About the product

Multi-product line allows you to flexibly finance the current business of your company.

You can use many products under one agreement and one renewable global limit.

If you use simultaneously various forms of financing, as well as securing and settling commercial transactions, this solution can make sense for you. Under one agreement you get access to additional funds for current trading in your company and to instruments confirming your company's credit and ensuring security of business with your counterparties (guarantees and letters of credit).

The construction of the line and level of financing are adjusted to the Client's current needs and possibilities.

The sum of used funds under particular products must not exceed the global limit, but its structure of utilisation is up to you and at any moment you can adjust it to the current situation without signing an annex to the agreement.

Use the Millenet on-line banking system for monitoring detailed information on the level of debt and available funds.

Benefits:

  • Many products can flexibly be used under a single global limit.
  • You have access to many credit products under one agreement.
  • Effectively manage funds and easily change the global limit structure.
  • The global limit can be used in various foreign currencies.
  • You can establish one package of collateral for the whole limit.

Support for companies

Bank Millennium and the EIB Group (European Investment Bank and European Investment Fund) support small and medium-sized enterprises affected by the effects of COVID-19.

Thanks to this cooperation and with the support of the European Guarantee Fund you will:

  • get funds for working capital
  • increase the financial liquidity of your company
  • increase your investment potential
  • receive favorable financial conditions

Who can benefit from this solution?

  1. Entrepreneur from the SME segment according to the EU definition.
  2. An entrepreneur who does not operate in sectors excluded from the support of the European Investment Bank.
  3. An entrepreneur whose activities and investments do not have a negative impact on the environment and are not ethically and morally controversial.
  4. An entrepreneur who does not benefit from other public aid, e.g. BGK guarantees, subsidies.
  5. An entrepreneur who obtains a positive creditworthiness assessment.

Detailed information can be obtained from the Corporate Banking Advisor.

Channels of access to product information

Internet

Wherever you are, with internet access, you can check account balances and history on a 7/24 basis, also viewing information concerning other products i.e.: cards, loans, guarantees and letters of credit, standing orders or term deposits.

Corporate Branch

Get detailed information about Bank Millennium products by contacting Advisors in the Corporate Banking network.

Contact with Advisor

By phone

Our Consultants will provide you with detailed information and will carry out your instructions. 

801 31 31 31
line available for fixed-line and mobile calls

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Questions and answers

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  • 1. What is the loan period?

    The global limit is granted for one year, but particular products can be granted for longer periods e.g. line for guarantees/letters of credit up to 3 years, and charge cards up to 4 years.

     

  • 2. What is the maximum amount of a multi-product line?

    There is no money limit – the maximum amount depends on your needs and financial condition of your company.

  • 3. In what currencies can the line be given?

    Both the global limit and particular product limits are denominated in PLN. But it is possible to provide particular products in convertible currencies (most frequently in EUR, USD), and in the case of cards – make disbursements in currencies.

  • 4. What is the interest rate on the global limit?

    The global limit is not charged with interest. Only debt on the loan shall bear interest – according to a floating interest rate of 1M WIBOR/EURIBOR/LIBOR plus the Bank's margin.

     

  • 5. If I want to use many products, do I have to pay commission on each of them?

    Commissions are collected only on the global limit, they are not collected on loans. If you use - under the limit - bank guarantees, documentary letters of credit or charge cards, these products are subject to standard fees and commissions (in accordance with the standard Price List for Corporate Banking Clients).

  • 6. How is the loan repaid?

    Depending on the loan the balance of debt is reduced by the amount of each payment into the account (current account overdraft facility), or the Client himself makes repayments at a date convenient to him (revolving loan).

     

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