KKC scheme live; first one hundred contracts sent by New10
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There’s a new agreement at European level for the Small Credits for Corona Guarantee Scheme (KKC). This means banks can start implementation.
ABN AMRO’s subsidiary New10 is handling all KKC applications that arrive at ABN AMRO. The application and processing of the KKC loans is fully digital: from a definite answer within15 minutes to the drafting of the contract.
New10 made the KKC scheme available for application with effect from 8 May. This allowed New10 to send the first one hundred clients an offer for a loan agreement shortly after the scheme officially became active. The average loan amount for the first one hundred loans is EUR 37,500 at interest rates of 3-4%. More information on the KKC scheme application procedure is available at (Dutch only).