How to Apply for a Breath Loan? Which Banks Provide Breath Loans?

How to apply for a breath loan, which are the banks that provide breath loans?
How to apply for a breath loan, which are the banks that provide breath loans?

Nefes Loan is being implemented for medium-sized enterprises (SMEs) that have suffered the most during the coronavirus epidemic. The application date for the Breath Loan, which will be given through Ziraat Bank, Vakıfbank, Halkbank, Türkiye İş Bankası, Garanti Bank, Yapı Kredi Bank, Akbank, Denizbank, will start on Tuesday, June 1, 2021. Here are the Nefes Loan application procedures and details…

The terms of the 'Breath Loan Package' for companies that have lost revenue have been clarified. The Nefes Credit, for which applications will be received as of Tuesday, June 1, 2021, will be given up to 6 thousand TL with a grace period of 17.5 percent per annum for the first 200 months. Payback will be 12 months. With the loan package for medium-sized business owners, it is planned to give a 'breath' to SMEs whose business has come to a standstill due to the covid-19 epidemic.

When are the Breath Loan Applications?

According to the statement made by the Ministry of Treasury and Finance, applications for Nefes Loan will be received as of Tuesday, June 1, 2021. There is no information about the last day of applications. Companies will be able to apply to bank branches with the membership certificate they will receive from the chambers and exchanges they are members of.

Nefes Credit Package will be implemented in cooperation with the Union of Chambers and Commodity Exchanges of Turkey (TOBB) and the Credit Guarantee Fund (KGF) with the participation of 10 banks under the leadership of the Ministry of Treasury and Finance. 135 businesses are expected to benefit from the campaign.

What are the Breathing Loan Application Conditions?

Firms will be able to apply to bank branches with the membership certificate they will receive from the chambers and commodity exchanges they are members of. Nefes Credit Package is implemented in cooperation with the Union of Chambers and Commodity Exchanges of Turkey (TOBB) and the Credit Guarantee Fund (KGF) with the participation of 10 banks under the leadership of the Ministry of Treasury and Finance. With the Nefes Credit Package, working capital financing will be provided to members who have an annual turnover of less than TL 10 million and who have a 2020% loss in their 2019 turnover compared to 25, and those registered with the chambers of commerce, maritime commerce, industry, commerce and industry or the commodity exchange.

Who Can Apply for a Breath Loan?

With Nefes Credit, working capital financing will be provided to members who have an annual turnover of less than TL 10 million and have a 2020% loss in their 2019 turnover compared to 25, and are registered with the chambers of commerce, maritime commerce, industry, commerce and industry or the commodity exchange.

SMEs with a turnover not exceeding 2020 million liras in 1 will be able to use a maximum of 50 thousand liras, and SMEs with a turnover of 1-10 million liras will be able to use a maximum of 200 thousand liras. TOBB and chamber-exchanges will also contribute to the project by evaluating their resources in these banks.

Banks Giving Breath Loans 2021

In the Nefes Loan application, which will provide businesses with a grace period of 6 months, loan repayments will be made in 12 equal installments. In the said application, Treasury-backed KGF guarantee will be provided, and the interest rate has been determined as 17,5 percent per annum.

The list of banks participating in Nefes Loan, which applications will be accepted as of Tuesday, June 1, 2021, is as follows:

  • Ziraat bank
  • Vakıfbank
  • Halkbank
  • Turkey Business Bank
  • Garanti Bank
  • Yapı Kredi Bank
  • Akbank
  • Denizbank
  • Ziraat Participation Bank
  • Foundation Participation Bank

How to Apply for a Breath Loan?

Companies with a turnover of less than 10 million liras and a loss of 2020 percent in their 2019 turnover compared to 25 will be able to apply to bank branches for Nefes Credit with the membership certificate they will receive from the chambers and exchanges they are members of as of June 1, 2021. Businesses that want to benefit from the loan will also be able to obtain the membership certificate as an e-document online from the systems of TOBB or chamber-exchanges, without going to the chambers-exchanges.

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