» Purpose

Financing, exclusively, through Accredited Financial Institutions, the acquisition of:

New equipment: trucks, chassis, tractor-trucks, wagons, lorries, towings, semi-towings, including the dolly type therein, duly registered in the relevant traffic authority, tanks and similar and bodies for trucks, which are filed at BNDES;

Second-hand equipment: trucks, chassis, tractor-trucks, trailers, tractor-trailer, towing vehicles, semi-towing vehicles, including those of the dolly type, duly registered in the relevant traffic authority, tanks and similar and truck bodyworks (*) that, in the year of application for BNDES financing have completed up to 15 (eight) years of usage from their manufacturing year; 

New tracking systems, which are filed at BNDES, when acquired with new and second-hand financeable equipment; and

Property insurance and moneylender insurance, when they are acquired with new and second-hand financeable equipment .

(*) The acquisition of used bodyworks, separately from motor units, shall only be financed when the seller is a legal entity. 

When accrediting the product, BNDES verifies only the manufacturer's productive process. Thus, the product accrediting with BNDES does not commit the institution to any responsibility for problems related to quality and/or operating technical performance of the related property.


» Clients

Individual entities resident and domiciled in Brazil, from the roadway cargo transport sector; 

Individual entrepreneurs, from the roadway cargo transport sector; 

Micro enterprises, from the roadway cargo transport sector;

Commercial Lease Companies or Banks with Commercial Lease Portfolio, duly registered with the Central Bank of Brazil and accredited with BNDES, provided that the lessee is an independent truck driver (individual) or an individual entrepreneur or micro enterprise, from the roadway cargo transport sector. 


» Interest rates

Operations with fixed interest rates: 4.5% p.a., including the financing institution spread. 

Operations with variable interest rates: Financial Costs + BNDES Spread + Accredited Financing Institution or Lessor Spread


Financial Cost

• Long-Term Interest Rate - TJLP;
• TJ-462 - Interest Rate set forth in Provisional Measure Nº. 462 = Long-Term Interest Rates + 1.0% p.a.; and
• Currency Basket.


BNDES Spread

1% p.a.


Accredited Financing Institution Spread

Up to 6% p.a.


» Level of Participation

Up to 100% of the price of the good.

In the case of leasing, the BNDES' participation will be up to 80% of the price of the good.


» Term of Loan 

The grace and repayment periods will be defined according to the payment capacity of the client and the business group to which the lessee belongs, provided that the maximum maturity of  96 months is not exceeded. The grace period should extend either 3 or 6 months. For leasing operations, no grace period applies.

In fixed interest rate operations, the grace period, when applicable, shall be of 3 or 6 months. During the grace period, there shall be no payment of interest, which shall be quarterly capitalized. During the amortization phase, interest shall be paid monthly, jointly with the amortization amounts. 

In variable interest rate operations, the grace period, when applicable, shall be necessarily 3 month multiples. During the grace period, interest shall be paid on a quarterly basis. In the amortization phase, interest shall be monthly paid, jointly with the amortization amounts. 


» Guarantees and Collaterals 

Negotiated between the accredited financial institution and the client.

See: Collaterals

In case of leasing, the guaranty consists of pledge, to BNDES, of the credit rights represented by the leasing agreement.


Special Conditions

It is accepted the support of more the one financeable item by beneficiary/lessee.

The autonomous load carrier shall evidence his/her enrollment at National Registration of Roadway Load Carriers - RNTRC.

In case of second-hand bodies for trucks, which are acquired aside from the motor units, their acquisition shall be duly evidenced upon Invoice.

The registration is for free and issued by National Agency of Ground Transportation - ANTT (Phone: 0800-610300).

Through the service www.antt.gov.br/rntrc/consulta.asp, it is possible to consult the registration of carriers who are already licensed by ANTT to carry out the roadway transportation of load, on national territory.


» Application

Go to the accredited financial institution, bearing the technical specification (budget or technical-commercial proposal) of the property to be financed. The institution will inform the documentation needed, analyze the credit granting possibility and negotiate the guarantees. After approved by the institution, the operation will be addressed for homologation and subsequent release of funds by BNDES.


» Expiration Date 

June 29th, 2010, subject to the budget limit set for the program.


» Related subjects 

FINAME 
FINAME LEASING