Economic package towards SMEs and Individuals affected by Covid-19

Who are eligible for loans? What is the package? Interest rates calculator How we can help?

The finance is based on SMEs • Assisting your company in preparing

SMEs (KNF or otherwise),
portfolios managed by IBK Client’s cash flow Individuals
the accounting records for the previous
and other statement as calculated by KNF & other financial periods according to the
the bank. The amount to be Year IBK
individuals/companies, banks accounting principles and rules.
which have been affected used for covering
expenditure such as • Assisting your company in preparing
by Covid-19. SME fund 80%=
2.5% fully 2.5% fully
payroll, rentals etc. No interest the cash flow projection for the
borne by the borne by the

2.5%
1
--
State’s State’s
upcoming periods.
Banks 20% =
2.5% borne by the
General General • Helping you in preparing the loan
SMEs (except IBK Budget Budget
KNF Clients state application following your bank
clients) have to submit requirements.
their application through SME fund 80%= 2.5% equally
2.5% fully
an electronic portal No interest borne by the
borne by the
created by the bank. -- State’s
2 State’s
20% Banks 20% = General
Interest/profit rate Banks 2.5% borne by the
General
Budget and
Contacts
Budget
state the client
Bhavesh Gandhi

1-3
Partner – Head of Financial Services
SME fund 80%= 2.5% equally M: +965 9723 6878
80% KNF
No interest borne by the E: bgandhi@kpmg.com
2.5% fully
-- State’s
3 borne by the Ankul Aggarwal
Banks 20% = General
client Partner – Head of Deal Advisory
2.5% borne by the Budget and
M: +965 5044 4964
state & the client the client
The financing is jointly E: ankulaggarwal@kpmg.com
conducted by KNF (80%)
Years of Essam Ahmed
and the bank (20%) KNF cannot charge any commission, fees
repayment Director– Accounting Advisory Services
period or interest/profit for the financing. M: +965 9727 4479
E: essamahmed@kpmg.com

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