State guarantee fee for guaranteed loans (not for deselected loans):

1. pricing = EU minimum for SMEs according the Belgian definition (25 basis points) and large corporates (50 basis points)
2. pro rata according to the term of the loan (if shorter than 12 months), due on the whole of the capital regardless of whether the loan is actually taken up
3. payable by the bank to the government; reporting by each bank
   1. line per line details of all qualifying loans granted since1 April 2020, including those already repaid
   2. the Treasury calculates the premium on the basis of the reporting (capital x term as a fraction of 12 x premium)

Further rules on the procedure for the payment of the fee will be defined by Ministerial Decree.

For a new additional loan or credit line under the guarantee scheme, the nominal maximum interest is 1.25% (excluding the “fee”). This fee comes to 25 basis points for SMEs and 50 basis points for large corporates pro rata according to the term of the loan (12 months). Such a fee is compulsory under the EU rules on State aid. The credit institution can also choose to charge a total interest to the customer, without specifying the part covered by the fee.

No. The fee of 25 basis points for SMEs and 50 basis points for large corporates is compulsory under the EU rules on State aid and is additional to the maximum 1.25% interest rate.

Yes. The guarantee fee is also payable for loans granted as of 1 April 2020 and repaid before 1 January 2021.