Discount Loan

Discount Loan with suitable conditions, at Garanti.
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Discount Loan is a type of cash loan made against a commercial note that has not yet due. The note's debtor must reside in the same municipality as the bank branch to which it is presented. The amount paid in cash is the face value of the note minus the interest accruing on the note until its maturity, commissions and the legal charges due on the note such as KKDF and BSMV. In short, in a discount loan, the discounted note is endorsed over to the bank, which assumes responsibility for collecting it.

  • Features and Benefits
    • With the Garanti Discount Loan, you can meet your short term cash needs.
    • It provides convenience and flexibility for companies that have large portfolios of notes and intense cash-to-cash cycles in meeting their short-term cash needs.
    • The interest is calculated according to the due dates of your receivables. The loan amount is paid in cash after the interest rate, legal taxes and duties are calculated over the face value of the note and deducted.
    • If you want to obtain short-term financing, you can take advantage of the Discount Loan.

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