Millennium disburses the financed amount for self-construction and renovations in multiple tranches (up to a maximum of 6) over a period of up to 24 months. During the installment disbursement phase, you only pay interest on the used amounts during that time.

You can apply through our app, website, or by visiting a branch in person. When using the app or website, follow these steps: calculate the mortgage, complete the application, and submit it. Ensure you have your last three months' payslips and the IRS validation code ready. Additionally, you can attach essential property documents, including the Permanent Certificate, Caderneta Predial, and the listed building plan.

The loan formalization, along with the purchase and sale process, includes expenses such as contract costs, fees, notary fees, and registry fees. These fees are payable to the entities offering these services. You can see the amounts of these expenses in the calculation result.

The primary house documents necessary for obtaining a mortgage loan include:

• Permanent Certificate
• Caderneta Predial (Property Tax Document)
• Dimensioned Plan
• Energy Certificate

Additionally, a usage license might be necessary.

Depending on the loan type, there might be additional documents requested as well.

The spread is the additional interest rate set by  Millennium. It’s added to the index (monthly average of the 3, 6 or 12 month Euribor) to obtain the nominal annual interest rate (TAN).

The effort rate, also known as the debt-to-income ratio, represents the proportion of your total monthly loan payments to your monthly net income. When deciding whether to grant you a loan, we always take this information into account, and the loan will only be approved if this effort rate is in harmony with your financial capacity.