TURKISH EXIMBANK GRANTS CREDITS FOR MACHINE BUYERS FROM TURKEY

Under the cooperation protocol between TurkishEximbank and the Machinery and Parts Exporters Union, Country Buyer Credits are made available for importers of Turkish machinery

85% of the total value of machinery imported from Turkey will be financed by TurkishEximbank credits issued directly in the name of the buyers.  

Credit conditions are as follows:

 The amount of credit is limited to 85 % of the goods to be shipped from Turkey.

 The payments for the portion of 15 % not financed by Turkish Eximbank will be made by the buyer in cash or in parallel to credit disbursements.

 The rate of local contribution for the goods to be exported from Turkey, as determined by the Machinery and Parts Exporters Union, must be 50 % as a minimum.

Credit Types according to payment terms are:

A) Total of 3 years with a non-repayment period of 6 months to 1 year for transactions up to 250,000 Dollars

B) Total of 4 years with a non-repayment period of 6 months to 1 year for transactions between 250,000 and 1,000,000 Dollars

C) Total of 5 years with a non-repayment period of 6 months to 1 year for transactions greater than 1,000,000 Dollars

You can download an information brochure on the subject by following this link.