Interest Rate

For direct support: Financial Cost + BNDES Fee + Credit risk rate

For indirect support: Financial Cost + BNDES Fee + Financial intermediation rate + Accredited Financial Institution fee



Financial Cost

The financial cost includes one or more of the following indexes:

Long Term Interest Rate - TJLP;
Currency Basket charges plus US dollar or UMBNDES (BNDES Monetary Unit) variation;
US Dollar; and
National Extensive Consumer Price Index [IPCA], plus charges.

See: Applicable financial conditions in accordance with the financing lines


1. The UMBNDES or US dollar variation plus currency basket charges will be applied on applicable financial conditions percentage according to BNDES loan facilities, on operations with large-sized Brazilian companies with domestic ownership and foreign currency generation capacity, and IPCA variation plus charges on operations with companies not able to generate foreign currency.

2. For Brazilian companies with foreign majority shareholding not covered by Decree nº 2233, of May 23, 1997, and further amendments, the financial cost will be 100% in currency basket.  


BNDES Spread (Direct and Indirect Operations)

BNDES Spread is defined according to BNDES financing facilities: maximum of 1.8% per annum.

For more information, see: Applicable financial conditions in accordance with the financing lines

Investments in sectors supported by the Programa de Dinamização Regional - PDR (Regional Streamlining Program) experienced an increase of 10% in BNDES share level, in a cumulative manner. These investments are destined to projects to be carried out in the Brazilian North and Northeast regions (where Sudene acts) and projects in low income and lower average income cities.


Credit Risk Rate

- Up to 3.57% per annum (as per beneficiary’s credit risk);

Where: 
- 0.5% p.a for operations guaranteed by bank guarantee; 
- 1.0% p.a for the direct public administration of States and Cities;
- Exempt for operations with Brazilian Treasury’s credit risk coverage;
- Exempt for operations performed in the Innovation Line – Technological Innovation; and
- Exempt for operations performed with Micro, Small and Medium Sized Businesses under Inovação - Capital Inovador Facility (Innovation – Innovative Capital).


Accredited Financial Institution Fee

Negotiated between the accredited financial institution and the client; for operations guaranteed by the Guarantee Fund for Protection of Competitiveness [FGPC] (Guarantee Fund), up to 4% p.a.


Financial Intermediation Rate

0.5% p.a.
Note: Operations with micro, small and medium enterprises and PMAT (Modernization of the Tax Administration and Management of Basic Social Sectors) Line are exempted from the financial intermediation rate.
Capital Good Leasing line operations levy on the financial intermediation rate, regardless the size of the leased or the lessor company. 


Other Charges

Banco Nacional de Desenvolvimento Econômico e Social [BNDES] collects financial charges and commissions specific to the characteristics of its operations, such as commission on study and structuring, which should be fully paid at presentation of the project or discounted in the first release of funds.

See: How to apply financial charges and commissions on BNDES operations.



Share Level

The maximum share levels are indicative and apply on the total financeable investment.

See: Applicable financial conditions in accordance with the financing lines

The financeable investments carried out since the sixth month prior to the presentation of a previous consultation to BNDES, or since the financing request to the Financial Institution, may only be considered as a counterbalance effect. In case of micro enterprises, this period will include up to the 12th month prior to the previous consultation to BNDES or the financing request to the Financial Institution.

Associated working capital

The associated working capital portion will be computed in function of the endeavor's specific needs.



Maturity

Determined in function of the endeavor, enterprise or economic group's payment capacity.

See the special applicable conditions for the electric energy sector.


Collaterals

Direct support operations: defined during the analysis of the operation.

Indirect operations: negotiated between the accredited financial institutions and the client.

In both cases, for using FGPC please consult its specific conditions.

See: Guarantees.



Addressing

Supporting applications are addressed to BNDES by means of a Consultation-Letter - completed in accordance with the directions in the Guide on Information for Previous Consulting - sent by the interested enterprise, or by means of the chosen accredited financial institution, to:

Banco Nacional de Desenvolvimento Econômico e Social - BNDES
Área de Planejamento-AP
Departamento de Prioridades-DEPRI
Av. República do Chile, 100 - Protocolo - Ground Floor
20031-917 - Rio de Janeiro, RJ

In case of application by the Direct Public Administration, use the Eligibility Information Guide - Direct Public Administration, and send to the same address above.




See also:

Ways of Support

Financeable endeavors and projects, financeable items not subject to support

Flux and Terms for the Due Execution of Operations