The Belgian Minister of Finance, the National Bank of Belgium and
Febelfin (the Belgian federation for the financial sector) have
reached an agreement on the measures to help companies cope with the
This has been set down in the ‘business loan repayment holiday scheme’ and means that banks will in certain cases defer loan repayments.
For more information, please go to the Febelfin website.
Who is eligible for a repayment holiday?
The special measure referred to above is intended for healthy businesses that are currently having difficulties making loan repayments due to the coronavirus outbreak.
A repayment holiday can be requested by non-financial companies, SMEs, the self-employed and non-profit organisations that meet each of these 4 criteria:
- The company/organisation is faced with payment problems due to the coronavirus crisis:
- Turnover or business activity has
fallen or will fall;
- Measures for temporary or permanent unemployment have been fully or partially introduced;
- The government has ordered the company to close as a measure to contain the spread of the coronavirus.
- The company/organisation is permanently established in Belgium.
- The company/organisation had no arrears on its current loans or in relation to its tax liabilities or social security contributions on 1 February 2020, or the company had less than 30 days arrears on its current loans or in relation to its tax liabilities or social security contributions on 29 February 2020.
- The company/organisation has met its contractual loan obligations with all banks in the 12 months prior to 31 January 2020 and is not subject to active forbearance measures.
Public authorities cannot apply for a loan repayment holiday.
If you have an investment credit, you can request a repayment holiday for a maximum of six months, ending no later than 31 October 2020.
For applications that have been submitted between now and 30 April
2020, the arrangement will run for a maximum of six months and will
not continue after 31 October 2020. For applications made after 30
April 2020, the date the arrangement ends is likewise 31 October
How to apply for a repayment holiday
In most cases, we can temporarily
suspend repayments of principal on your business loan for a
maximum of six months. This means that no principal repayments will be
debited, for instance, either from April 2020 through September 2020
or from May 2020 through October 2020.
The interest due will still have be paid though.
At the same time, the term of your loan will also be extended. As a result, the amount you regularly pay back will remain the same (principal plus interest) when you start making repayments again. The term of the loan will be extended by the length of time the repayment holiday lasts.
On 6 April 2020, you applied for a repayment holiday for a credit with an outstanding credit amount at the time of 23 164 euros. Your monthly repayments amount to 2 127 euros. During the repayment holiday, you continue to pay interest on the outstanding credit amount.
|Current repayment schedule||New repayment schedule|
Initial credit amount
|50 000 euros||50 000 euros|
|Outstanding credit amount as at 31 March 2020||23 164 euros||23 164 euros|
|2 127 euros||2 127 euros|
|Periodic repayment during suspension period (8 April 2020 - 7 October 2020)||
2 127 euros (= capital + interest)
38 euros (= interest only)
|Periodic repayment after suspension period||2 127 euros||2 127 euros|
|Total interest over the entire term of the loan||1 048 euros||1 280 euros|
In exceptional cases, it will not be possible to put the principal
repayments on hold or to extend the term of your loan, even if you are
eligible for a repayment holiday. In that case, we will contact you to
discuss an alternative solution.
Costs involved with the repayment holiday
This arrangement will not attract any charges. However, interest will
be charged (at the current rate) during the repayment holiday.
To apply for a repayment holiday for your
KBC Investment Credit, complete the online
form at the bottom of this page.
You will receive a confirmation e-mail from us as soon as we’ve received your application.
If you would like to enquire about the possibilities for a repayment holiday for another type of business loan, feel free to get in touch with your contact or KBC Live.
Points to note
- This application must be submitted at least two banking days before the following due date. For example, if your next due date is 30 April, you must submit your application by 28 April.
- It is not possible to combine investment credits from different companies in the same application; a separate application must be submitted for each company number.
- A repayment holiday can only be obtained for future
- The applicant must be a legal representative of your company.
- Corporate clients are kindly requested to contact their branch instead of using the application form.
Before getting started
Have the contract number(s) for your investment credit(s) to hand
before completing the application form below.
You can find these numbers in our digital apps or in your credit contract.
You use KBC Touch:
You will find the contract number in your investment credit details
- Open Touch
- In the corporate section, tap ‘Credits’
- Select the relevant investment credit
You use KBC Business Dashboard:
- Open the Business Dashboard
- In the menu at the top of the screen, select ‘Finance’ to retrieve your credit overview
- Select the relevant file to retrieve your contract number
It is currently not possible to retrieve an overview of your corporate credits in KBC Mobile.
You don’t use our digital apps
You can find the number for your investment credit(s) in your