GENERAL LOAN AGREEMENT

GENERAL LOAN AGREEMENT

Contract Date: [Day/Month/Year]
Contract No: [Number, if any]

This General Credit Agreementbetween the parties whose details are provided below, the Turkish Code of Obligations No. 6098, the Banking Law No. 5411, and other relevant legislation .

1. PARTIES

Lender (Bank or Financial Institution):

• Title: [Bank / Financial Institution Name]
• Tax Number: [XXXXXXXXX]
• Address: [Bank Address]
• Phone: [XXXXXXXXX]
• Email: [XXXXXXXXX]

Credit User (Borrower):

• Name/Title: [Loan User Name or Company Name]
• TR Identity Number / Tax Number: [XXXXXXXXXX]
• Address: [Loan Holder's Address]
• Phone: [XXXXXXXXX]
• Email: [XXXXXXXXX]

The parties will be referred to as "Lender" and "Borrower" in this agreement .

2. SUBJECT OF THE AGREEMENT

The subject of this agreement is the granting of a general loan by the Lender to the Borrower within a specified limit, and the determination of the terms of use and repayment procedures.

• Loan Type: [Consumer loan, business loan, operating loan, home loan, etc.]
• Credit Limit: [X TL]
• Usage Period: [X Months/Years]
• Interest Rate: Annual [%X] (Variable / Fixed)
• Late Payment Interest: At the legal rate / [%X]
• Commission and Fees: [Should be specified if any]

3. LOAN USAGE AND REPAYMENT TERMS

3.1 Credit Usage

• The borrower can use the loan [in one lump sum / in installments] .
• The loan will be disbursed through an account or bank designated by the Lender .
• If the loan is not used within the specified period, the Lender may withdraw from the commitment.

3.2 Repayment Plan

• Repayments [Monthly / Quarterly / Semi-Annual / Annual] installments.
• First payment date: [Day/Month/Year]
• Due date: [Day/Month/Year]
• Payment amount per installment: [X TL]
• Total refund amount: [X TL]

3.3 Early Payment and Closure

• If the borrower wishes to pay off the loan early, [early repayment discount applies/does not apply].
• When payment is made early, the debt is settled by calculating interest on the remaining principal.

4. GUARANTEES AND WARRANTY

• The borrower shall provide collateral [mortgage, guarantee, pledge, check/bill of exchange, etc.] to guarantee loan repayment .
• Mortgage Status: [If applicable, property title information should be included]
• Guarantor Information: [If applicable, the guarantor's full name and identification information must be provided]
• If the borrower fails to repay the loan, the lender the right to liquidate the collateral and collect the debt .

5. PARTIES RELATIONSHIP AND RESPONSIBILITIES

5.1 Lender's Obligations

• To make the loan available to the Loan User in accordance with the agreement.
• To inform the Borrower of the payment schedule throughout the loan term.
• In the event of any changes to interest rates before the loan matures, the Borrower will be informed in advance.

5.2 Obligations of the Borrower

• Use the loan in accordance with the terms of the agreement.
• Meeting payment deadlines without fail .
• The borrower agrees not to object to the lender collecting on the collateralized assets in the event of default on the loan

6. TERMINATION OF THE AGREEMENT AND DEFAULT BY THE DEBTOR

6.1 Termination of the Contract

• If the Borrower does not use the loan within the contract period, the Lender may unilaterally terminate.
• If the borrower misuses the loan or engages in fraudulent activity, the lender the right to immediately recall .

6.2 Default and Legal Consequences

• the borrower is late on repayment, the lender may apply late payment interest.
• When the delay period exceeds [X] days, the Lender may make the entire loan due and payable and demand the full amount.
• If the borrower fails to repay the debt, legal action may be initiated and collateral may be seized.

7. PRIVACY AND PROTECTION OF PERSONAL DATA

• The parties may not share the information they obtain under this agreement with third parties.
• The Lender may process the Borrower's information within the framework of the Personal Data Protection Law No. 6698 (KVKK)
• The borrower agrees to the sharing of bank records with relevant public institutions as part of financial audits

8. RESOLUTION OF DISPUTES

• The parties shall endeavor to resolve any disputes arising from this agreement primarily through negotiation .
• In disputes that cannot be resolved between the parties, the [City] Courts and Enforcement Offices have jurisdiction.

9. FINAL PROVISIONS

• This agreement [X] copies and has been read and signed by the parties.
• Neither party may make changes to the terms of this agreement without written notice.
• The parties declare that they accept the terms of this agreement.
• The terms of this agreement shall be governed by the Turkish Code of Obligations, the Banking Law, and other relevant legislation

📌 LENDER (Bank / Financial Institution)
Title: [Bank Name]
Authorized Person: [Authorized Person's Name]
Signature: __________

📌 LOAN USER (Borrower)
Name-Surname / Title: [Borrower's Name]
Signature: __________