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  • Benefits
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Movable Assets Leasing is a financing solution to acquire cars, furniture and equipments, with the following advantages:

 - Lower instalments

Usually, leasing financing has instalments lower than traditional due to the fact that the leasing agreement has a a customer's initial payment and an opt out payment at the end, thus reducing the value of the financed principal;

Flexibility

Flexible maturities, up front value and opt out value;

Possibiliity to transfer the agreement position

During the liftime of the leasing agreement, the customer is allowed to transfer its contractual position to another interested party.

Example

Real Estate sale price 1.000.000,00 MT 
Maturirty 5 years / 60 months
Monthly Instalment 25.681,17 MT
Up front payment 10%
Opt out amount 2%

 

Financial costs are related to:

à Fees 

Organization fee and modification fees are applicable.

 à Interest 

The applicable interest rate is PRSF – Prime Rate do Sistema Financeiro, plus a spread defined according with the risk analysis performed by the Bank

Details can be found in the Bank's Price Schedule available online and at any of the Bank´s Branch.

 

 

The leasing agreement will allow the Customer to use the asset 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 to the Bank the final (opt out) amount and become the owner of the propertyasset or to quit thus not acquiring it.

Currency

Metical (MZN).

Amount

Up to 90% of the Asset's purchasing value, with a minimum of MZN 100.000,00.

Maturity

From 18 to 60 months.

Insurances

Full coverage for cars, and any specific for other assets.

Collateral

A personal guarantee might be required.

Initial payment

From 10% of the car value or other asset.

Opt out

Variable from 2% to 10%

Early repayment

Allowed, total or partial, with a penalty over the due outstanding amount.

To apply for a Movable Asset Leasing, 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 sugest the following useful reading:

Investment Loan

Real Estate Leasing

- Business Insurance