MeAssist

MeDirect’s COVID assistance package in collaboration with the Malta Development Bank (MDB), duly supported by the Ministry of Finance.

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 TYPEMAX LOAN AMOUNTADDITIONAL AMOUNT, SUBJECT TO MDB APPROVAL
SMEs€2,000,000€10,000,000
Large Corporates€5,000,000€25,000,000

The loan amount depends on a number of factors including the business turnover for 2021 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 30th June 2022.

Product Features

Further details on the MDB COVID-19 Guarantee Scheme can be viewed from MDB’s website. Click here for more information.

Eligible Costs

Eligible costs which can be financed under MeAssist include:

Contact Us

If you consider your circumstances to be eligible under MeAssist, please contact your Relationship Manager or send us an email on lending@medirect.com.mt.

 

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.

Login

We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.