• Benefits
  • Related Costs
  • Features
  • How to apply
  • Further subjects

Descoberto Negociado (Negotiated Overdraft) is a credit product mainly aimed at supporting the company's unexpected treasury difficulties.

 Flexibility in amounts, terms and interest rates

The negociated overdraft is customizable in order to accommodate the right amount, term and usually has an indexed interest rate.

 Instant availability

The agreed amount is immedialty available for use O valor negociado fica imediatamente disponível para utilização

 Ease of use

The overdraft limit is placed at current account level, so it is always available to be used whenever the funds in the accounts are no sufficient to support the transactions (checks, banking transfers, etc.)

The perfect solution for temporary unpected treasury difficulties.

Costs are related with 2 different items:


A setup fee is applicable.

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.

Further details can be found in the applicable Bank's Price Schedule available online and at any of the Bank's Branch.


The negotiated overdraft limit will at current account level will allow you to keep debitor balances, for the agreed period of time, with the following conditions.


Metical (MZN).


Defined on a case be case basis, depending upon credithworthiness analysis performed by the Bank.


180 days, renewable in 90 days periods if not canceled with an agreed notice period.


All forms of debit to the current account.


Defined on a case be case basis, depending upon credithworthiness analysis performed by the Bank.


Bullet at term or with any funds credited in the current account.

To apply to a loan, please use one of the following way:

  • 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

    We also suggest the following useful reading:

  • ​Conta Corrente Caucionada (Revolving Credit Facility)
  • Factoring
  • ​​Confirming