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Questions fréquentes
Campaign loan
How is the amount of a campaign loan determined?
The amount of the loan is based on forecasts from the company which will draw up a cashflow plan, taking stock of income and expenditure month by month, to determine the negative cashflow balance. How it is used depends on the campaign plan.
Will I be asked for guarantees ?
The guarantees to be provided are defined on a case-by-case basis
In which case should I opt for a Campaign loan?
A campaign loan is used for seasonal business activity e.g.: the letchi season
How do I repay a campaign loan?
Repayment depends on your repayment schedule.
How is the amount of a campaign loan determined?
The amount of the loan is based on forecasts from the company which will draw up a cashflow plan, taking stock of income and expenditure month by month, to determine the negative cashflow balance. How it is used depends on the campaign plan.
Advance on invoice
What do I need to do to get an Advance on Invoice?
For an Advance on invoice, you can contact your account manager with the documents to be provided.
What is an Advance on Invoice?
An Advance on Invoice is a short-term loan granted by the bank to a business that has one or more final invoices (without reservation), for work or services already invoiced
Is there a limit on the amount of the invoice when applying for an Advance?
The maximum amount is set on a case-by-case basis
Can I get an Advance on Invoice if my client is resident abroad?
No.
When do I have to repay an Advance on invoice?
Repayment must be made as soon as the invoice is paid by the project manager, in a single payment and at the latest within 6 months from release of the Advance.
Cash advance on offset rights
Is there a limit on the amount of the Advance?
The maximum amount is set on a case-by-case basis
Who can certify offset rights?
A certificate attesting offset rights can be provided by project managers of a public or private contract.
What is an Advance on offset rights?
An Advance on offset rights is a short-term loan granted on producing a certificate of rights established to compensate for delay in the actual settlement of a public or private contract.
Can I repay in installments?
No.
When do I have to repay an Advance on offset rights?
Repayment must be made as soon as the invoice is paid by the project manager, in a single payment and at the latest within 6 months from release of the Advance.
Advance on pledged invetory
What is the repayment period for an Advance on pledged inventories?
Repayment is limited to a maximum of 3 months
Will the Bank agree to give me an Advance on pledged inventories if my stock is stored in a remote location?
Yes.
Are there restrictions on the kind of inventories pledged?
Yes. e.g.: Perishable produce
Can I extend repayment of an Advance on Pledged Inventory
YES but on a case-by-case basis.
How are repayments made for an Advance on Seasonal Inventories?
The repayment schedule is defined with the customer based on their sales forecast or even orders. It can be replaced by documentary credits or assignment of foreign receivables from exports.
Authorized overdraft
Do I have to repay the overdraft with a single payment?
An Authorized Overdraft is repaid with a single payment when the expected funds arrive.
What is the minimum amount I can receive under an authorized overdraft?
The amount is determined according to your needs but still on a case-by-case basis.
What are the conditions on getting an Authorized Overdraft?
To have had a BNI current account for at least 6 months.
Is the time period for an Authorized Overdraft negotiable?
If there is any repayment issue, contact as soon as possible your account manager who will advise you on what steps to take
When should I opt for an Authorized Overdraft instead of a Cashflow Facility?
An Authorized Overdraft lets you put your account in debt for a short period, pending the arrival of specific funds, e.g. an Invoice
Commercial discount loan
Is there a limit on the amount of the discounted draft?
There is no set limit, each customer is studied on a case-by-case basis.
Commercial discount loan What are the conditions to qualify for a loan on commercial bills?
To have had a BNI current account for at least 6 months.
Can I cancel a draft that has already been discounted before it expires?
Yes
Will the Bank agree to discount a draft close to its maturity date?
Yes. Bank charges are calculated for a minimum of 10 days on local bills and for 20 days on off-site bills.
Will the bank agree to discount my bills even if my client does not have an account there?
Yes, but the bank reserves the right to ask the customer for business information.
Cash flow facility
Am I free to choose the amount I want under a cashflow facility?
The amount of a Cashflow Facility is determined on a case-by-case basis, after a preliminary study carried out by the Bank.
What do I need to do to get a Cashflow Facility?
To apply for a Cashflow Facility, you can contact your account manager with the application and required supporting documents
What are the criteria to qualify for a Cashflow Facility?
Customers can get a Cashflow Facility if they have had a current account for over 6 months, with regular transactions on the account
Can I get a Cashflow Facility if I am still paying off a loan?
YES but on a case-by-case basis