Revolving Credit

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Product Description :

Revolving Credits are loans you can use to meet your short-term needs. They allow your company to draw cash on the time and amount you need, within a specific term and limit, and allow you to repay the loan at any time. They are subject to the provisions of the Current Account Agreement defined in the Turkish Commercial Code. Repayment can be made in cash or by collecting collateralized customer checks and promissory notes.

Benefits :

It provides businesses with both cash flow and budget flexibility. Interest rates are determined by market conditions. Collections are made at the end of three-month periods. Loans can be paid off partially or fully. Loans can be taken out at any time and in any amount, within specified limits.