Atlantico Millenium Bank - Investment Credit

Credit product which supports the accomplishment of short, medium and long term projects in the sphere of the professional activity of the Clients.

Amount	Term	Rate
Minimum 50,000 AOA	Up to 60 months	Luibor 1M + Spread*

* Check price table of the Interest Rate in force.

Payment Conditions

Monthly payments of capital + interest;
Grace period defined in accordance with the purpose of the credit, specificity of the project and type of Client.

Acquisition Conditions

Corporate Clients with an account at ATLANTICO with at least six months;
Evaluation of the property to be purchased (cost on the proponent).

Commissions and Expenses

Commissions and expenses may apply accordingly to the price table for the Credit Lines and Accounts.

Adhesion and Formalization

No need to consult the current credit procedure.

Taxation

The commissions and considerations owned are subject to Stamp Tax of 0.7%.

The use of credit is taxed accordingly to the term of loan granted, in the following terms:
- A year or less period: 0.5%;
- A year or more period: 0,4%;
- 5-year period or more: 0,3%.

In case the use of credit in which the term in not defined or definable (e.g through the bank account) is applied a Stamp Tax of 0.1% over the monthly average obtained through the sum up of the balance of the open debts on daily during the month, divided by 30.

Over the interest charged the Stamp Tax of 0.2% is added. The commissions for guarantees are subject to Stamp Tax of 0.5%.

Over the guarantees values (expect when they are material accessories) the Stamp Tax levies, in the following terms:
- Less than a year period: 0,3%;
- Over a year or more period: 0,2%;
- No Period or over 5 year period: 0,1%.

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Product Informative Technical File Secured Loan Account

0.16 mb

CREDIT TO INVESTMENT

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