Loan provided by our Bank to be used as import financing from foreign sellers or the international markets.
A letter of importing loan that must be paid on presentation (sight) to provide financing.
Who Can Benefit From This Product?
Our clients who import
Importing firms, our Bank and the Financer Bank will freely determine this.
- An agreement will be made between our Bank and the bank that will provide the funds encompassing the loan period, profit share rate and other necessary questions.
- Pursuant to the Capital Movements Circular, the value of the funds must be brought inside the country and the price of a letter of loan paid.
- If the necessity should arise according to the period of loan, the collection of the amount in question will be carried out by the Resource Utilization Support Fund (KKDF).
- Our customers pay their debts in a single installment at the end of 540 days.
- The profit share rate will be fixed and be paid in installments.
Which Documents Are Needed?
You can apply with the standard documents requested for trade financing applications.
How Can I Apply?
You can apply at your nearest Ziraat Participation Bank Branch.