President Erdoğan said that they will provide transportation support to university students who study far from the cities where their families live, and that they have started a loan campaign for tradesmen with a 60-month maturity and 7,5 percent interest rate. Those who want to acquire a workplace or get a workplace renewal loan will be able to use a loan of up to 1.5 million TL, with a maturity of 10 years and an annual interest of 7.5 percent. Those who want to buy a new vehicle will be given a loan of up to 1.5 million TL, with a 7-year term and an annual interest of 7.5 percent. So who will get how much credit, how much credit will be given to which tradesmen? What are the conditions for applying for a business loan?
After the Cabinet meeting, President Recep Tayyip Erdoğan gave the good news that will make thousands of tradesmen breathe. Expressing that he has good news for tradesmen and artisans, President Erdogan said that they stand by and continue to be with tradesmen and artisans in the difficult process caused by the epidemic and war conditions, as in every period.
How much credit will the tradesman use?
“140 women benefited from the women entrepreneur loan that we started in March last year, and used a resource of more than 17 billion liras. 52 thousand people have benefited from the entrepreneurial loans we have initiated under various names for our youth by reaching a source of 10 billion liras. Now, we are in the presence of our tradesmen and craftsmen with a new credit support package that we have started to commemorate the 100th anniversary of our republic. While increasing the zero-interest loan limit of young entrepreneurs from 100 thousand liras to 300 thousand liras, we also increase the age limit from 30 to 35.
What is the interest rate of tradesman loan support, what is the limit?
We are launching a 60 billion lira loan campaign for our tradesmen through Halkbank, with a maturity of 7,5 months and an interest rate of 100 percent. Not only that, we are increasing the credit upper limits from 350 thousand liras to 500 thousand liras, and business and vehicle loan limits from 1 million liras to 1,5 million liras. While increasing the zero-interest loan limit of our young entrepreneurs from 100 thousand liras to 300 thousand liras, we also increase the age limit from 30 to 35. We provide tradesmen who use a loan from Halkbank and are followed up with the opportunity to liquidate their debts with a 6 percent interest loan with a maturity of up to 36 months, with a grace period of up to 4 months. I wish all these conveniences to be beneficial to our tradesmen.”
How much credit will be given to which tradesmen?
All business owners registered with chambers of tradesmen and young entrepreneurs who want to become tradesmen throughout Turkey will benefit from the loan. For this, everyone will apply to the surety cooperative in the province and district where they are registered. Those who want to acquire a workplace or get a workplace renewal loan will be able to use a loan of up to 1.5 million TL, with a maturity of 10 years and an annual interest of 7.5 percent. Those who want to buy a new vehicle will be given a loan of up to 1.5 million TL, with a 7-year term and an annual interest of 7.5 percent.
Loans ranging from 50 thousand TL to 500 thousand TL, with zero interest, with a term of 5 years, will be provided to the tradesmen, who are on the verge of disappearing and operating in traditional professions. Master entrepreneur loan, for those who have a mastery certificate in any profession and will open a business in their own name; It will be used up to 500 thousand TL, with a maturity of 5 years and zero interest. Those who have completed KOSGEB entrepreneurship training and are not older than 35 will be given a young entrepreneur loan of up to 300 thousand TL, with zero interest and a maturity of 5 years. All business loans other than these three groups will be used with a maturity of 5 years, an annual interest of 7.5 percent and an upper limit of 500 thousand liras. All loans will be taken from Halk Bank at an annual interest of 15%. Repayments will be made in 1-month, 3-month and 6-month increments, depending on the loan.
Will the excise duty be reset?
TESK President Bendevi Palandöken said, “The 100 billion breath loan is an important amount, especially the tradesmen who have debts but cannot get loans. Now our eyes are on the retail law that will be brought to the Parliament, and the good news of a one-time zeroing of the SCT in commercial vehicles by limiting our workplace rents to 25 percent, as in residences," he said.
Who will use the business loan?
TESKOMB President Abdülkadir Akgül said that a total of 100 million tradesmen will benefit from 1.3 billion loans and debt postponement. Akgül said that the credit limits have increased and that 100 billion dollars has been created while banks do not have the resources to lend. Stating that the market loan interest rate is 9.5 and that in the tradesmen package, loans will be given from 2 points below, with 7.5 percent interest, Akgül said that the tradesmen mostly complain about the low limit, and this has been increased from 350 thousand to 500 thousand. He said that 1.3 million tradesmen will benefit from the loan, not to buy houses and cars, but to renew their shelves.
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