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  1. Small and Medium
  2. Corporate
Open an Account
PT EN
Go to homepage
I want to...
Open an Account

LOAN ESCROW ACCOUNT

Credit product that provides support for short, medium and long-term projects, within the scope of the Customers' professional activity

Until 60 months

Luibor 1M + Spread*

Amount Term Rate

Minimum of AOA 50 000.00

* Consult the current Interest Rates price list

Refund Conditions

  • Monthly installments of principal + interest
  • Defined grace period based on the purpose of the credit, specificity of the project and type of Customer

Acquisition Conditions

  • Business Customers with a minimum 6-month relationship with ATLANTICO
  • Assessment of the property to be acquired (charges to be borne by the bidder)

Fees and charges

Fees and charges foreseen in the price list for Loan Escrow Accounts apply

Subscription and Formalization

It does not dispense consulting the current credit procedure in force

Tax

Fees and consideration for financial services are subject to Value Added Tax of 14% in accordance with Article 12 (1-i) of Law no. 7/19 of 24 April
The use of credit is taxed according to the term of the credit granted, as follows:
- Term of one year or less: 0.5%
- Term of more than 1 year: 0.4%
- Term of 5 years or more: 0.3%
In the case of using credit in which the term is not determined or determinable (e.g. through a current account) a rate of 0.1% is applied on the monthly average obtained by adding the outstanding balances ascertained daily during the month divided by 30
Stamp Tax at 0.2% is added to the interest charged.
Commissions for guarantees provided are subject to Stamp Tax at a rate of 0.5%
Stamp Tax is levied on the value of guarantees (except when materially accessory), under the following terms:
- Term of less than one year: 0.3%
- Term equal to or greater than one year: 0.2%
- No term or term equal to or greater than five years: 0.1%.

Useful documents

Loan Escrow Account information sheet
0.07 mb
Loan Escrow Account Checklist
0.11 mb

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