Treasury-Backed Loan Facility for Tradespeople with Debts

An opportunity has been introduced for tradespeople and artisans with tax and social security premium debts to utilize Treasury-backed loans at lower subsidy rates. With the new regulation, alternative payment and interest discount models have been offered to segments that do not fully meet the standard loan criteria.

Basic Requirements for the Loan

Within the scope of the relevant law, tradespeople and artisans are required to have no overdue tax and social security premium debts, as documented by a certificate obtained no earlier than 15 days prior. In the event of existing debts, it is required that they have been restructured and that the restructuring remains valid.

Two Alternative Paths for Debt Holders

Two different alternative methods have been determined to enable tradespeople and artisans who cannot meet the specified conditions to benefit from the loan opportunity offered by Halkbank.

First Alternative and Debt Payment Condition

A portion corresponding to a maximum of 25 percent of the loan provided through Treasury interest support must be deposited into the relevant offices on behalf of the individual. The amount to be collected within this scope cannot exceed 300 thousand liras annually, and the loan is disbursed after the debt is paid.

Second Alternative and Interest Discount Rates

The Treasury interest discount rate on investment and operating loan interest will be applied as 40 percent instead of 50 percent for certain groups, 80 percent instead of 100 percent for others, and 48 percent instead of 60 percent for tradespeople who do not fully meet the criteria.

Statements by Minister Mehmet Şimşek

Minister of Treasury and Finance Mehmet Şimşek stated that with the new regulation, they are facilitating access to financing for tradespeople who cannot fully meet the loan conditions and that they will continue to stand by the producing sector at all times.