Concept
Financing operation with payment in installments, for the purchase of consumer durables, vehicles, etc.

Financed Portion
Maximum of 80%.

Goods Financed
New or used consumer durables.

Terms
Normally up to two years.

Minimum of 30 days, maximum according to loan policy and market conditions.

Collateral
Collateral signatures from partners and spouses with shareholder control plus chattel mortgage of financed good.

Financial Charges
Financial charges are prefixed or postfixed, according to market conditions.

Taxes
Financial Transactions Tax (IOF) at 0.0041% per day on balance financed.

Tariffs
Tariffs are not levied.

Payment of Installments
Installments may be paid through direct debit or EFT.

Advantages for the client
• Financing of consumer durables without impacting company cash flow.
• Discounts on cash payments.
• Financing on terms to suit customer's cash flow.
• Competitive market rates.