Banca Romaneasca grants loans aimed at covering temporary lack in liquid assets in the current account.
1. Loans based on payment documents to be collected (cheques, promissory notes and payment orders)
Such loans are aimed at covering temporary lack in liquid assets in the current account and are backed by payment documents to be collected. The maximum loan amount corresponds to the payment document value, except interest related to the loan. The loan term is set according to the document type as follows:
For Lei denominated payment orders, the loan term does not exceed 7 days;
For foreign currency denominated payment orders, the loan term does not exceed 4 days;
For Lei denominated cheques, the loan term does not exceed 15 days;
For Lei denominated promissory notes, the loan term does not exceed 30 days.
2. Loans backed by transferring the money collected by virtue of internal invoices
Such loans are aimed at covering temporary lack in liquid assets in the current account and are backed by internal invoices. The maximum loan amount corresponds to 85% of the total invoice value and the loan term does not exceed 45 calendar days as from the date when the loan was approved.
3. Loans backed by export documents (external invoice, DVE, CMR)
The maximum amount of loans backed by export documents corresponds to 85% of the invoice value and the loan term does not exceed 60 calendar days as from the date when the loan was approved.
4. Loans backed by luncheon vouchers
Still for covering temporary lack in liquid assets in the current account, Banca Romaneasca grants also loans backed by luncheon vouchers. Such loan and the corresponding interest shall not exceed the value of the luncheon vouchers. The loan term does not exceed 20 days.
