Garanti BBVA has moved its Credit Guarantee Fund (KGF) and Export Development Inc. (İGE) guaranteed loan processes onto digital channels. SMEs and businesses will now be able to submit applications without visiting a branch, track their processes end to end, and monitor evaluation stages in real time.
Garanti BBVA has launched a new application that moves its KGF- and İGE-guaranteed loan processes to digital channels, making it easier for businesses to access financing. Through the new development, both SMEs and non-SME businesses will be able to create loan applications via Garanti BBVA Mobile and Internet Banking and track every stage of their applications in real time.
Under the new application, customers can select the KGF- or İGE-guaranteed loan program that suits their needs and submit their application digitally. Thanks to integration with Türkiye’s Revenue Administration (GİB), balance sheet and income statement data is shared securely, significantly speeding up the evaluation process.
Commenting on the new application, Garanti BBVA Deputy General Manager Sibel Kaya said: “Fast and easy access to financing stands out as one of the most important factors in the sustainable growth of SMEs and businesses. That’s why we continuously improve our processes and support them with digital solutions, so our customers can access the financing they need in the most practical way. By moving KGF- and İGE-guaranteed loan applications to our digital channels, we’re enabling our customers to easily apply from wherever they are and track the process from end to end. In doing so, we’re both simplifying the application experience and making the evaluation process faster and more transparent. As Garanti BBVA, we will continue standing by our businesses and developing innovative solutions that support their growth.”
Speed and transparency in the application process
With the new application, businesses can track in real time which stage their loan application has reached once the process begins. Applications can be monitored through digital screens across every stage — bank evaluation, branch processing, KGF/İGE checks, loan disbursement, and guarantee approval. Customers are also kept regularly informed about the process through SMS, email, and mobile notifications.
