Farm loan
You repay the loan in the months you sell the harvest
- Amount
- ₼1,000–30,000
- Term
- 6–24 months
- Annual rate
- from 21%
- APR
- from 24.1%
Loans for small businesses: ₼1,000 to ₼50,000
A shop, a workshop, a service counter. A loan officer comes to your business, sees the takings on the spot, and the decision comes the next working day. Up to ₼10,000 with a guarantor and no pledge.
- Amount
- ₼1,000–50,000
- Term
- 6–36 months
- Annual rate
- from 22%
- APR
- 25.7–38.9%
- Fee
- 1.5%, at least ₼20
- Decision
- 1 working day
Who it is for
- Traders at markets, in shops and minimarkets
- Workshops: bread, sewing, shoes, furniture, carpets
- Services: car repair, barbers, guest houses, cafés
- A business running for at least 6 months, registered or not
Interest only for the first 3 months
New equipment or a second outlet does not earn at once. If you wish, you pay only interest for the first 3 months and the loan itself from the fourth. Choose equal payments or payments that fall each month.
What it can pay for
- Buying stock
- Buying equipment
- Refitting the premises
- Opening a new outlet
- Working capital
Work out the payment
₼1,000₼50,000
6 months36 months
Monthly payment
₼317.23
Annual rate 24% · APR 28.8%Total to repay: ₼7,703.42
Equal payments. An estimate. The rate depends on the sum; the exact terms are in the contract.
Terms
Rate by amount
| ₼1,000–5,000 | 26% |
|---|---|
| ₼5,001–15,000 | 24% |
| ₼15,001–50,000 | 22% |
- How you repay
- Equal payments · Falling payments
- Interest-only months
- Up to the first 3
- Pledge and guarantor
- Up to ₼10,000 one guarantor is enough. Above ₼10,000 we need a pledge: property, equipment or a car. The pledge is registered with a notary and stays with you.
- How the decision is made
- A loan officer visits your business within 1–2 days of the application. Up to ₼10,000 the decision comes the next working day; larger sums go to the credit committee within 3 working days.
Example. ₼6,000 over 24 months at 24% a year, fee ₼90. Monthly payment ₼317.23, total to repay ₼7,703.42, APR 28.8%.
Documents you need
- ID card
- Tax registration (VÖEN) or a patent, if you have one
- The last 6 months of a sales book, invoices or bank statements
- The guarantor’s ID card and proof of income
- With a pledge: the ownership document
Questions about this loan
I have no tax registration. Can I get a loan?
Yes, up to ₼10,000. The loan officer sees the business on site: the stock, the customers, the books. Larger sums need a tax registration and recorded turnover.
Who can be a guarantor?
Anyone aged 18–65 with an income and no delay longer than 30 days in their credit history. A relative can, except your spouse.
Is there a charge for paying the loan off early?
No. Any day you can pay the balance and the interest up to that day and close the loan. Paying part early is free too.
Other loans
All loans
Consumer loan
Online up to ₼5,000, signed with SİMA
- Amount
- ₼500–15,000
- Term
- 6–36 months
- Annual rate
- from 25%
- APR
- from 30%
Gold-secured loan
In an hour at a branch, no proof of income
- Amount
- ₼100–20,000
- Term
- 1–24 months
- Annual rate
- from 20%
- APR
- from 21.5%