TL 300m in loans at 20% interest for businesses: applications open
Loans with terms of up to 36 months are available to tradespeople and service, tourism and agricultural businesses, with limits ranging from TL 500,000 to TL 2 million. Applications can be made at Halkbank and Ziraat Bank branches.
This article was translated from Turkish with the help of artificial intelligence. Read the original (Türkçe)
Loans totalling TL 300 million at an annual interest rate of 20% are being offered to tradespeople and service businesses, medium-sized tourism businesses and the agricultural sector in the TRNC (KKTC). Under the 2026 Interest-Supported Loan Programmes, for which the Republic of Türkiye is providing interest support, businesses can apply for financing with a term of up to 36 months at Halkbank and Ziraat Bank branches across the TRNC.
Loan limits by sector
Maximum loan amounts under the programme vary according to the sector in which a business operates. The limits for loans with a term of up to 36 months are as follows:
- Tradespeople and service sector: TL 500,000
- Medium-sized tourism sector: TL 2 million
- Agricultural sector: TL 600,000
Half of the interest is covered through support
The annual interest rate on the loans has been set at 40%, with half of this covered by the Republic of Türkiye. This brings the annual interest rate payable by businesses using the programme to 20%. The total interest support allocated for the programmes amounts to TL 109.8 million.
The support, coordinated by the Development and Economic Cooperation Office (KEİ) of the Turkish Embassy in Nicosia, aims to reduce businesses’ financing costs. Other objectives include supporting continuity of production, capacity growth, new investments and employment.
Banks to assess eligibility
Applications for the programmes, which began on 12 October 2026, are ongoing. Tradespeople, farmers and tourism operators can obtain information on loan terms, eligibility criteria and required application documents from the relevant bank branches.
Halkbank and Ziraat Bank will assess applications and provide the loans in accordance with the programme’s rules and procedures. The TL 300 million loan facility is intended to support the financial position and investment activities of the real economy.
Sources
- Kıbrıs Manşet — Türkiye Cumhuriyeti’nden KKTC reel sektörüne yüzde 20 faiz oranıyla 300 milyon TL kredi imkanı
- Yenidüzen — TC’den reel sektöre yüzde 20 faiz oranıyla 300 milyon TL kredi imkanı
This article was prepared by compiling information from the sources above and rewriting it with the help of artificial intelligence. Our editorial principles
