Cash credit
- Overdraft facility: An overdraft facility is a one-off debit authorisation attached to the customer’s professional or business CAV, to finance short-term cash requirements. It enables you to be in debit for a few days each month.
- Overdraft: An overdraft is an authorisation to debit an account to cover a one-off cash requirement, defined over a period set in advance (generally less than or equal to 12 months). This authorisation must be based on a forecast credit flow; a proven (justified) cash inflow.
Consumer and property loans
Consumer credit/Equipment credit:
This is a loan granted to customers and prospective customers to finance a life project or a specific asset.
It is an amortising loan that is repaid by constant instalments taken from the customer’s CAV. It is compulsory to take out death insurance to cover at least 100% of the capital borrowed.
Crédit Immobilier classic:
A home loan is a loan granted to customers and prospective customers to finance their plans to build, acquire or renovate residential property (including the purchase of land).
Property loans are generally backed by a mortgage.
Repayment is made by monthly deductions from the customer’s CAV, in accordance with pre-agreed terms and conditions. It is compulsory to take out death insurance to cover at least 100% of the capital borrowed.
7-year mortgage loan:
CREDIT IMMOBILIER 7 ANS is a loan granted to BICIM customers to finance their construction, acquisition or renovation projects for residential property (including the purchase of land).
The special feature of this offer is that no mortgage is required.
Repayment is made by monthly direct debits from the customer’s current account, according to pre-determined terms and conditions.
