Used Car Loan TAEG 10.5%
Sometimes a used
car is the best find
From €3,000 and with the possibility of financing up to 100% of the car's purchase value
From €3,000 and with the possibility of financing up to 100% of the car's purchase value
Only at branches
Used Car Loan TAEG 10.5%
Sometimes a used
car is the best find
From €3,000 and with the possibility of financing up to 100% of the car's purchase value
From €3,000 and with the possibility of financing up to 100% of the car's purchase value
Only at branches
Apply for a loan to buy a used car, from €3.000
Choose the term of the loan that best suits you, between 24 and 84 months
We will finance up to 100% of the car’s purchase amount
With a fixed rate until the end of the loan you always know how much you’ll pay
Loan charges and rates
Now on to the math
Annual Percentage Rate of Charge (TAEG)
10.5%
Annual Percentage Rate (TAN)
8.250%
10.5% TAEG and 8.250% TAN with monthly installments of €158.77, for a calculation of a €10,000 loan with an 84-month term. Total amount charged to the consumer: €13,772.68 including file fee (€250), interest and Stamp Duty for the use of loan.
Conditions valid until June 30th, 2024.
Conditions valid until June 30th, 2024.
These are the amounts and terms you can choose from
Term
between 24 and 84 months
Amount
from €3,000 and up to 100%
of the car's purchase amount
of the car's purchase amount
And these are the charges and expenses
File fee (plus Stamp Duty)
Loan opening Stamp Duty
Annual Percentage Rate of Charge (TAEG)
10.4%
Annual Percentage Rate (TAN)
7.750%
10.4% TAEG and 7.750% TAN with monthly installments of €304.58, for a calculation of a €15,000 loan with a 60-month term. Total amount charged to the consumer: €18,928.80 including file fee (€375), interest and Stamp Duty for the use of loan.
These are the amounts and terms you can choose from
Term
between 24 and 84 months
Amount
from €3,000 up to 100% of the
purchase value of the vehicle
purchase value of the vehicle
And these are the charges and expenses
File fee (plus Stamp Duty)
Loan opening Stamp Duty
1 ,2 ,3 and that’s it!
Applying for a car loan is simple
Go to a Millennium branch
Go to a Millennium branch
and apply for a Used Car Loan.
and apply for a Used Car Loan.
Confirm the application
Confirm the application
after reading the legal documents.
after reading the legal documents.
Get the money in your account
Get the money in your account
after the loan has been approved and you've signed and read the contract.
after the loan has been approved and you've signed and read the contract.
What do you need?
What do you need?
To be over 18 years old and have a current account at Millennium
To be over 18 years old and have a current account at Millennium
The last 3 payslips and the IRS validation code
The last 3 payslips and the IRS validation code
ID documents of all participants
ID documents of all participants
Declaration of regularity of the tax situation (if the loan is over €50,000)
Declaration of regularity of the tax situation (if the loan is over €50,000)
Car insurance with the minimum mandatory coverage
Car insurance with the minimum mandatory coverage
1 ,2 ,3 and that’s it!
Applying for a car loan is simple
Go to a Millennium branch
Go to a Millennium branch
and apply for a Used Car Loan.
and apply for a Used Car Loan.
Confirm the application
Confirm the application
after reading the legal documents.
after reading the legal documents.
Get the money in your account
Get the money in your account
after the loan has been approved and you've signed and read the contract.
after the loan has been approved and you've signed and read the contract.
What do you need?
What do you need?
To be over 18 years old and have a current account at Millennium
To be over 18 years old and have a current account at Millennium
The last 3 payslips and the IRS validation code
The last 3 payslips and the IRS validation code
ID documents of all participants
ID documents of all participants
Declaration of regularity of the tax situation (if the loan is over €50,000)
Declaration of regularity of the tax situation (if the loan is over €50,000)
Car insurance with the minimum mandatory coverage
Car insurance with the minimum mandatory coverage
Want to apply for a car loan?
Before making a decision...
Consider if you need to make this purchase taking into account different factors.
Make sure the installments won’t compromise the budget of your household.
Verify the conditions of the lease and read all the pre-contractual and contract information.
If you change your mind after applying, you can cancel it on the website or app within 14 days.
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Subject to credit risk analysis and Banco de Portugal recommendations.
Subject to Stamp Duty on the use of credit and interest.
The information presented here does not dispense with consulting the legally required pre-contractual and contractual information.