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Factoring can be the perfect solution for your company to optimize the colection process and have the possibility of draw advances upon the its receivables.

 Reduction of adminitrative costs

The Bank takes over all the hasle of handling the collection process from the moment the invoice is passed to the Bank, up to the moment of issuing the corresponding payment receipt.

 More organized collections

In cooperation with your company the Bank maintain the agreed level of pressure over the debtors, delivering a more disciplined approach, many times more difficult to achieve directly by the Company's services.

 Decreased credit risk

The Bank has a large in managing credits and receivables. This know-how can be help to achieve better collections.

Charges are related with:

 Commission

A commission will be charged over the value of the invoices passed for collection to the Bank and one additional after 10 days passed over the planed payment date.

 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​.

For further information, please read the Bank's Price Schedule available online and at any of the Bank´s Branch.

Factoring can be the perfect solution for your company to optimize the colection process and have the possibility of draw advances upon the its receivables.

Currency

Metical (MZN).

Montante de Financiamento

A negociar casuisticamente, podendo ir até 90% da facturação cedida.

Prazo

Máximo de 180 dias.

Factoring Completo com Recurso

Contrato com carácter de continuidade onde existe a obrigatoriedade de entrega de toda facturação sobre os devedores contratados 

 Condições de acesso

Facturação mínima contratada a ceder: 6.500.000,00 (MT) e 250.000,00 (USD)/semestral;

Valor mínimo por Devedor: 650.000,00 (MT) e 25.000,00 (USD)/semestral.

Factoring Fácil com Recurso

Contrato com carácter pontual, que contempla uma factura ou um conjunto de facturas perfeitamente definido e com um prazo determinado.

 Condições de acesso

Facturação mínima contratada a ceder: 650.000,00 (MT) e 25.000,00 (USD)/semestral;

Facturação máxima contratada a ceder: 6.500.000,00 (MT) e 250.000,00 (USD)/semestral;

Valor mínimo por Devedor: 130.000,00 (MT) e 5.000,00 (USD)/semestral.

To apply for Factoring, please use one of the following way:

  • Visit your Millennium bim Branch or contact your Relationship Manager;
  • 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:

  • ​Confirming
  • Conta Corrente Caucionada (Revolving Credit Line)