Renew your bus with BDL financing
The Local Development Bank (BDL) supports passenger transport professionals in renewing their vehicle fleets through an investment loan designed to replace buses that are more than 25 years old.
A dedicated loan for renewing the passenger transport fleet
This financing enables eligible transport operators to acquire a new bus in order to modernise their fleet, improve the quality of service provided to passengers and contribute to the renewal of the public passenger transport fleet.
Financing is granted subject to compliance with the eligibility requirements, submission of the required authorisations and assessment of the application by BDL.
Up to 90% financing
BDL may finance up to 90% of the bus purchase price, including tax, subject to the loan approval conditions.
Minimum 10% personal contribution
The beneficiary contributes at least 10% of the bus purchase price, including tax toward the investment.
Repayment term of up to 10 years
The loan repayment term may be up to 10 years, depending on the applicable conditions and assessment of the application.
Quarterly instalments
The loan is repaid through quarterly instalments, in accordance with the repayment schedule agreed with the Bank.
New bus
The loan finances the acquisition of a new bus intended for passenger transport, replacing a vehicle that meets the age criteria set under the scheme.
Dedicated financing
The loan is specifically intended for the replacement of buses more than 25 years old under the passenger transport fleet renewal scheme.
Who can benefit?
This loan is intended for passenger transport professionals, whether individuals or legal entities, who meet the required conditions.
- Carry out a passenger transport activity.
- Be covered by the scheme for replacing buses that are more than 25 years old.
- Hold the eligibility certificate issued by the Ministry of the Interior, Local Authorities and Transport, where required.
- Hold all operating authorisations required to carry out the activity.
- Submit a complete application enabling the Bank to assess repayment capacity and the viability of the transaction.
What does the loan finance?
The loan is intended to finance the acquisition of a new bus for passenger transport, as part of the replacement of a bus meeting the age criteria set under the scheme.
Key point
The financing is provided in accordance with the terms of the scheme and the specifications of the selected vehicle.
Terms designed for a long-term investment
Loan amount and personal contribution
BDL may finance up to 90% of the bus purchase price, including tax. The amount actually granted is determined after assessment of the application, taking into account the eligibility requirements, the beneficiary’s repayment capacity and the characteristics of the investment.
The minimum personal contribution is set at 10% of the bus purchase price, including tax.
Interest rate
Calculated on the amount actually drawn, subject to the pricing terms in force on the date the loan is put in place.
Term
The loan repayment term may be up to 10 years, subject to the applicable financing terms.
Repayment frequency
Repayments are made through quarterly instalments.
Early repayment
Full or partial early repayment may be made in accordance with the contractual terms and applicable regulations.
Required guarantees
The financing can only be put in place once the guarantees required by BDL have been established.
- Pledge over the financed bus.
- Comprehensive insurance for the financed vehicle, including a subrogation clause in favour of the Bank.
- Death and disability insurance for individual applicants.
- Any other guarantee that may be required by the Bank depending on its assessment of the application.
The final guarantees are determined by the Bank according to the nature of the financing, the beneficiary’s profile and the level of risk associated with the transaction.
Documents required
Prepare the administrative, legal and financial documents required to assess your application.
Individual applicant
- Duly signed financing application.
- Eligibility certificate.
- Copy of the biometric national identity card.
- Proof of residence.
- Commercial register.
- Pro forma invoice for the bus to be acquired.
- Invoice or supporting document relating to vehicle insurance.
- Undertaking to domicile business turnover with BDL.
- Authorisation to consult the Central Credit Register.
- Projected income and expenditure statement.
- Any additional document that may be requested by the Bank.
Legal entity
In addition to the documents required for an individual applicant, the application notably includes:
- Company articles of association.
- Tax Identification Number (NIF).
- Business plan / project study.
- Financial statements for the last three financial years.
- Statutory Auditor’s report, where required.
- Valid CASNOS and CNAS certificates.
- Bank account details (RIB).
- Any additional document required for assessment of the application.
How to benefit from the financing
Check your eligibility
Make sure you meet the conditions set under the scheme and hold the authorisations required to carry out your activity.
Prepare your application
Gather the required administrative, legal and financial documents, together with the pro forma invoice for the bus to be acquired.
Submit your application
Submit your application to a BDL branch.
Assessment and decision
BDL assesses your repayment capacity, the proposed guarantees and the viability of the transaction.
Financing set-up
Once the Bank has approved the application and the required formalities have been completed, the financing is put in place in accordance with the contractual terms.
Renew your fleet with BDL
Up to 90% financing, a minimum personal contribution of 10% and a repayment term of up to 10 years to help you modernise your passenger transport fleet.
FAQ
Who can benefit from this loan?
How much can BDL finance?
What is the minimum personal contribution?
What is the loan term?
How often are repayments made?
What is the interest rate?
Which vehicles are covered?
Is the eligibility certificate mandatory?
What guarantees are required?
Where can I submit my application?
Is financing automatic once I am eligible?
Financing terms, interest rates, fees, guarantees and repayment arrangements may change in accordance with applicable regulations and the Bank’s terms and conditions in force.