The ideal solution for specific needs

Overdraft

Flexibility

A solution that allows you to negotiate amounts and terms tailored to specific cash flow needs or other one-off expenses.

Immediate availability

The negotiated amount is immediately available for use.

Ease in using credit

Once the credit line limit is contracted, you can use the credit line according to your needs.

A process organization fee will be charged.

To sign up for Authorized Overdraft, visit a Millennium bim branch.

Features


Financing Amount	Financing Amount	Limit assigned on a case-by-case basis, based on the analysis of the Customer's credit risk.
Term	Term	Minimum: 1 day Maximum: 12 months (with the possibility of automatic renewal)
Forms of use	Forms of use	You can use it by check, transfer at the Branch, or through Internet Banking.
Currency	Currency	MZN/ USD/ ZAR
Interest	Interest	Calculation basis: 360 days. Daily calculation, applying a single rate to the outstanding balance on that day. Interest is debited monthly from the Customer's Current Account. Interest, commissions, and charges are available in the Bank's complete price list.
Collateral	Collateral	Individuals: Promissory note signed by the applicants. Third-party guarantee. Pledge of investments. Companies: Promissory note signed by the Company with endorsement by partners and spouses. ENIs Promissory note signed by the ENI with endorsement by spouse. Subject to case-by-case analysis and by decision of the competent body, other types of guarantees may be requested from the Customer.
Reimbursement amount	Reimbursement amount	The outstanding amount will be paid at the end of the contract.

Benefits