State guarantee fee for guaranteed loans:

1. pricing = EU minimum of 50 or 100 basis points on an annual basis according to the duration of the credit (whether or not exceeding 36 months)
2. pro rata according to the term of the loan, due on the whole of the capital regardless of whether the loan was actually taken up in whole or in part
3. payable by the bank to the government; reporting by each bank

• line per line details of all qualifying loans granted since the date of entry into force of the Law, including those already repaid or terminated in whole or in part
• the Treasury calculates the premium on the basis of the reporting (maximum available capital x term, expressed in days, divided by 360 x premium)

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

A distinction should be made here according to whether or not the duration of the guaranteed credit exceeds 36 months:

• For a new additional loan or credit line with a maximum maturity of 36 months: the nominal maximum interest is 2% (excluding the “fee”). The fee comes to 50 basis points pro rata according to the term of the loan.
• For a new additional loan or credit line with a with a maturity of more than 36 months and maximum 5 years: the nominal maximum interest is 2,5% (excluding the “fee”). The fee comes to 100 basis points pro rata according to the term of the loan.

The 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 50 or 100 basis points (depending on whether or not the maturity of the guaranteed credit exceeds 36 months) is compulsory under the EU rules on State aid and is additional to the maximum interest rate of respectively 2% or 2,5%.

Yes. The guarantee fee is also payable for guaranteed loans granted from the date of entry into force of the Law (24 July 2020) and repaid before 31 December 2021.