News from Garanti Bank
Garanti Bank expands its range of products for professionals
10.11.2009 - Garanti Bank expands its range of products for professionals. Besides developing a new product, „PLUS” loan with installment repayment, the products have now a more flexible collaterals structure and reimbursement periods of up to 10 years for loans that do not need any justification and up to 30 years for investment loans.
The new product, „PLUS” loan with installment repayment, offers professionals the possibility of accessing up to EUR 150,000 for a maximum period of 10 years, without justifying how the granted amount is used. Collaterals may include mortgages, pledges, etc.
Through the loan with installment repayment, professionals may obtain an amount of maximum EUR 25,000 without material collaterals and without the need to justify the usage of the granted amount. The maximum granting period is 10 years.
For financing current activities and small scale investments, professionals may obtain up to EUR 25,000 without material collaterals, through the credit line for professionals. This credit line is granted over maximum 1 year. One of the most important benefits is that the principal may be reimbursed in full upon maturity, while the interest rate in equal monthly installments.
The investment loan allows financing up to 90% of the acquisition value of equipments, vehicles, furniture, premises for company’s activities or upgrading and extending the existing ones. The granting period varies between 5 and 30 years, depending of the financing purposes. The main advantages of this product are the various types of collaterals accepted and the option to use the entire amount one time or by multiple draws, depending on the investment’s status.
“We wanted to extend the range of products and services for professionals so as to better respond to the specific requirements of this professional segment. We are launching this competitive offer with flexible financing solutions for day-to-day activities, as well as for different kinds of investments, with terms of up to 30 years. We are convinced that the new conditions and the flexible collaterals structure will help our customers, who will thus be able to develop their business as they wish.” Okan Yurtsever, Retail Banking & Bancassurance Director, stated.