Covid-19 Credit Guarantee Scheme
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As Facilities
A guarantee premium, payable to the government, will apply to all Covid-19 CGS loans. It represents the cost to the government of providing the 80% guarantee to participating lenders.
This premium is payable in addition to your loan repayments. We will collect it quarterly by direct debit and pass it on to the Department of Enterprise, Trade and Employment (DETE):
| SMEs | Duration of Credit | 1 year | 2 Year | 3 Year | 4 Year | 5 Year | 5 ½ Year |
|---|---|---|---|---|---|---|---|
| Rate % | 0.15 | 0.26 | 0.29 | 0.50 | 0.61 | 0.68 | |
| Small Mid-Cap | Duration of Credit | 1 year | 2 Year | 3 Year | 4 Year | 5 Year | 5 ½ Year |
| Rate % | 0.30 | 0.63 | 0.73 | 1.19 | 1.40 | 1.55 |
