Short Term Cash Credits

Short Term Cash Credits are designed so as to meet short term financial needs.

Although it has a certain due date, it can be repaid partially or completely at any time.

It can be in Turkish Lira or in any foreign currency and the interest rate of these credits whose interest payments are collected at the end of the year, can be a floating rate according to the changes in the market conditions.

Commercial Credit Deposit Account / Check Account

In case your account balance is not sufficient for the desired payment, this credit application allow you to do the payment (including cash withdrawals) via debiting (-) the amount in your account within a certain limit defined to your current deposit account or check account.

In this credit application, the interest is calculated on a daily basis for the period that your account is in debit (-); yet the accrual is conducted once in the end of the year.

Advantages

• Short Term Financing
  • Your firm’s daily; short term; small amount of cash needs are met.
• Interest Accrual Once in a Year
  • With the credit interest that is calculated at the end of the year over the diminishing balance, your every payment not only diminished your interest debt but also saves you from the additional interest payments over the accrued interest amount.
• Easy Usage
  • It is automatically activated when your firm’s current deposit or check account’s balance is insufficient. By this means, your firm’s payments such as check and bill payments are performed duly.
• Easy Repayment
  • As a result of the money deposited by your firm to the current deposit account or check account, the credit risk is eliminated.

Discount Loans

Discount Loans is a credit application that enables liquidation of commercial papers that arise from commercial transactions and that are not matured. Credit is supplied by the payment of the remaining balance after the deduction of the interest, commission and BITT calculated over bill amount for the period beginning from the date of issuance of the bill to the bank until maturity. With the help of this credit type, cash credit opportuniy is provided to the firms with a wide portfolio of bills in order to meet their short term cash requirements in exchange for the discount of undue bills.