Commerzbank Provides Flood Victims with EUR 200 Million in Emergency Aid
- 22.07.2021 02:25 pm
Loan with a special interest rate of 0.01 percent pa
Up to 50,000 euros loan amount per private customer
Up to 150,000 euros loan amount per business customer
Individual solutions for corporate customers
Donation of 100,000 euros to "Aktion Deutschland Hilft"
Commerzbank supports its customers affected by the flood disaster with a special quota of over 200 million euros. A special interest rate of 0.01 percent pa is granted for this.
“It is important to us to help the affected people quickly and unbureaucratically. We are making available 200 million euros for the reconstruction of destroyed houses and infrastructures as well as for bridging liquidity bottlenecks. We can only master this enormous challenge together, ”said Manfred Knof, CEO of Commerzbank.
This is how the help for private customers looks like:
Commerzbank is available to its private customers with an almost interest-free loan and up to 50,000 euros each. The term is up to 84 months. The repayment is made in installments. In addition, free special repayments are possible at any time.
This is how the help for business customers looks like:
The offer for business customers and self-employed customers includes a loan with a term of a maximum of three years and a volume of up to 150,000 euros each. Entrepreneurs who take advantage of the offer can suspend repayment in the first year of the contract period. They also have the right to make free special repayments at any time. In addition, the consultants support you in applying for the funding programs of the federal and state development banks.
This is what the help for corporate customers looks like:
Commerzbank is also at the side of affected corporate customers in this extraordinary situation and works with customers to find individual solutions for any liquidity bottlenecks or to finance the reconstruction.
Affected customers can contact their advisor directly. The loan is made available after the legally required credit check. In response to the catastrophe, Commerzbank made a donation of 100,000 euros to the “Aktion Deutschland Hilft” initiative.