Your credit limit depends on:
The credit limit granted for discounting POS instalments is open-ended.
You receive the full nominal value of your business’ interest-free instalment sales through Nexi POS terminals. This allows you to offer your customers interest-free instalments without impacting your cash flow.
You receive the discounted amount directly into your Alpha Bank business account. The amount corresponding to the previous business day's transactions is deposited daily.
Interest-free instalments are subject to a flexible discount fee equal to Euribor 3M + 4.50% spread.
The interest rate is exempt from the Law 128/1975 levy, currently 0.60%.
You repay the discount gradually through monthly interest payments.
Have a look at the deposit and loan interest rates.
Each month, you pay interest only on the portion of the credit limit you've used up, based on the discount fee.
You don’t pay any fees for us to review, assess and manage your file.
The discounted balance is repaid automatically, as your customers’ interest-free instalments are gradually collected.
ABC Factors offers the credit limit on a non-recourse basis. This means it assumes the credit risk of the digital payments acquirer, in this case Nexi.
In addition, if you want to start banking with us or haven’t updated your details:
Find the answers you need about securing a credit limit for discounting interest-free instalments.
The documents verifying the details of your business.
We may ask for additional supporting documents, depending on the collateral you offer.
You can discount up to 24 instalments.
If you want to discount more, contact the branch you are working with.