Import Financing
Loans aimed at financing imports and/or the advanced payment (*) of imports of unused goods, in foreign or local currency.
Benefits
- The possibility to have a term of payment longer than that agreed with the foreign exporter.
- For the exporter using imported raw materials and inputs, the possibility to defer the payment thereof until the collection of the proceeds of the export of goods.
- Transparent interest rates.
- Interest rates rebates, according to the type of risk.
Users
Natural or legal persons having a credit relationship with BNA who need financing for their imports implemented through import letter of credit, import collections or transfers abroad. The guarantees required shall be determined in each case.
Characteristics of the Loan
The financial support may reach up to 100% of the FOB, CFR, CIF value or their equivalent for other means of transport, provided that, in the last two cases, insurance and freight are paid abroad.
The financing terms vary according to the type of product:
- Capital goods: up to 5 years. For financing in foreign currency, the term is up to 2 years.
- Durable consumer goods: up to 2 years.
- Semi- durable consumer goods and Oher goods: up to 1 year.
In both cases, financing may cover up to 100% of the FOB or CFR or CIF value or their equivalent for other means of transport, provided that, in the last two cases, insurance and freight are paid abroad.
Requirements
- To have a credit relationship (having a previous credit rating to operate).
- The import shall be implemented through import documentary credit, import collection or transfer abroad.
- Guarantees at BNA’s discretion. The company’s rating and the transaction amount shall be taken into consideration.
BNA Import Financing in Foreign and Local Currency
| Foreign | Local Currency | |
|---|---|---|
| Credit Line | Import Financing in foreign currency (US dollars or Euros).(1) | Import Financing in local currency (Argentine Pesos).(1) |
| Users | Natural or legal persons having a credit relationship with the Bank registered with the Registrar of Exporters and Importers of the DGA-AFIP. | |
| Target | A. Investment in Fixed Assets: It covers the financing of Import of foreign unused goods (including durable consumer goods or capital goods). B. Working Capital: It includes import of foreign unused goods (durable consumer goods, inputs or semi-durable consumer goods) including temporary imports and financing of advanced payment of goods. |
|
| Support | Up to 100% of the FOB, CFR, CIF value or their equivalent for other means of transport, provided that, in the last two cases, insurance and freight are paid abroad. | |
| Term | - Capital goods: up to 2 years. With a grace period of 180 days. - Durable consumer goods: up to 2 years. - Semi- durable consumer goods and Other goods: up to 1 year. |
- Capital goods: up to 5 years. With a grace period of 180 days. - Durable consumer goods: up to 2 years. - Semi- durable consumer goods and Other goods: up to 1 year. |
| Guarantee | To be determined in each case and at the Bank’s discretion. | |
| Cancellation | Bimonthly, quarterly, four-monthly or biannual repayment terms. | |