Real Estate Development Loan TAE 12.464%

Financing for your real estate project

Turn your ideas into reality with a real estate development loan

Branch only

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Real Estate Development Loan TAE 12.464%

Financing for your real estate project

Turn your ideas into reality with a real estate development loan

Branch only

Real Estate Development Loan

Benefits How much is it How to get it Related topics

Annual Effective Rate (TAE)
                    12.464%
                

TAE calculated based on a TAN (Nominal Annual Rate) of 9.644% - Euribor 6 months (simple arithmetic average of daily quotations from the month prior to the interest calculation period, which in this example was July 2024, corresponding to 3.644%, plus a spread of 6.000%), for a loan of 1,500,000 Euros over 3 years, with 20 subsequent monthly disbursements of 75,000 Euros, with monthly interest payments and repayment in 16 equal monthly principal installments starting from the 21st month.

The TAE (Annual Effective Rate) was calculated in the terms of Decree-Law 220/94, of August 23.

Indexed variable – The interest rate is variable and indexed to the monthly average of the Euribor at 90 or 180 days plus the negotiated spread.

The rates are reviewed every quarter or every six months, and they result from the simple arithmetic average of the daily quotes from the previous month for each interest calculation period, rounded to the nearest thousandth. This rounding is done up when the fourth decimal place is equal to or greater than five, and down when it is less than five.

Spread - Assigned by Millennium bcp based on an economic feasibility study.

Term
                    Up to 15 years
                

Up to 15 years for real estate development financing for rental income.

Minimum amount
                    €100,000
                

Maximum amount defined on a case-by-case basis, based on the economic feasibility study.

The use of the financed capital will be made according to the progress of the work

Verified through inspections conducted by an appraiser, indicated by Millennium bcp

And according to the amount intended depending on the cash needs of the project

Stamp Duty on credit opening and Stamp Duty on interest.

Tax on Commissions, where applicable.

View price list

Real Estate Development Loan TAE 12.464%

Financing for your real estate project

Real Estate Development Loan TAE 12.464%

Financing for your real estate project

Various types of purposes Real estate projects for acquisition, construction, rehabilitation for sale, or rental income

Projects developed by Sole Proprietors, Commercial Companies, Cooperatives, or Real Estate Funds

All the benefits

What’s included?

Flexible term 3 to 5 years for real estate development financing for sale

To renovate the Company’s own premises

For different types of properties Properties intended for residential, office, commercial, warehouse, or tourism use

All the benefits

What’s included?

Various types of purposes Real estate projects for acquisition, construction, rehabilitation for sale, or rental income

Projects developed by Sole Proprietors, Commercial Companies, Cooperatives, or Real Estate Funds

Flexible term 3 to 5 years for real estate development financing for sale

To renovate the Company’s own premises

For different types of properties Properties intended for residential, office, commercial, warehouse, or tourism use

All the benefits

What’s included?

Various types of purposes Real estate projects for acquisition, construction, rehabilitation for sale, or rental income

Projects developed by Sole Proprietors, Commercial Companies, Cooperatives, or Real Estate Funds

Flexible term 3 to 5 years for real estate development financing for sale

To renovate the Company’s own premises

For different types of properties Properties intended for residential, office, commercial, warehouse, or tourism use

Rates and charges

Now the numbers

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