Dear Customers,
In order to mitigate the economic impact of COVID-19 epidemic on Italian fami-lies and small and medium size enterprises, Italian government recently published a number of economic support policies (more details information please visit http://www.governo.it/it/approfondimento/coronavirus/13968).
Our bank pay close attention to the current situation of the epidemic, and actively implement support policies published by Italian government. The personal safety and benefit of our customers are always our priority, we provide services and convenience to our customers, according to the existing support policies of Italian government and combine our business products we provide the information of “Suspension mortgage loan of first house for private customers” as well as “Suspension loan payment for small and medium size enterprises” as following:
I．Suspension mortgage loan of first house for private customers
1. Application conditions and documents:
If the applicant is self-employed or an independent contractor, it is obliged to provide a self-declaration. The self-declaration should include that the business is stopped or damaged by the emergency measures issued by the Italian government, causing the turnover after 21st February 2020 is decrease at least 33% compared with the last quarter of 2019.
If the applicant is employed, but in any of the following states due to the epi-demic a) is suspended from work at least 30 days, b) is reduced working hours 20% for at least 30 days, c) is terminated with employment contract, it is obliged to pro-vide certified documents issued by the employer. In addition, if the applicant belongs to other cases mentioned in Decree n. l132/2010, should provide relevant documents.
2. Application process
(1) The applicant submits the application form “Modulo suspensione rate mutuo prima casa” (see annex 1). According to the actual situation such as the period of re-duction work or effect of dismissal etc., the applicant should propose a suspension period (the suspension of repayment can only apply twice, and overall no more than 18 months). For self-employed or an independent contractor the application form must be submitted before 17th December 2020.
(2) The applicant submits the application form and documents which are men-tioned in point I to our bank’s e-mail address banking.it@bankofchina.com, or hand over the original documents to our bank.
(3) After collecting the customer’s application documents, according to the re-quirements of Italian government, our bank should submit all of the documents to CONSAP (Concessionaria Servizi Assicurativi, hereinafter to be referred as CONSAP) electronically for approval. CONSAP will reply whether accepts the appli-cation within 15 working days. (note: our bank could only forward the application documents submitted by the applicant, but do not have the approval authority, wheth-er the application can be approved depends on CONSAP's decision)
(4) Within 5 working days after received the final decision from CONSAP, our bank should notify the applicant the result of application. To whom are approved, our bank should give effect to the suspension within 30 working days, if it was a securit-ized mortgage or secured bank bond guarantee, according to the provisions of Decree 130/1999, within 45 working days.
II．Suspension loan payment for small and medium size enterprises
Please fill in the application form “Domanda di sospensione per aziende SME” (see annex 2), and submit to our bank’s e-mail address banking.it@bankofchina.com. We will contact you after receiving your application.
For any further information please don’t hesitate to contact us:
Tel: 0039-02-86473217 or 0039-02-86473208
Bank of China Milan Branch
23rd April 2020
Annex:
