Loans with interest refund for social security debts
Scope
Self-employed persons as well as the owners of the companies with maximum 5 employees as of the publication date of the Cabinet Decree on the Official Gazette, including the employers regardless from their line of business, can benefit from this program.
Aim of Utilization
Loan will be used not only for the employer to pay their debts, but also for the payment of all debts appear in the name of the employer and the employees.
Limit
It shall be granted as maximum 50.000 TL.
Term
Maximum 48 months with equal installments
Interest Rate
Loan will be granted with an annual fixed interest rate of 4% with one interest capitalization per year, and 9% interest will be covered from the support sub-account.
Loans with interest refund for small business owners with taxi
Scope
Small business owners with only 1 (one) taxi operation permit can benefit from this program provided that the vehicle has a “Taxi Operation Permit” granted pursuant to the Law No. 50/2009 on Passenger and Freight Transportation with Motorized Vehicles, as amended, and is registered as a taxi to the TRNC Motorized Vehicles Registration for minimum 10 years, as well as provided that the Taxi Operation Permit will be used for the vehicle which was bought or imported.
Aim of Utilization
• Loan may only be used by the small business owners, who only has 1 (one) taxi operation permit, in order to renew their old vehicles with affordable payment conditions.
• Limit and Term
• For those who will buy an unused, new car, the maximum limit for Loan with Interest Refund will be 60.000 TL and the maximum term will be 48 months.
• For those who will buy a car up to 3 years old, the maximum limit for Loan with Interest Refund will be 50.000 TL and the maximum term will be 48 months.
• For those who will buy a car that is 3 to 5 years old, the maximum limit for Loan with Interest Refund will be 40.000 TL and the maximum term will be 36 months.
Interest Rate
For unused cars or cars without a license plate, loan will be granted with an annual fixed interest rate of 0% with one interest capitalization per year, and 13% interest will be covered from the support sub-account.
For cars up to 3 years old, loan will be granted with an annual fixed interest rate of 3% with one interest capitalization per year, and 10% interest will be covered from the support sub-account.
For cars up to 5 years old, loan will be granted with an annual fixed interest rate of 4% with one interest capitalization per year, and 9% interest will be covered from the support sub-account.
Commission and BSE fees are not included in the calculation of the loan. You can visit our branches or call our customer representatives for detailed information and appropriate loan interest rates. Our bank reserves the right to change interest, fees and promises.
