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IFAP Short-Term Program TAE 5.619%

Quick and flexible financing

A solution for short-term needs with financing tailored for the agricultural sector
woman holding and evaluating wheat in a field

IFAP Short-Term Program TAE 5.619%

Quick and flexible financing

A solution for short-term needs with financing tailored for the agricultural sector
woman holding and evaluating wheat in a field
woman holding and evaluating wheat in a field

Here’s everything you need to know

What, why, and for whom?

Here’s everything you need to know

What, why, and for whom?

Here’s everything you need to know

What, why, and for whom?

Rates and charges

Now the numbers

Effective Annual Rate (TAE)
5.619% 5.619%
Term
up to 12 months up to 12 months

TAE of 5.619% calculated based on a TAN of 4.500% - 6-month Euribor (simple arithmetic average of the daily prices of the month before each interest counting period, rounded to the thousandth, which for this example was the month of May 2022, corresponding to -0.144%, which, being negative, is considered raised to the power of 0.000%), plus a spread of 4.5% considering a credit in the form of a loan of €50,000, with a term of 12 months, with payment of interest and repayment of the capital at the end of the contracted term, including the Organization Fee.

The TAE (Effective Annual Rate) was calculated according to Decree-Law No. 220/94 of 23 August.

All proposals will be subject to analysis and credit risk decision by Millennium bcp.

This document does not constitute a contractual proposal.

Financing

Here are all the conditions

CC Data
Refund
Refunding occurs once, one year after the first use of the credit.
Juros
Interest payment
Loans accrue interest at the contractual rate, calculated daily on the outstanding principal. The interest is paid as a single total amount on the repayment date.
Pag Comissao
Fees
Organization fee planned for the Loan Accounts product.
CP Simulador
Interest bonus
Credit operations benefit from a 20% interest bonus provided by IFAP.
Simulador
"Minimis" scheme
The amount of aid granted per beneficiary can be combined with any other minimis aid but cannot exceed a total of €15,000.00.

What you should know

What are the criteria for applying?

2 men shaking hands near a wheat field 2 men shaking hands near a wheat field
Comply with the legal requirements necessary to carry out their respective activity
aerial image of a map of mainland Portugal aerial image of a map of mainland Portugal
Location within the mainland territory
truck being loaded with wood in the forest truck being loaded with wood in the forest
Be registered as IFAP beneficiaries
hands signing a contract hands signing a contract
Updated parcel and livestock registry
2 men shaking hands 2 men shaking hands
Have their situation regularized with the Tax Authority, Social Security, and IFAP
one hand on a computer and the other hand drawing a check mark one hand on a computer and the other hand drawing a check mark
Have not exhausted the Minimis support limit under previous measures
Mobile Phone O White
For further questions, contact your Account Manager or visit a branch.
For further questions, contact your Account Manager or visit a branch.

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Contactos Need to call us?
Call 21 004 24 24 (call to national landline)
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Localizador De Sucursal
Looking for a branch?
Find the nearest branch
Find the nearest branch
Contactos
Need to call us?
Call 21 004 24 24 (call to national landline)
Call 21 004 24 24 (call to national landline)