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Benefits

Flexibility

Solution that allows the negotiation of amount and term suited to treasury needs.

Cost proportional to the use of limits

Interest payment is calculated only on balances.

Ease of credit use

Once the credit line limit has been contracted, you may use the credit line according to your needs.

A process organisation fee and a contract change/reformulation fee, previously defined by the Bank, will be charged.

To subscribe for your Pledged Current Account, visit any Millennium bim Branch.

Features
FINANCING AMOUNT
FINANCING AMOUNT
Case-by-case analysis.
Term
Term
180 days, renewable for 90 days.
Forms of use
Forms of use
You can make use via transfer at Millennium bim branches.
Currency
Currency
MZN
Reimbursement amount
Reimbursement amount
Monthly capital and interest instalments, the first instalment after 30 days will be due after the availability of funds or on a date agreed previously between the Bank and the Customer.
Early Settlement
Early Settlement
Early, total or partial settlement allowed, subject to penalty on the outstanding capital.
Collateral
Collateral
The actual or personal guarantees to be provided are established within the scope of credit risk analysis.
Payment and periodicity of interest
Payment and periodicity of interest
Interest is debited according to periodicity (monthly/quarterly/half-yearly) and credited in arrears in the deposit account.
Reimbursement amount
Reimbursement amount
The outstanding amount will be settled at the end of the contract.

The contracting of credit transactions advertised herein is subject to credit risk analysis and the possible constitution of guarantees that the Bank deems suitable. 


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