım

Vakıf Katılım has implemented the SME Support Loan in order to support the country's economy and SMEs. Vakıf Katılım stated that the SME Support Loan is a loan product that will be provided to SMEs that are members of chambers and commodity exchanges at low costs with the Treasury-backed KGF (Kredi Garanti Fonu) guarantee within the framework of the agreement with the TOBB (Union of Chambers and Commodity Exchanges of Turkey). 

What are the features of the SME Support Loan?

• Loan support will be provided up to TRY 50 thousand for companies with a working turnover range between TRY 0 - 1 million, and up to TRY 200 thousand for companies with a working turnover range between TRY 1 - 10 million.
• There will be a 6-month grace period without principal and dividend payments, followed by a 12-month payment plan with equal and sequential installments.
• The profit rate is 17.50% per annum, and the commission rate is 1.00% of the loan amount. Apart from these, a 0.50% of KGF guarantee commission will be received.
• SMEs that are members of chambers and commodity exchanges will be able to benefit from the SME Support Loan.
• The loan will be provided to enterprises that have lost 25% of their turnover in 2020 compared to 2019. For enterprises affiliated with a group, a loss of 25% or more in the total turnover of the group is a sufficient condition for the provision of the loan. No turnover loss condition will be sought for companies established in 2019 and later.
• Vakıf Katılım customers who want to benefit from the loan should apply with an activity certificate obtained from the chamber or commodity exchange they are affiliated with.