Garanzia Italia is for valuable consideration*, with the payment of advance annual commissions, calculated on the residual guaranteed amount at the end of each calendar quarter, to a reduced extent for SMEs.
Starting from March 1, 2021, SACE is also authorised to issue free guarantees exclusively in favour of Mid Cap (companies other than SMEs with a number of employees not exceeding 499) with the same methods provided for by the Central Guarantee Fund, for a maximum amount guaranteed of 5 million euros, taking into account the residual guaranteed amount of any loans backed by the guarantee of the Central Fund.
(*) Guarantee fees. For SMEs: 25 basis points for the first year, 50 basis points for the second and third year, 100 basis points for the last 3 years; for other companies (Mid Cap and large companies): 50 basis points for the first year, 100 basis points for the second and third year, 200 basis points for the last 3 years.
Advertising message for promotional purposes. For the contractual and economic conditions of the Mortgages backed by the SACE Guarantee, please refer to the information sheets available in the Transparency section of the website www.bancaifis.it.