A business’s revenues and expenses aren’t always perfectly in balance. Some of your customers might be slow to pay their invoices, for instance, while your suppliers expect you to pay up quickly. An overdraft facility is an effective solution for this kind of temporary cash-flow shortfall.
How does it work?
- You enjoy a credit line linked to your current account that is specifically designed to cover your temporary cash-flow needs. The duration of the facility can be either fixed or open-ended.
- The minimum amount is 2,500 euros. There is no maximum.
- You draw on the overdraft facility as required within the authorised limits.
- The interest rate consists of a base rate plus a contractual margin.
- Flexibility: you can use our credit line as it suits you, with no further formalities.
- Simplicity: every deposit made into your account contributes to the repayment of the overdraft; you don’t have to worry about anything.
Good to know
- An overdraft facility can be denominated in euros or a foreign currency.
- The overdraft facility is a short-term credit product and is not suitable for covering long-term financing needs. It can turn out expensive if its use becomes permanent.
- The base rate is variable throughout the duration of the facility.
- In addition to the cost of the credit, you need to take account of an arrangement fee, a commitment fee on capital not drawn down and, where appropriate, an over-limit fee.
- You can repay all or part of your overdraft facility early in accordance with the SME Act of 21/12/2013 on the financing of small and medium-sized enterprises. Repayment is cost-free and is followed by a corresponding reduction in the credit line.
Any complaints concerning the overdraft facility may be addressed to:
- BNP Paribas Fortis NV/SA – Complaints Department (1QA8D)
Montagne du Parc/Warandeberg 3
- Consumer Mediation Service
Rue Belliardstraat 15–17, Box 8
Tel.: +32 2 545 77 70