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Solutions and advice in case of payment difficulties

About grace period

If your company is experiencing difficulties in meeting its financial obligations, please contact us as soon as possible so we can find a solution together.

Our business customers can generally apply for a six-month grace period in the event of temporary payment difficulties. It is possible to defer loan and lease principal payments (except for operational lease for passenger cars). Grace periods are subject to the fees specified in the price list; the terms and conditions of your contract may change.

If you have used a grace period and your company is still having difficulty meeting its loan obligations, please contact us to find the best solution to support your sustainable business activities.

Apply for grace periodBook a consultation

It is important that you apply for grace period before being late with your loan or leasing payments.

  • You can apply for the grace period through the internet bank.
  • The grace period applies to the repayments of loan or leasing principal; interest payments remain due every month.
  • As a rule, you may apply for a grace period of 6 months for the principal and, if needed, an extension of the contract deadline by 6 months. We do not offer a contract extension in the case of an operational lease for passenger cars.
  • The deferred principal amount will be distributed across the remaining loan period.
  • Could a longer payment schedule serve as an alternative to the grace period?
  • What are your financial needs and for how long will your existing buffer hold out?
  • What have you done or are planning to do to reduce costs? E.g. reaching agreements on reduction of rental payments, cutting salaries, establishing alternative sales channels etc.
  • To what extent is the owner willing and able to support the company?
  • If possible, ask your suppliers for extension of payment deadlines.
  • Assess whether your stocks are optimal in the current situation.
  • Consider offering better prices to customers with the aim of reducing stocks.
  • Apply for grace period with all your financers.

Grace period for loan/leasing principal

Grace period for loan/leasing principal may help, if the company is experiencing temporary reduction of cash flow. The length of the grace period for loan/leasing is 6 months. During this time, you do not have to make principal repayments, interest payments are still due. As a rule, grace period cannot be prolonged.

Prolongation of contract

Prolongation of contract may help, if the reduction the cash flow is of permanent nature. Prolongation of contract means that your monthly repayments will be smaller but the full repayment of the loan or leasing will take correspondingly longer.

If your payment behaviour so far has been acceptable, you have a plan for the difficult times and are in need of short-term working capital, we can propose different options:

You can apply for financing of new investments after the end of the grace period.

Please note that a grace period beyond 6 months will influence the company’s credit rating and can make it difficult for the company to obtain bank financing in the future.

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