Turkey Tradesmen and Craftsmen Credit and Guarantee Cooperatives Central Union (TESKOMB) interest rates too low by members of trades that can be allocated on special loans through simple application procedures can be met within a short time after the cash needs. In this context, it can be useful to briefly touch upon how to apply for TESKOMB low-interest tradesmen loan and what are the types of loans that can be allocated.
TESKOMB Tradesman Loans
TESKOMB is currently allocating 9 different types of loans to participate. Before submitting a loan application, it is necessary to decide which loan to request and the procedures for this product should be started. The tradesmen loans that TESKOMB can apply for are:
- Business loan,
- Monthly equal installment business loan,
- Facility loan,
- Employment support loan,
- Cooperative export facility loan,
- Discount credit,
- Driver vehicle loan,
- Vehicle repair loan to the shopkeepers,
- Service vehicle van renewal loan.
Business Loan Details
Those who will benefit from business loans must be a partner of Tradesmen and Craftsmen Credit and Guarantee Cooperatives. Otherwise, this credit cannot be used.
The loan can be used to cover the expenses required to continue operating (such as purchasing raw materials and goods).
The upper limit of the loan is 150 thousand and repayments can be made with up to 5 years of maturity.
Monthly Equal Installment Business Loan
The upper limit of this loan, which can be used by tradesmen and craftsmen credit and surety cooperatives, is 150 thousand. It can be used to make the necessary expenses for raw materials and to continue its activities. To use it, it is necessary to find a guarantor as much as the loan amount, to give a guarantee or a mortgage. The credit upper limit is 150 thousand and repayments can be made with maturities up to 24 months.
It is possible to purchase expenditures such as machinery, new tools, and equipment with this loan, which can be used by tradesmen and tradesmen members. It is necessary to give collateral as much as the loan to be used.
The upper limit of the loan is 150 thousand and can be paid back with a maturity of at least 2 and a maximum of 5 years.
Employment Support Loan
It is possible to request a loan of 150 thousand with a maturity of up to 3 years, thanks to this loan product, which can be used by the tradesmen and tradesmen members of the Credit and Surety Cooperatives to finance the necessary expenses for the production of goods or services. Loan repayments can be made with a maturity of at least 1 and a maximum of 3 years. The first year of the loan is the grace period.
Cooperative Export Credit
Tradesmen and Artisans Credit and Surety Cooperatives member tradesmen can finance the expenses they need to make in order to increase the export or export to reach an internationally competitive quality. It is possible to make repayments of this loan, which can be used up to 150 thousand, with a maturity of 4 years. No interest is charged for the first year of the loan and it is the grace period.
Tradesmen and Artisans Credit and Surety Cooperatives members can use the discount product to meet their urgent cash needs. The upper limit of this loan, which can be used for a minimum of 1 month and a maximum of 9 months, is 150 thousand.
Driver Vehicle Loan
Tradesman and Artisans Credit and Surety Cooperatives member driver tradesman can finance vehicle expenses up to 150 thousand with this loan. There is an age limit of 3 for cars, vans and minibusses and 5 for buses when buying used cars. Refunds are made with a maturity of at least 2 and a maximum of 5 years. The purchased vehicle must be given hostage and it is compulsory to have car insurance.
Vehicle Repair Credit
Tradesmen and Craftsmen Credits and Bail Cooperatives can be used for maintenance, repair, spare parts and so on. it is possible to finance spending. This loan, which can meet the cash needs of up to 150 thousand, must be repaid with a maturity of at least 1 and a maximum of 9 months. It is necessary to give a mortgage or find a guarantor.
Service Vehicle Truck Renewal Loan
Servers who are members of the Tradesmen and Craftsmen Credit and Guarantee Cooperatives can replace their vehicles older than 10 years old with new ones with a loan of up to 150 thousand. This loan, which can be used with a maturity of 3 years, has an 8% equity contribution and the vehicle should be pledged during loan repayments.
What are the Credit Terms
Regardless of which loan is used, the conditions are as follows:
- Being tradesman or craftsman,
- Having a record,
- To be in the field of activity of TESKOMB,
- Not being a partner of different Tradesmen and Craftsmen Credit and Guarantee Cooperatives.