MeDirect is willingly participating in the MDB’s Guarantee Scheme to support its corporate customers. In these trying times, the Bank has already offered different arrangements to its corporate and retail borrowing customers to assist them in their working capital and operational requirements which were brought about by COVID-19 market disruptions. These have so far included capital and interest moratoria, temporary overdraft facilities and easing of financial covenants, amongst others.
Our objective remains to support our customers to surpass these abnormal conditions.
MeAssist allows eligible corporate customers to apply for a working capital facility in the form of a loan, with the amount dependant on the size of the entity as per table below:
|Business Type||Max Loan Amount||Additional Amount, subject to MDB Approval|
The loan amount depends on a number of factors including the business turnover for 2019 and the total salary costs.
All applications are subject to the Bank’s standard lending criteria and final approval from the Bank.
MeAssist remains available until 31st December 2020.
If you consider your circumstances to be eligible under MeAssist, please contact your Relationship Manager or send us an email on firstname.lastname@example.org.
The MeAssist Scheme benefits from the support of the MDB COVID-19 Guarantee Scheme launched by the Malta Development Bank through the provision of a Bank Guarantee for €350,000,000, covered by a Government guarantee issued by the Ministry of Finance.