Our financing solutions

Export Credit Norway provides a powerful sales tool: competitive, medium- to long-term financing directly linked to your prospective export contract. We assist both small and large enterprises and would be happy to support you in your sales process.
Read more

Who can apply?

We help companies to succeed abroad. Both the exporter and foreign buyer can apply for export financing. Our customers come from all over the world and purchase everything from ships and subsea technology, to solar parks, hydropower turbines and design services.

  • Choose between favourable fixed or variable interest rates
  • Borrow up to 85 percent of the value of the export contract
  • We offer credit for periods of up to 18 years
  • Gain access to attractive, stable funding from the Norwegian Government irrespective of market conditions
  • Free up credit from your local banks for other financing needs, such as overdraft facilities
  • SME solution for export contracts totalling less than NOK 100 million

How do I do it?

Follow the six-step process from application to loan disbursement:

1 Make contact

The exporter or buyer contacts Export Credit Norway, describing the prospective export contract and project or purchase to be financed. The loan application must be submitted before the exporter and buyer sign the export contract.

2 Receive financing proposal

Export Credit Norway prepares an indicative term sheet, outlining key terms and conditions in the financing proposal. The exporter and the buyer sign the export contract before the process continues.

3 Guarantors

Loans from Export Credit Norway must be guaranteed by the Norwegian Guarantee Institute for Export Credits (GIEK) and/or one or more acceptable financial institutions. The guarantors will issue loan guarantees in favour of Export Credit Norway after they have conducted a favourable credit assessment of the project and the borrower.

4 The loan agreement

After the guarantors have made their guarantee offer, Export Credit Norway drafts a loan agreement in consultation with all involved parties. This loan documentation will incorporate Export Credit Norway’s terms and conditions, as well as the terms and conditions set by the guarantors.

5 Disbursement

Export Credit Norway disburses the loan to the exporter subject to the terms and conditions in the loan agreement. Disbursement is made after the exporter has made part or final delivery of the agreed product or service to the buyer.

6 Administration

The relationship with the borrower is administrated by Export Credit Norway throughout the entire loan period. The buyer repays the loan to us.

What do I need to know?

Below you will find complementary information- both on what we can offer and what we ask of exporters and buyers.

Finance your purchases from Norway! Export Credit Norway offers medium and long-term loans on competitive terms.

  • Gain access to attractive, stable funding from the Norwegian Government irrespective of market conditions
  • Free up credit from your local banks for other financing needs, such as overdraft facilities
  • Choose between favourable fixed or variable interest rates
  • Credit for periods of up to 18 years
  • Borrow up to 85 percent of the value of the export contract
Read more

Loans from Export Credit Norway must be guaranteed by the Norwegian Guarantee Institute for Export Credits (GIEK) and/or financial institutions. This means that the guarantors will compensate Export Credit Norway for any losses arising in a situation where the borrower is unable to service the loan.

The borrower will need to pay a guarantee premium to the loan guarantors in return for their assumption of this risk. The guarantors must have a long-term credit rating of at least BBB, and be approved by Export Credit Norway.

Read more

Export Credit Norway offers financing for up to 85 percent of the contract value (80 percent of the contract value for ships and ship equipment).

Exporter or borrower must apply for export financing before signing the contract. Financing is linked to deliveries from companies in Norway or from Norwegian subsidiaries abroad. Other elements that promote Norwegian interests and Norwegian value creation are also considered as part of the assessment.

Read more

The timeline from the application of financing to the disbursement of the loan depends on multiple factors, including the complexity of the project, legal conditions in the customer’s (borrower’s) home country, the borrower’s creditworthiness and the requirements and terms imposed by the guarantors.

The guarantors’ credit assessment of your customer, the negotiation of the loan agreement and the collection and completion of the loan documentation are the most time-consuming steps in the loan process.

The loan is disbursed at the same time or right after you have delivered your goods or services to the customer. Export Credit Norway strives to process loans as efficiently and quickly as possible.

Export Credit Norway’s loan documentation comply with recognised international standards.

The loan agreement will contain our general terms and conditions, as well as terms and conditions set by GIEK/the guarantors for each individual loan transaction.

See examples of documents we may request in the process.

Read more

Borrower must reimburse Export Credit Norway for any external legal advice and other expenses connected to the establishment of the loan.

Export Credit Norway and the guarantors may also charge various fees, such as an agency fee and commitment fee. This is common market practice in connection with the establishment of loans of this type.

Export Credit Norway follows the international OECD Arrangement on Officially Supported Export Credit. The arrangement applies to capital goods and related services with a repayment period of at least two years. This means that we cannot provide financing for  raw materials and consumables.

The OECD arrangement also governs matters such as the interest-rate level and loan period.

Read more

Rates

Choose between two interest rate alternatives:

CIRR rates

The interest rate for CIRR-loans is set by the OECD once a month.

Market rates

The pricing of market loans is linked to a reference rate (LIBOR) plus a margin.

Apply for export financing

Succeed abroad with Norwegian financing

Our customers come from all over the world, and purchase everything from ships and subsea technology, to solar parks, hydropower turbines and design services. We deal with the entire loan application process, including commitment, disbursement and monitoring of loans.

Contact us today

  • 22 31 35 00
  • kontakt@eksportkreditt.no
Apply here I wish to be contacted