Frequently asked questions about Microloan

Microcredit is a loan service from Millennium bcp that supports people and small businesses with viable ideas to create jobs.

It is intended for anyone who meets two basic requirements: having a viable business idea and an entrepreneurial profile. It is available to unemployed individuals, immigrants, retirees, homemakers, and small businesses.

You can apply for up to €25,000 to start or expand your business. There are two types of loans: individual or group. The maximum term is 48 months for amounts up to €7,000, and 60 months for amounts above €7,000.

At your nearest Millennium bcp branch.

Yes, a guarantor is required. A guarantor is someone who trusts you, believes your business idea is viable, and is committed and able to support your business.

Yes, it is possible to repay the loan before the end of the term.

You do not need to be a Millennium Customer to apply. However, opening an account is required to sign the contract.

Yes, we approve the loan based on the business idea, how good it is, and our confidence in the entrepreneur.