The global spread of the COVID-19 pandemic has had a significant impact on the business operations of those involved in the economy.
SaarLB is aware of the difficult situation in which many of our customers find themselves. To the extent permitted by regulatory law, they want to help their customers overcome the current challenges.
Now that legislators have adopted support measures for consumers, the Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken e.V., vdp) has drafted a moratorium on commercial real estate finance principal repayment deferrals (vdp Moratorium Repayment 3.0) at the initiative of its member institutions. SaarLB supports this initiative and was one of the first institutions to join the moratorium.
What does that mean to you?
If you meet the requirements of the moratorium and are interested in deferring your principal repayment obligations under the loan agreement, you can apply to SaarLB for a deferral. The deferral is valid until 31 December 2021, but for a maximum of nine months. If you have already been granted a deferral under the moratorium in the version applicable until 30 September 2020 (vdp Moratorium Principal Repayment 2.0) for the principal payments falling due by 31 December 2020, the deferral will be extended to the further principal payments falling due by 31 December 2021, but also to a maximum of nine months in total.
You only pay the contractual interest during the deferral period.
You can find the requirements in this application.
If you would like to apply for a deferral, please print out the application form, sign it and send it to us as an original or scan it and send it by email. Please attach any additional documents to support your information.
If a third party has provided collateral for your loan (e.g. surety, guarantee, land charge), we require the consent of the third party. To do this, please send them a copy of your application and ask them to sign this copy and send the original application to us. The consent of the third party is required for further processing of the application.
Please do not hesitate to contact us if you have any questions.
SaarLB France will help you to manage the difficulties which may arise from the development of the coronavirus epidemic and temporarily affect your business.
We pay particular attention to the impact of your individual situation in the most directly exposed areas of your business, and we will search in particular to find solutions that best meet your short-term financing needs.
Within this framework, we will apply different measures according to your needs and situation:
To benefit from these solutions, you are invited to contact our experts and consultants, preferably by email or telephone:
SaarLB is a primary institution of the KfW (German developmental bank) and can therefore apply directly for the existing and announced aid programmes.
As a Franco-German regional bank, we would like to be available to our customers, especially now, with our network and our specialist expertise. To ensure that we can continue to do so in the current crisis scenario, we have taken the necessary measures to safeguard our business operations.
Your contacts at SaarLB will work with you to find a customized solution for your situation.