Tradesman credit limit updated! How much is the tradesman loan and where to apply?

President and AKP Chairman Recep Tayyip Erdoğan announced a new credit support package for tradesmen and artisans at the Turkey Tradesmen and Artisans Iftar Program held in Istanbul recently. Here are the details...

HOW MUCH IS THE TRADESMAN CREDIT LIMIT IN 2025?

President Recep Tayyip Erdoğan made statements at the Turkey Tradesmen and Artisans Iftar Program held at the Yenikapı Kadir Topbaş Performance and Art Center. He used the following expressions in his speech:

We are increasing the credit limits for tradesmen and artisans with a 50 percent subsidy from the Treasury from 750 thousand liras to 1 million liras. We are raising the credit limit for acquiring workplaces and commercial vehicles from 1.5 million liras to 2.5 million liras. In addition to zero-kilometer vehicles, we are also including vehicles aged 0-5 years for credit.

We are reducing the financing cost offered by Halkbank for our tradesmen and artisans with TESKOMB guarantee from 29 percent to 25 percent.

Thus, we are fulfilling another one of the important expectations of our tradesmen and artisans.

HOW TO APPLY FOR A TRADESMAN LOAN?

VakıfBank and Halkbank tradesman loan applications can be made through bank branches or mobile banking. While there has not yet been an update on tradesman loan interest rates, you can contact the relevant banks for detailed information.

News Source: 12punto