EKF charges a premium for issuing an SME Guarantee. Premiums are determined based on:
The buyer’s creditworthiness: EKF evaluates the buyer’s creditworthiness. The better the credit rating, the lower the premium.
The political situation in the buyer’s country: EKF assesses the degree of risk of the emergence of political instability in the buyer’s country. The lower the risk of political instability, the lower the premium.
The credit period: The credit period is the number of months the buyer will use to repay the loan to the bank. The shorter the credit period, the lower the premium.
In addition to the premium payable to EKF, the buyer pays interest and costs to the bank for the credit. Your bank can give you the total price.