The debts arising from low-interest loans used by tradesmen and craftsmen damaged by the new type of coronavirus (Covid-19) outbreak were postponed for 3 months without interest.
The Presidential Decree on the subject was published in the Official Gazette.
Accordingly, among the tradesmen and craftsmen within the scope of the decision, those whose businesses and / or businesses have been damaged due to the epidemic, Turkey Tradesmen and Craftsmen Credit and Surety Cooperatives Unions Central Union (TESKOMB) affiliated to the regional unions of tradesmen and craftsmen credit and surety cooperatives partnering with the bail or directly from the bank, On March 31, 2020 and before, the debts arising from the low-interest loans they used between April 1 and June 30, 2020 will be postponed without interest for 3 months from the maturity date / installment maturity / accounting period by accruing interest in accordance with the relevant legislation at maturity / installment maturity / accounting period.
Accordingly, all remaining installments will be postponed in line with the loan amortization table. Within the scope of the decision, a commitment letter will be taken from the tradesmen and craftsmen whose loans are postponed that they will not reduce the number of employees during the postponement period. Tradesmen and craftsmen who are found to have a decrease in the number of employees will be excluded from the scope of postponement.
New low-interest loans
Low-interest loans can be opened to tradesmen and craftsmen whose debts have been postponed by the bank during the postponement period within the scope of the relevant decisions regarding the use of low-interest loans, if they request, and the provisions preventing the opening of loans to those who have debts subject to postponement will not be applied in the said decisions.
No follow-up action will be initiated for deferred loans until the end of the deferral period.
The deferment process does not necessitate the cancellation of the existing material and personal collateral of the debt, nor will it give the debtor’s joint debtors and joint sureties the right to withdraw from suretyship.
The bank’s income losses arising from deferred loans will be calculated by taking into account the current loan interest rate applied by the bank to tradesmen and craftsmen loans for tradesmen and craftsmen.
The Bank will submit the information on the deferred loans and the estimated income loss amounts calculated until the end of the maturity/accounting period/installment maturity to the Ministry of Treasury and Finance on a monthly basis in order to make projections.
Following the Bank’s submission of the income loss amounts calculated until the end of the maturity / accounting period / installment maturity of the deferred loans and finalized according to its own records every month in the format notified by the Ministry of Treasury and Finance, the payments will be covered by the Ministry of Treasury and Finance from the appropriation allocated for this purpose in the relevant year budgets.
Source: https://www.aa.com.tr/tr/ekonomi/esnafa-kredi-borcu-ertelemesi-resmi-gazetede/1778351
