Export loan

The EIS export loan is intended for financing transactions involving the export of goods produced in Estonia, and the loan is issued to an Estonian exporter. The purpose of the export loan is to provide the foreign buyer with a repayment term of at least two years, and to finance the payment of the credit insurance premium and, if necessary, the production of goods to be sold to the foreign buyer.

The target audience is all exporters.

Loans will not be granted to the following activities and undertakings:

• primary production of agricultural products, fishing and aquaculture, forestry activities
• manufacture, processing and marketing of tobacco (and related products)
• manufacture, processing and marketing of weapons and ammunition
• the loan applicant is owned by a person who is resident in a country or territory that is considered a non-cooperative jurisdiction under § 10¹ of the Income Tax Act

Loan amount

• The maximum possible amount for financing the credit period of a foreign buyer is 15,000,000 euros per foreign buyer, but not exceeding the insured credit limit.
• For financing the production of export goods, the maximum possible amount is 7,500,000 euros, but not exceeding the insured production risk amount.

Loan interest

• At least equal to the market interest rate.
• The interest consists of a variable part, which is the base rate calculated by the European Commission, plus a fixed part. In case the value of the variable part is less than 0% per year (i.e., negative), the variable part is considered as 0% (zero percent) per year.
• For financing the credit period of a foreign buyer, the fixed part depends on the foreign buyer's risk rating and is generally in the range of 1.6-2.2% per year.
• For financing the production period, the fixed part depends on the loan applicant's risk rating and the collateral offered and is generally in the range of 1.6-6.5% per year.

Contract fees

• The contract fee is 1% of the loan amount.
• The contract amendment fee is 0.2% of the loan balance.

Loan period

2–10 years.

Repayment of the loan

The foreign buyer makes payments at least twice per year.

Prerequisites for granting a loan

1. Insuring the credit and political risk related to the foreign buyer, and designating EIS as a beneficiary in the insurance contract. The insurance cover for credit and political risk must be at least 95% of the balance of the credit granted to the foreign buyer.

2. Assigning the claim arising from the export transaction against the foreign buyer to EIS as of the delivery of the goods to the foreign buyer.

3. Insuring production risk in the case of financing the production of goods sold to an external buyer.

4. Provision of other collateral in favour of EIS, if necessary.

• The precondition for issuing the loan is that the KredEx Krediidikindlustus must insure the credit risk and political risk associated with the foreign buyer, see link to insurance page.
• Find out more about Enterprise Estonia’s services for businesses here

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