Lombard Bank
Covid19

COVID-19 Assistance to borrowing customers

Mindful that this outbreak stands to result in negative financial consequences on its customers, Lombard Bank has introduced the following measures:


Business


COVID-19 Working Capital Loan

To further our commitment in assisting business customers with cashflow requirements we will consider applications for working capital loans, at beneficial terms, under the Malta Development Bank (MDB) COVID-19 Guarantee Scheme (click here  for MDB website) as follows:

Costs eligible for working capital loans include:

• Wages and salaries;
• Lease payments on business property;
• Unpaid invoices in respect of working capital;
• Purchase of stocks and material.
• Maintenance costs.

Eligibility 

SMEs and Large Enterprises registered and operating in Malta are eligible to apply.

Amount and term of the Loans

Loan amounts range:

• Up to €10 million for SMEs;
• Up to €25 million for Large Enterprises.

Loans will be repaid over periods of up to four years which may be extended up to six years.

While terms and conditions apply, each request will be treated on its own merits.

For further details please contact our Commercial Credit Dept. on email credit@lombardmalta.com

Personal

 

Lombard Bank will also assist those of its Home Loan customers whose income may be negatively affected by the COVID-19 pandemic.

Customers who may face difficulty in meeting their repayment programme, will be granted a twelve-month moratorium on 80% of the monthly Home Loan repayment.

No fees will be chargeable but conditions may apply.

Customers who wish to avail themselves of this moratorium are invited to email:  homeloans@lombardmalta.com and we will get back to you.