Last minute news about credit supports implemented by financial institutions due to the Corona virus continues to come. Afterwards, TOBB President Rifat Hisarcıklıoğlu announced that the Breath Loan project was put into operation as part of the support package for tradesmen.
Details related to Breath Loan, which are available to SMEs under certain conditions through Denizbank, were also shared by Hisarcıklıoğlu. Following this development, we started to find answers to the questions of how to apply for TOBB Breath Credits 2020 and what are the application requirements.
Turkey Union of Chambers and Commodity Exchanges (TOBB), carried out 6 times in the past year SME financing project "Breath of TOBB Credit" began again. Signatures for the new Breath Loan to be realized under the leadership of TOBB, with the contributions of Chambers and Commodity Exchanges, were signed by TOBB President M. Rifat Hisarcıklıoğlu and Denizbank General Manager Hakan Ateş.
365 will be completely free in the Breath Credits, which is created by bringing together all the resources of TOBB and 2020 room exchanges. Payments will be made in 7,5 with 2021% monthly installments, with an annual interest rate of 12%. The upper limit varies between 50 thousand and 100 thousand TL according to provinces in Kredi.
TOBB Breath Loan 2020 project is expected to reach a loan volume of TL 6,25 billion. DenizBank will intermediate the TOBB Breath Loan, and the Credit Guarantee Fund (KGF) will vouch for the loans with the support of the Treasury.
The project, in which President Recep Tayyip Erdogan previously used the term 'innovation in finance', previously created an important financial resource for SMEs that are members of TOBB.
Hisarcıklıoğlu: “We Have Seen This Job As Mobilization”
Speaking at the introductory meeting of TOBB Breath Credits 2020, TOBB President M. Rifat Hisarcıklıoğlu pointed to the importance of the state's measures for the economy in the face of an unprecedented epidemic. Hisarcıklıoğlu said: “While surviving this epidemic with the least number of casualties in the field of health, we must enter the period after COVID by keeping our companies alive. Because after the epidemic, the global economy will become new. The way they do business will change, competition will get even hotter. With this consciousness, we saw this as a mobilization and we have been working day and night since the first day of the epidemic. As TOBB and 365 Chambers and Commodity Exchanges in financing, which is the biggest problem of our businesses, we put our body under the stone, not our hand. We place all our resources at the disposal of our members. In order to meet the financing needs, we are re-commissioning TOBB Breath Loan as of today. Our small businesses with a turnover of less than 25 million TL will be able to apply to the Denizbank branch with the membership certificate they will receive from the Chambers and Commodity Exchanges they belong to. They don't have to go to the room-stock exchanges. By taking advantage of the blessings of the digital economy, they will also be able to obtain their documents as e-documents from TOBB or room-exchange systems. ”
Stating that they expect public banks to participate in the project after 2 weeks, Hisarcıklıoğlu said, “Thanks to these supports, we will provide our small businesses with over 2 billion liras in 6 months. The interest of TOBB Breath Credit will be 7,50 percent annually. One of our members will be able to use a maximum of 100 thousand pounds of credit. This amount may vary between 50 thousand and 100 thousand according to the provinces. The important part for us is that there will be no principal or interest payments in 2020. Our member who got the loan will forget the path of the bank for 2020. He will repay the loan in 2021 equal installments in 12. 80% of the loan will be covered by Treasury-backed KGF guarantee. I hope that with this project, we will relieve our small businesses leading employment and production. ”
Denizbank General Manager Hakan Ateş
DenizBank General Manager Hakan Ateş stated that they did not close the umbrella in rainy weather and were proud to be with SMEs once again in 2020 in the evaluation he made regarding the Breath Credits led by TOBB.
Ateş said: “Our SMEs voluntarily closed their shutters by making great sacrifices for our country in this sensitive period when the fight against coronavirus peaked. Many benches, shops, factories have not been operating for a long time. They did their part, and now those of us who earn their bread with the produce of this land; We must fulfill our responsibility. With taking the important initiative again, we are the bank that realizes the TOBB Breath Loan with an annual interest rate of 7,5 percent and an upper limit of 50.000 and 100.000 TL, with the support of TOBB and KGF. ”
Reminding that they participated in the Breath Loan Project for the first time in 2017, Hakan Ateş said, “When the first Breath Project, which we have provided low interest opportunity to SMEs, came to our attention, we took our place as the only private bank without hesitation. For this revolutionary job, we put our hands under the stone and extended a loan. In 2018, we came together to give SMEs a breath with the loan opportunity with a monthly interest rate of 0,99 percent. ”
TOBB DenizBank Breath Loan
6-8 Months No Payment, 12 Months Term, 7,5% Annual Credit Opportunity! TOBB Breath Loan was created within the scope of the Economic Stability Shield Program so that TOBB Member companies can continue their commercial lives and continue their current employment.
For detailed information, you can use the titles below, call 0212 355 10 55 DenizBank Breath Credit Support Line or visit the nearest DenizBank branch.
Features of Breath Credits
Denizbank Turkey Chambers and Stock Exchanges Union, depending on the room and private SMEs that are members of the stock exchange in 2020, 6 to 8 months principal and interest grace period, while in 2021 the monthly pay of 12 with equal installment and 7,5 percent annual interest rate will be offered BREATH Credit .
- The interest rate to be applied for the loans to be extended under the project will be 7,5% per annum.
- Loans to be granted within the scope of the program should pay no principal and interest payments (2020-6 months) in 8, and monthly installments in 2021. (12 months maturity).
- The loan will be repaid in Monthly Equal Installment starting at the end of the grace period.
- KGF Bail with Treasury Support can be obtained, and the bail rate is 80%.
How Will You Get Breath Credits?
- As of Monday, April 27; Businesses with a turnover of less than 25 million TL, which are members of TOBB affiliated chambers and exchanges, will be able to apply for loans over Denizbank by obtaining an operating certificate from the rooms and exchanges they are a member of. The activity document required for application can be obtained online from all TOBB affiliated rooms and exchanges.
Who Can Benefit from TOBB Breath Credits?
- TOBB Member, located in the Corporate, Commercial and SME segments of our bank; Members of the Chamber of Commerce, Chamber of Industry, Chamber of Shipping and Commodity Exchange.
When and Where Can I Apply for Breath Credits?
- Applications can be made from April 27, 2020.
- The application deadline is December 31, 2021.
- You can apply from the nearest DenizBank branch.
What are Breath Loan Application Documents?
- Beneficiary statement
- Trade Registry Gazette
- Photocopy of identity card
- Signature statement
- Tax Plate for the Last 2 Years
- Account Book of Last 3 Years or Balance Sheet and Income Statement
- Latest Corporate Tax Declaration and annexes for legal entities
- If any, Asset Breakdown (Land Registry Copies)
- Membership certificate, which is taken from the affiliated room and exchange and this credit name will be requested. (The expression "BREATHING CREDIT" will be clearly stated.)
- DenizBank reserves the right to request additional documents according to the application quality.
- Loans to be extended cannot be used in open credit status (unsecured). In addition to KGF bail, at least one third party bail condition will be sought. However, DenizBank reserves the right to request additional collateral for all loans.
What are the Breath Loan Features?
- The interest rate to be applied for the loans to be extended under the project will be 7,5% per annum.
- Loans to be granted under the program should pay no principal and interest payments (2020-6 months) in 8, and monthly installments in 2021. (12 months maturity).
- The loan will be repaid in Monthly Equal Installment starting at the end of the grace period.
Bail Rate
- KGF Bail with Treasury Support can be obtained, and the bail rate is 80%.
Fee and Commission
- Advance commission for one time only;
- 50 TL for a loan of 150 thousand TL,
- KGF commission rate of 100 TL for 300 thousand TL loan will be determined by KGF.
- Insurance, intelligence, etc. from companies that will use loans. No additional fees will be charged with names.
Sample Payment Table
| Loan Amount | Vade | Annual Interest Rate | Monthly Installment Amount | Loan Disbursement Fee |
| 50.000 TL | 8 months grace period 20 months | %7,5 | 4.579,87 TL | 150 TL |
| 100.000 TL | 8 months grace period 20 months | %7,5 | 9,159.74 TL | 300 TL |
Turkey Union of Chambers and Commodity Exchanges credit only depends Bed and who are members of the stock exchange and can be used by businesses with annual turnover below 25 million TL. The breath loan upper limit is 100.000 TL and this amount may be below 100.000 TL according to the Chamber and Exchange where the members are registered. Breath Loan Until 31/12/2020, principal and interest free reimbursement will be made with a maximum of 31 months with a 12-month equal installment following 2020/12/20 and an annual interest rate of 7,5% will be valid. BSMV is not included in the stated annual interest rate and loan disbursement fee. Every SME that meets the conditions can benefit from this loan at most once. DenizBank reserves the right to discontinue the loan, to ensure that the Credit Guarantee Fund does not bail the loan, and DenizBank, TOBB or KGF terminate applications without prior notice.
Be the first to comment