Rus Tourism News
Aphrodisias turkey

New Credit Support for Tourism in Turkey

Banks Association of Turkey (TBB), gave credit support in order to promote the value of market production capacity and employment, businesses with Tourism Support Package Applications.

10 billion TL credit will be provided by the banks with the guarantee of the Ministry of Treasury and Finance and the guarantee of the Credit Guarantee Fund.

The credits will have a maturity of 48 months, with a maximum grace period of 12 months, provided that they do not exceed 1 November 2021.
The interest rate was determined as 14.5 percent maximum for fixed rate loans and TLREF + 200 basis points for variable rate loans.

In addition, the salary and rent payments of the supplier companies that do business with the tourism sector enterprises will be helped to meet the fixed expenses, cash needs and corporate credit card expenses related to the contract or invoice.

How will the Tourism Support Package Application be?

10 billion TL credit will be provided by the banks with the guarantee of the Ministry of Treasury and Finance and the guarantee of the Credit Guarantee Fund.
The credits will have a maturity of 48 months, with a maximum grace period of 12 months, provided that they do not exceed 1 November 2021.

What will be the interests in the Tourism Support Package?

The interest rate was determined as 14.5 percent maximum for fixed rate loans and TLREF + 200 basis points for variable rate loans.
The upper limit of the guarantee per beneficiary will be 32 million TL and the upper loan limit will be 40 million TL.

Which banks are responsible for the Tourism Support Package Application?

Akbank, Albaraka Türk Katılım Bankası, Denizbank, Garanti BBVA, Halkbank, İş Bankası, Kuveyt Türk Katılım Bankası, QNB Finansbank, TEB, Türkiye Finans Katılım Bankası, Vakıfbank, Vakıf Katılım Bankası, Yapı Kredi Bankası, Ziraat Katılım Bankası ve Ziraat Bankası.

Iuliia Tore