BPI/CAP Protocol

Advance of up to 90% of the amount of the direct subsidies approved by the Instituto de Financiamento da Agricultura e Pescas (IFAP, the Institute of Finance for Agriculture and Fisheries).


Advance of up to 90% of the amount of the direct subsidies to farmers.

  • Early receipt of up to 80% of the IFAP subsidies;
  • Access to competitive interest rates;
  • Fast analysis and decision of credit applications.

Farmers operating in mainland Portugal who cumulatively fullfil the following requirements: 

  • Hold an account with BPI, or open one up to the date the loan is contracted;
  • Domicile in their BPI account the payment of the IFAP subsidies, to which the financing relates;
  • Do not present unjustified incidents or defaults in the banking system and have no debts to the Tax Administration or Social Security.

Up to 90% of the amount of the subsidy indicated by Confederação dos Agricultores de Portugal (CAP), to be received from IFAP.


Up to 12 months, not exceeding the due date of June 20 june 2020.


Consignment of revenues and other guarantees agreed with BPI.