Buyer credit

About the product

An offer of buyer financing to customers may be crucial to winning a contract

Long-term buyer financing from Eksfin is available to:

• international buyers, including Norwegian-owned companies abroad, that buy Norwegian capital goods and services
• developers of offshore wind farms on the Norwegian Continental Shelf
• Norwegian buyers of capital goods from Norwegian suppliers when the earnings of the capital good will be generated abroad (e.g., leasing/service financing)

Conditions and structure

Loans from Eksfin have a maturity of at least two years and are granted in cooperation with a commercial bank or equivalent financial institution. Fixed or variable interest rates are offered.

We can participate in a variety of financing structures by:

• offering loans where Eksfin bears a portion of the credit risk for the buyer
• providing guarantees with credit risk attached to the buyer for loans from another lender
• offering loans where a Norwegian or foreign bank guarantees the entire loan

Eksfin offers financing either on the basis of individual contracts or the total value of Norwegian deliveries to a project.

Generally, at least 30% of the contract’s content must be Norwegian, but a lower percentage of Norwegian content may qualify for financing upon assessment to determine whether the contract promotes Norwegian exports and value creation in a broader sense.

Financing and coverage ratio

Eksfin can offer financing for up to 85% of the value of the export contract. Eksfin can take up to 90% of the credit risk attached to the loan amount. Conditions and structure are assessed and decided on a case-by-case basis.

Eksfin shares risk with banks on the same conditions and requires agreements for loans and guarantees in line with market practices. The application of equivalent conditions means that Eksfin benefits from the same assurances as the bank does and at the same price.

Sustainability requirement

Eksfin expects companies applying for financing to adequately manage sustainability risks. We place considerable emphasis on environmental and social conditions throughout the value chain and the lifetime of goods. All companies must assess their own activities, supplier chain and business connections, regardless of sector and size.

View our sustainability requirements

Interest and maturities for long-term buyer financing

• View interest options.
• A 15-year maturity is normally offered.
• For climate-friendly projects that comply with the EU Taxonomy, we can offer a maturity of up to 18–22 years.
• The loan may be disbursed during the construction or delivery period on the prerequisite that the borrower and/or exporter has provided satisfactory security.

How to apply

Eksfin must receive a loan application before the export contract is signed. This requirement does not apply to guarantees. Nonetheless, we recommend that the exporter, buyer or bank contacts Eksfin at an early stage to discuss the need for financing. The application is non-binding and there is no fee.