Banks grant entrepreneurs deferment of interest and loan repayments

Loan

Several banks have announced to spare smaller entrepreneurs

Smaller businesses that are fundamentally sound will be granted a maximum six-month grace period on their current loans of up to EUR 2.5 million. These are customers of ABN AMRO, ING, Rabobank, Volksbank and Triodos Bank.
This measure is intended to give smaller enterprises some air and is intended as an addition to the emergency package adopted by the Cabinet. In April to September inclusive, no redemption or interest payments will be collected for these companies. They can pay these instalments later. Some banks will still collect interest payments though.

Larger businesses

The banks are still discussing measures for larger businesses, with financing in excess of EUR 2.5 million

Consumers

The banks also say they want to help consumers who temporarily have less financial room to pay mortgage costs, for example, due to loss of income. The NVB calls on these people to approach their banks: ”Banks offer tailor-made solutions so that the best suitable solution is offered for every customer situation”.

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