Corporate Discount Loan
Turn Your Cheques Into Cash Before Maturity With İktisatbank’s Corporate Discount Loan
It is a loan designed to meet businesses’ short-term cash needs using cheques arising from commercial transactions that have not yet reached maturity. While waiting for the collection of your substantial cheque portfolio in North Cyprus, you can meet your financing needs with İktisatbank’s Corporate Discount Loan.
How Does Cheque Discounting Work?
Interest for the period remaining until maturity, commission and statutory deductions are deducted from the cheque amount. The remaining balance is paid to your business. Ask our branch team about the net amount you would receive and the conditions of the transaction.
Which Businesses Is It Intended For?
The product is intended for businesses with a high volume of unmatured commercial cheques, a busy cash cycle and short-term financing needs. Share your cheque portfolio and financing request with the bank to discuss suitability.
During the Application
Ask about the cheque maturity dates, interest, commission, statutory deductions and net amount payable to your business. Acceptance of cheques and lending are subject to the bank’s assessment; not every cheque should be assumed to qualify on the same terms.
Information and Applications
For details and requests, visit your nearest İktisatbank branch or call Telephone Banking on +90(392)444-4444. Explore our corporate loans for other business financing needs.
Frequently Asked Questions About the Corporate Discount Loan
It is financing based on unmatured cheques arising from commercial transactions. The cheque amount is converted into cash after interest, commission and statutory deductions.
No. Interest calculated for the remaining period until maturity, commission and statutory deductions are deducted. The remaining net balance is paid to your business.
Cheque acceptance and your credit request are assessed by the bank. Share your commercial cheque details and maturity dates with a branch to check suitability.
Give your cheque details to an İktisatbank branch to ask about interest, commission, statutory deductions and the net amount payable. You can also call Telephone Banking on +90(392)444-4444 for information.