CaixaBank adheres to new ICO rules for compensation and DANA assistance

KaishaBank announced this Saturday his compliance with new ICO directions promoted by the central governmentwhich plans to mobilize 5 billion euros in loans to help those affected by DANA, the organization said in a statement.

Funding lines for individuals and businesses allow an organization to provide the necessary funding to repair damages suffered, and also extend the availability of emergency loans longer than originally planned, with emergency lines activated in the hours immediately following a flood.

The first two lines of the ICO are aimed at predicting the victims: individuals, self-employed workers, communities of owners and companies. assistance from government departments and insurance compensation, although they have not yet carried out an official assessment of losses.

In both cases, the amount will be indicative, in accordance with the terms of the policies and the losses incurred; will apply fixed interest rate of 0% per annum for individual clients for the first three monthsand from 2.5% per annum on loans for a period from three months to five years.

To process a financing request at CaixaBank, customers must submit a request for the compensation and government assistance procedure.

Once they receive them, their CaixaBank loan will be canceled without any cost if they do so within the first three months.

Companies

For my part, The third line of ICO is aimed at affected companies who carry out their main activities in the affected areas, provide them with liquidity and allow them to restore their activities by providing loans in amounts corresponding to the damage suffered and the economic capabilities of the company.

In addition, the organization has activated six mobile offices that serve residents of cities such as Paiporta, Algemesi, Adaya, Albal and Sedavi (Valencia), providing services such as cash withdrawals, requesting advances, managing a loan moratorium or processing insurance. in places where it is impossible to provide services in offices.