Skip to main content
Login with User Code
User Code: this code is required to access your account through the website or the Millennium App
I don't have or remember this code

Invalid access data

Fill in the user code

Or with Digital Mobile Key

How does it work? Gov.pt

Not a Customer yet?

Open an account online
Código de Utilizador This code is required to access your account through the website or the Millennium App

Mortgage loan to make house renovations

Refurbish your home the way it deserves

With our loan, during the construction work you only pay interest on the amount borrowed
Calculate mortgage loan
woman painting a wall, with a dog next to her
woman painting a wall, with a dog next to her
House renovations
Benefits How much is it How it works How to get it FAQs Related topics
Calculate loan
House renovations Calculate loan
Get discounts and benefits with exclusive partners View partnerships
Pay only the interest during construction, over the amount of the tranches disbursed so far
Get 25% off initial fees for energy-efficient homes View sustainable loan
Receive the money in tranches as renovation work progresses

Premium service

No red tape. We take care of everything

Don't waste time, we collect all the necessary documentation

More flexibility to sign the deed, available on weekdays until 10pm and Saturdays from 9am to 12pm

If you can't be present, we can represent you at the signing

€205 + IVA
€0
Until December 31, 2025¹
woman sitting on the sofa with a cup in her hand
woman sitting on the sofa with a cup in her hand
€205 + IVA
€0
Until December 31, 2025¹
woman sitting on the sofa with a cup in her hand
woman sitting on the sofa with a cup in her hand

Loan charges and rates

Now on to the math

Choose the type of interest rate
Variable rate indexed to Euribor 3, 6, 12 months plus spread
5 to 30-year fixed rate
The financed amount depends on the type of property where renovations are planned
Primary residence Up to 90% of the appraisal value (the estimated value of the property after renovations)
Second home or for rent Up to 80% of the appraisal value (the estimated value of the property after renovations)
Minimum loan amount
€10,000
The loan will be transferred in tranches, starting at €5,000. If the loan is less than €25,000, the minimum amount of the first tranche will be €2,000.
These are the maximum terms of the mortgage
Up to 40 years For Customers that are 30 years old or under
Up to 37 years For Customers between 30 and 35 years old
Up to 35 years For Customers over 35 years old
In case of a second home, the maximum term is 30 years. At the end of the mortgage, the Customer cannot be older than 72 years old.
And here are the variables that can reduce the spread
Relation between the loan amount and the property valuation
Insurance, credit cards, salary paid at Millennium or monthly payments such as water or electricity

Awards and Distinctions

Fastest Process, Most Digital Bank, and Best Mortgage Transfer Campaign

Award for "Fastest Process" at the ComparaJá.pt Summer 2025 Home Loan Awards

Fastest Process

Millennium bcp was distinguished in the 2025 Summer Mortgage Loan Awards by ComparaJá.pt in the “Fastest Process” category, having been the Bank that most streamlined the credit process for Consumers who used ComparaJá’s services. This distinction is only possible thanks to the dedication and professionalism of the extensive team involved in the various stages of the mortgage loan process.

Awarded the "Best Most Digital Bank" prize at the ComparaJá.pt Summer 2025 Home Loan Awards

Most Digital Bank

Millennium bcp was distinguished in the 2025 Summer Mortgage Loan Awards by ComparaJá.pt in the “Most Digital Bank” category for offering innovative and practical digital solutions, ensuring an efficient and intuitive online experience throughout the summer. This distinction is only possible thanks to the dedication and professionalism of the extensive team involved in the various stages of the mortgage loan process.

Award for "Best Credit Transfer Campaign" at the ComparaJá.pt Summer 2025 Home Loan Awards

Best Mortgage Transfer Campaign

Millennium bcp was distinguished in the 2025 Summer Mortgage Loan Awards by ComparaJá.pt in the “Best Credit Transfer Campaign” category, having presented the best transfer campaign and achieving the best scores in ComparaJá’s analysis. This distinction is only possible thanks to the dedication and professionalism of the extensive team involved in the various stages of the mortgage loan process.

These awards are the sole responsibility of the entities that granted them.

Awards and Distinctions

Fastest Process, Most Digital Bank, and Best Mortgage Transfer Campaign

Award for "Fastest Process" at the ComparaJá.pt Summer 2025 Home Loan Awards

Fastest Process

Millennium bcp was distinguished in the 2025 Summer Mortgage Loan Awards by ComparaJá.pt in the “Fastest Process” category, having been the Bank that most streamlined the credit process for Consumers who used ComparaJá’s services. This distinction is only possible thanks to the dedication and professionalism of the extensive team involved in the various stages of the mortgage loan process.

Awarded the "Best Most Digital Bank" prize at the ComparaJá.pt Summer 2025 Home Loan Awards

Most Digital Bank

Millennium bcp was distinguished in the 2025 Summer Mortgage Loan Awards by ComparaJá.pt in the “Most Digital Bank” category for offering innovative and practical digital solutions, ensuring an efficient and intuitive online experience throughout the summer. This distinction is only possible thanks to the dedication and professionalism of the extensive team involved in the various stages of the mortgage loan process.

Award for "Best Credit Transfer Campaign" at the ComparaJá.pt Summer 2025 Home Loan Awards

Best Mortgage Transfer Campaign

Millennium bcp was distinguished in the 2025 Summer Mortgage Loan Awards by ComparaJá.pt in the “Best Credit Transfer Campaign” category, having presented the best transfer campaign and achieving the best scores in ComparaJá’s analysis. This distinction is only possible thanks to the dedication and professionalism of the extensive team involved in the various stages of the mortgage loan process.

These awards are the sole responsibility of the entities that granted them.

Want to apply for a mortgage loan?

Before you make a decision...

Assess the need for expense
Evaluate the expense you plan to make, bearing in mind the various factors to consider.
Consider the effort
Check if the amount of the loan installment does not compromise your household budget.
Confirm the conditions
Verify the conditions of the loan, and read all the pre-contractual and contract information.
Make responsible decisions
If you change your mind after your mortgage is approved, you have 7 days to cancel the process with no costs.

All it takes is 6 steps

Applying for a mortgage is simple

Calculate
Calculate
Personalize your loan, make the request and submit the budget with the estimated cost of construction.
Personalize your loan, make the request and submit the budget with the estimated cost of construction.
Wait for the valuation
Wait for the valuation
The appraiser will visit the property to estimate the final value after the construction has been done, based on the budget.
The appraiser will visit the property to estimate the final value after the construction has been done, based on the budget.
Accept the final conditions
Accept the final conditions
of the loan (valid for 60 days) after the application was approved.
of the loan (valid for 60 days) after the application was approved.
Collect the documents
Collect the documents
necessary to sign the deed and submit them.
necessary to sign the deed and submit them.
Sign the contract
Sign the contract
Schedule to sign the contract, be there on the day, accept the terms and pay the taxes. If you can't be there, we can represent you.
Schedule to sign the contract, be there on the day, accept the terms and pay the taxes. If you can't be there, we can represent you.
And that's it!
And that's it!
You have 2 years to refurbish your home. The loan will be transferred in tranches, depending on the inspections during construction work.
You have 2 years to refurbish your home. The loan will be transferred in tranches, depending on the inspections during construction work.
What do you need?
What do you need?
To be over 18 years old
To be over 18 years old
To submit the latest 3 payslips and the IRS validation code for the credit risk analysis
To submit the latest 3 payslips and the IRS validation code for the credit risk analysis
Budget with an estimated value for construction work
Budget with an estimated value for construction work

All it takes is 6 steps

Applying for a mortgage is simple

Calculate
Calculate
Personalize your loan, make the request and submit the budget with the estimated cost of construction.
Personalize your loan, make the request and submit the budget with the estimated cost of construction.
Wait for the valuation
Wait for the valuation
The appraiser will visit the property to estimate the final value after the construction has been done, based on the budget.
The appraiser will visit the property to estimate the final value after the construction has been done, based on the budget.
Accept the final conditions
Accept the final conditions
of the loan (valid for 60 days) after the application was approved.
of the loan (valid for 60 days) after the application was approved.
Collect the documents
Collect the documents
necessary to sign the deed and submit them.
necessary to sign the deed and submit them.
Sign the contract
Sign the contract
Schedule to sign the contract, be there on the day, accept the terms and pay the taxes. If you can't be there, we can represent you.
Schedule to sign the contract, be there on the day, accept the terms and pay the taxes. If you can't be there, we can represent you.
And that's it!
And that's it!
You have 2 years to refurbish your home. The loan will be transferred in tranches, depending on the inspections during construction work.
You have 2 years to refurbish your home. The loan will be transferred in tranches, depending on the inspections during construction work.
What do you need?
What do you need?
To be over 18 years old
To be over 18 years old
To submit the latest 3 payslips and the IRS validation code for the credit risk analysis
To submit the latest 3 payslips and the IRS validation code for the credit risk analysis
Budget with an estimated value for construction work
Budget with an estimated value for construction work

Frequently asked questions

Questions? We'll help

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.

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.

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 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 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 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.

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.

View more questions

Frequently asked questions

Questions? We'll help

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.

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.

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 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 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 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.

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.

View more questions

Apply for a mortgage on the app

Explore app
Screen of the Millennium App with Mortgage Credit Screen of the Millennium App with Mortgage Credit
Screen of the Millennium App with Mortgage Credit

Legal documents and other information

General Pre-Contractual Information

Download
¹ Conditions valid for proposals approved until 31/12/2025, and hired until 31/12/2026.
Subject to credit risk analysis.
The credit is granted by Banco Comercial Português S.A., without credit intermediation, and is guaranteed by a property mortgage. The granting of a mortgage is subject to the macroprudential rules of the Bank of Portugal. The interest rate applied (TAN) can assume negative values depending on the evolution of the respective index.
Advertising
This does not exempt the reading of the legally required pre-contractual and contractual information. Insurance sold by Ageas Portugal - Companhia de Seguros, S.A. and Ocidental - Companhia Portuguesa de Seguros de Vida, S.A.
Insurance Broker

Need help?

We are here for you

Need help?
Here you can find the answer to all your questions
Here you can find the answer to all your questions
View questions
Looking for a branch?
Find the nearest branch
Find the nearest branch
Find a branch
Need to call us?
Call whenever you need to
Call whenever you need to
View all contacts
Need help?
Here you can find the answer to all your questions
Here you can find the answer to all your questions
View questions
Looking for a branch?
Find the nearest branch
Find the nearest branch
Find a branch
Need to call us?
Call whenever you need to
Call whenever you need to
View all contacts