Personal account Overdraft Limit

Get 45 days without interest (APR 8.94%)

Check our special offer and increase your account balance

Activate current account overdraft and enjoy an interest-free period of 45 days counting as of the day your account first becomes overdrawn (APR 8.94%).

The special offer is valid till 31 August 2017 and is available for Customers who do not have an active current account overdraft.

Details are available in Special offer Regulations.

Want to get even more? Activate your overdraft within 90 days of account opening and avoid paying the activation fee (APR 10.46%). The special offer is valid till 31 January 2018.

About the limit

Personal account overdraft limit granted to the Holder of Konto Osobiste Prestige in PLN to finance any consumer goals means:

  • Capacity to use any amount of credit within the personal account overdraft limit and to repay any amount of overdraft at any time.
  • Easy access to credit funds on the account through Millenet, TeleMillennium or Millennium VISA Prestige debit card.
  • Attractive interest rate calculated on the utilised amount and not the total Limit.
  • No interest when the Limit is utilised by not more than 7 days of your choice in the settlement month (APR 11,50%).
  • Automatic debt repayment with every deposit made on the account.
  • Option of automatic renewal on the same conditions (in particular, amount and interest rate) after 12 months.

Your personal account overdraft means:

  • a flexible form of financing your current needs - also unexpected expenses,
  • attractive interest rate calculated on the amount expended, and not on the entire overdraft limit,
  • no interest when the overdraft is used for not longer than any 7 days a month (APR 11,50%),
  • no need to remember to repay your monthly instalment, as every incoming payment to your account repays the used overdraft limit and renews its value,
  • individual Overdraft limit amount, dependent on your income or account turnover.

 

Information about the cost of loan

Conditions

Take it to Bank Millennium! We can offer you better terms and conditions - attractive interest rate.

If you have any overdraft facility in another bank:

1. Visit any Bank Millennium Financial Centre and take your last statement from another bank. Our employee will present You an Overdraft offer and inform you what limit You may get. You will also be informed on the required documents.

2. Compile the required documents and submit them at a branch.

3. A Bank employee will inform You when the documents are ready to be signed. Having read the Overdraft Agreement, the Regulations and the table of fees and charges, you will be able to sign the Overdraft Agreement and enjoy access to additional funds.

If you don't have an overdraft facility yet:

1. Visit any Bank Millennium Financial Centre. Our employee will present You an Overdraft offer and inform You what limit You may get. You will also be informed on the required documents.

2. Compile the required documents and submit them at a branch.

3. A Bank employee will inform You when the documents are ready to be signed. Having read the Overdraft Agreement, the Regulations and the table of fees and charges, You will be able to sign the Overdraft Agreement and enjoy access to additional funds.

More details

For detailed information contact your nearest Bank Millennium Financial Centres

Additional information

Information about the loan cost

Detailed information on the authorised overdraft limit are provided in the General Rules of provision of banking services to individuals in Bank Millennium SA and in Service Price List available in the bank’s branches and on the web site www.bankmillennium.pl. Prior to granting of the overdraft limit, the bank, each time, performs assessment of creditworthiness and credit capacity of an Applicant and, in justified cases, has the right to refuse granting of the limit. Detailed information on the special offer and Promotion is provided in the „Rules Governing Special Offer of Personal Account Authorised Overdraft Limit” and the Rules of Promotional Campaign „No Interest on Overdraft for a Start” available in Bank branches and on web site www.bankmillennium.pl. Detailed information on the personal account and cards to account can be found in the Service Price List and the General Rules Governing Provision of Banking Services to Individuals in Bank Millennium SA, available in the Bank’s branches and on www.bankmillennium.pl.

Minimum overdraft limit is 500 PLN.

Representative example of overdraft limit with no granting fee and under promotion „No Interest on Overdraft for a Start”: Annual Percentage Rate (APR) amounts to 8,94%, total credit amount (without credit financed costs): 3 453,98 PLN, total amount to be paid: 3 727,42 PLN, variable interest rate 10,00%, total credit cost: 273,44 PLN (including: fee 0% (0 PLN), interest 273,44 PLN, insurance 0 PLN, additional services 0 PLN – fee for Konto 360° account, in case of booking minimum 1000 PLN of external inflows on account and minimum 1 payment made with use of card issued to account/BLIK per month; otherwise, monthly account fee amounts to 8 PLN, lending term: 12 months, throughout the term limit is fully utilised, monthly interest payment, repayment of principal in a single tranche at maturity. The above has been calculated as on 20.04.2017 on a representative example.

Representative example of overdraft limit with no granting fee: Annual Percentage Rate (APR) amounts to 10,46%, total credit amount (without credit financed costs): 3 453,98 PLN, total amount to be paid: 3 799,38 PLN, variable interest rate 10,00%, total credit cost: 345,40 PLN (including: fee 0% (0 PLN), interest 345,40 PLN, insurance 0 PLN, additional services 0 PLN – fee for Konto 360° account, in case of booking minimum 1000 PLN of external inflows on account and minimum 1 payment made with use of card issued to account/BLIK per month; otherwise, monthly account fee amounts to 8 PLN, lending term: 12 months, throughout the term limit is fully utilised, monthly interest payment, repayment of principal in a single tranche at maturity. The above has been calculated as on 01.02.2017 on a representative example.

Annual Percentage Rate (APR) amounts to 11,50%, total credit amount (without credit financed costs): 3453,98 PLN, total amount to be paid: 3 829,77 PLN, variable interest rate 10%, total credit cost: 375,79 PLN (including: fee 0,88% (30,39 PLN), interest 345,40 PLN, insurance 0 PLN, additional services 0 PLN – fee for Konto 360° account, in case of booking minimum 1000 PLN of external inflows on account and minimum 1 payment made with use of card issued to account /BLIK per month; otherwise monthly account fee amounts to 8 PLN), lending term: 12 months, throughout the lending term overdraft limit is utilised in full, monthly interest payment and principal repayment in a single tranche at maturity. The above has been calculated as on 01.02.2017 on a representative example.