Investment
If your company is about to make a long-term productive investment, this is the line.
BICE´s term
Of up to 15 years, with two-year grace period.
BICE’s rate
With special conditions for SMEs.
Specialists in productive investment
We focus on the project and the client’s needs.
Financial conditions
-
Beneficiaries
Credit petitioners must be individuals with real domicile in the Argentine Republic or legal persons domiciled in the Argentine Republic or having a branch or any kind of permanent agency in the Argentine Republic.
-
Objective
To finance investment projects and to acquire movable capital assets, recordable or not, in the framework of an investment decision, destined to different economic activities within the productive sectors of goods and services. It also includes the financing of productive restructuring and modernizing projects of different economic sectors that improve the competitiveness in domestic and foreign markets.
-
Amount to Be Financed
Up to eighty percent (80%) of total amount of each project, VAT excluded.
-
Maximum Amount to Be Financed
SMEs: The highest credit amount to be granted to a company or economic holding is 80 million pesos ($ 80,000,000) or, the equivalent in dollars.
Non-SMEs: The highest credit amount to be granted to a company or economic holding is two hundred million pesos ($ 200,000,000) or the equivalent in dollars.
-
Currency of the Loan
Pesos or Dollars.
-
Interest Service
In constant periodic payments, every six months as maximum.
-
Interest Rates
SMEs: Loans in Pesos: it will be variable, made up of Badlar Private Banks rate plus a margin of 450 basic points, with a fixed rate cap of 22%. Loans in Dollars: Libor Rate plus the spread determined in each case. (*).
Non-SMEs: Loans in Pesos: “Badlar Private Banks rate” plus the spread fixed by the BICE in each case. (**). Loans in Dollars: Libor Rate plus the spread determined by the BICE in each case. (***)
-
Guarantee
At the BICE’s satisfaction.
-
Maximum Credit Term
Loans in pesos: up to 15 years. Loans in dollars: up to 10 years.
-
Grace Period
Up to 2 years.
-
Repayment System
French or German.
-
Repayment Frequency
In constant periodic installments. Every six months maximum only when the production cycle of the company justicies such decision, at the BICE’s criteria.
-
Advance Cancellation
The beneficiaries may cancel the credit, wholly or partially, at any time. In such a case, it must give irrefutable notice to the BICE at least 5 five working days before the desired date of advance cancellation.
CFT*
23.27% SMEs in pesos27.97%Non-SMEs in Pesos7.24%In Dollars
(*) For 60-month loans of 5,000,000 pesos with one-year grace period. The pertinent Total Financial Cost (CFT in Spanish) estimations were made based on the lowest rate between “Badlar Private Banks” rate + Spread and fixed rate of 22%. The French system was used to estimate the Total Financial Cost. Tax applied in the example: Badlar Priv. June 2017 Average = 19.8095%
(**) For 5-year loans of 5,000,000 pesos with one-year grace period. The pertinent Total Financial Cost (CFT in Spanish) estimations were made based on the lowest rate between “Badlar Private Banks” rate plus a fixed margin of 450 basic points (estimatation made for a B-category Enterprise). Taxes are not included. The French system was used to estimate the Total Financial Cost. Tax applied in the example: Badlar Priv. June 2017 Average = 19.8095%.
(***) For 5-year loans of 500,000 pesos with one-year grace period. The pertinent Total Financial Cost (CFT in Spanish) estimations were made based on the Libor rate plus a fixed margin of 500 basic points (estimatation made for a B-category Enterprise). Taxes are not included. Tax applied in the example: Libor June 2017 Average = 1.4323%.