Bankinter facilitates tax payments for companies and SMEs
The bank will finance the tax commitments of companies with proven solvency by means of a three-month loan at 0% interest.
Bankinter has launched a new financial product called a Tax Payment Loan designed for companies and SMEs that have to pay VAT, Personal Income Tax and Company Tax in July. With this credit, the bank offers companies an advance on their tax payments in order to guarantee them a smooth cash flow situation.
To be eligible for these loans, companies will have to demonstrate proven solvency based on a specific rating. Companies that meet those solvency requirements or that have been Bankinter customers for more than five years will have quicker access to this type of loan. Companies in the property development sector are excluded.
In terms of conditions, the interest rate is 0% and the repayment period is set at three months. In terms of amounts, the minimum loan offered by the bank will be 6,000 euros. Similarly, the procedure for amounts up to 30,000 euros will be more agile, as the intervention of a notary will not be necessary. Eligible companies will be able to pay off the credit monthly or on the maturity of the previously stipulated term.
Bankinter prioritises credit for companies and proof of this can be seen in the fact that it closed the first quarter of this year with an increase of 5.6% in loans to the sector, compared to the same period the previous year, reaching a total of 19,700 million euros. To this can be added the fact that, of the bank's total credit investment, almost 45% went to companies and SMEs, thus endorsing the institution's objective of contributing to the improvement of the business situation as part of a prudent policy of granting loans.
The corporate sector is welcoming the bank's commercial offer, as is reflected in the fact that it has achieved a quota of 4.8% in new operations with companies, above its average quota in this sector.