Business Plus is a credit card specific for companies through which they can make instalments and/or terms in order to allow the enterprises to finance their daily purchases and create repayment schedules according to their own cash flows.
It allows the enterprises to split their purchases into instalments and/or terms.
- Single transactions can be paid in instalments. While Kuveyt Türk makes the payment in cash, the cardholder makes the payment in instalments to Kuveyt Türk. Thus, there will be the possibility of receiving discount over the cash price.
- Payments can be delayed to a future term and made in single transaction.
- Instalments with grace period can be determined. Payment is not made in the first months and the amount is split into the following months.
Cheques or taxes which were drawn in the previous periods and are due now can be paid within 10% and maximum up to 10.000 TL of Business Plus card limit. In case of insufficient balance in the current account, payment will be made via Business Plus. These payments are subject to inflation difference. The following formula is used for the calculation of the inflation difference.
Inflation Rate = (12-month CPI + 12-month PPI)/(2*12)
Amount to be Paid = Amount to be Paid = [(Statement Date-Transaction Date)* Inflation Rate *Amount Drawn]/ [30*100]
|Number of Instalments||Late Interest (Including Taxes)||Number of Grace Periods||Number of Grace Periods|