1. What are the conditions and what documentation is needed?
For further information on the product terms and conditions and all the required documents click at the Link below:
2. What kind of collateral is required for this loan?
As guarantee, BKT will request pledge of time deposit in BKT / Government Title which will cover the minimum amount of the loan at the rate of 110%.
3. Can I profit from this loan if I have a time deposit / Treasury Bill / Bond in another financial institution?
No, from this loan can profit only customers that have time deposits in BKT or have invested in Treasury Bill / Bond through BKT.
4. Can I take the loan in the same currency of the time deposit?
The currency of loan is not conditioned from the currency that is invested the deposit.
5. Do the loan and the time deposit have the same maturity?
The loan maturity is not conditioned by the maturity of the deposit / Treasury Bill or Bond.
6. Do I lose generated interests from deposit / Treasury Bill or Bond if I use as a pledge the deposit / Treasury Bill or Bond?
Deposit / Treasury Bill or Bond interests can be withdrawn in every moment.
7. Can I withdraw total or partially the amount of the deposit while the cash collateral/ Treasury Bill or Bond is active?
As long as the loan is active deposit / Treasury Bill or Bond stays pledged in favor of BKT. However, the customer has the right to request to withdraw a part of deposit.
8. Which are the repayment methods for cash collateral loan with time deposit / Government Securities (Treasury Bill or Bond)?
BKT offers 2 repayment methods for this loan: Equal monthly installment loan including interest and principal or variable repayment loan where interest will be paid each month, whereas principal is paid, according to customer preferences.