EN
Header
  • Benefits
  • Costs
  • Features
  • How to Apply
  • Related Subjects
Do you want a House?
Then come talk with us and learn all the advantages of the Leasing Imobiliário (Real Estate Leasing) that Millennium bim designed specially for you.
 
The Leasing Imobiliário is a flexible financing solution that enables you to purchase a real estate property, with the following advantages:
 
 Lower Monthly Payments
In general, the Leasing  Imobiliário financing consists of lower monthly payments compared to other credit options, due to the fact that the leasing agreement has a Customer's initial payment and an opt out payment at the end, thus reducing the value of the financed principal;
 
 Flexibility
Leasing gives flexible conditions regarding the maturity date, up front value and opt out value;
 
 Possibiliity to Transfer the Agreement Position
During the lifetime of the leasing agreement, the Customer is allowed to transfer its contractual position to another interested party.
 

 

Example

Real Estate sale price

 

MZM 1.000.000,00  

Maturity

 

20 years / 240 months

Monthly Instalment

 

MZM 15.821,20

Up front Payment

 

10%

Opt out Amount

 

2%

  

 

There are 2 types of financial costs related to the Leasing Imobiliário:
 
 Comissions
A Process Organization Comission and a Contract Alteration Comission will be applicable. These comissions are previously set by the Bank.
 
Interest Rate
The applicable interest rate charged will be the PRSF-Prime Rate of the Financial System plus a spread defined according to the Risk Analysis performed by the Bank.
 
More details can be found in the Bank's Price List available online and at any Millennium bim Branch. 

 

The Leasing Agreement will allow the Customer to use the Real Estate financed during a certain time period, for a monthly lease amount. At the end of the Lease period, the Customer has the option to pay the Bank the final (opt out) amount and become the owner of the property or to quit, thus not acquiring the real estate.
 
Currency
Metical (MZM).
 
Amount
Up to 60% of the purchasing  value.
 
Maturity
From 7 to 20 years.
 
Related Insurances
Real estate Insurances, including Works, Construction and Operations.
 
Guarantee
A personal guarantee might be required.
 
Initial Amount
Starting at 40% of the purchasing value.
 
Opt out Amount
Variable from 2% to 10%.
 
Early Repayment
Allowed, total or partial, with a penalty fee over the due otstanding amount.
To apply for a Leasing Imobiliário, please:
  • Visit your Millennium bim Branch or contact your Relationship Manager and ask for a simulation;
  • Call our Customer Line at:
  • +258 21 35 00 35
    +258 82 35 00 350
    +258 84 35 00 350
    +258 86 35 00 350
     
    This way you will get all the necessary information to find the Leasing option more adequate to your needs.
    We also suggest the following useful information:
  • ​Crédito à Habitação (Home Loan)
  • Real Estate Insurance
  • Life Insurance