Millennium BCP review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Millennium BCP suits Portuguese borrowers who want personal loans and home lending from a single regulated bank. Personal loans price at an APR of 11.2% with arrangement fees of 0 EUR (no formalization fee), and funding can be same day. Home loans add a fixed period of 2 years at a 3.45% initial rate.

Key facts

Best for
Portuguese borrowers who want personal loans and home lending from a single regulated bank.
APR
11.2% (Source, checked September 26, 2026)
Loan amount
€1,000 to €75,000 (Source, checked September 26, 2026)
Term
18 to 84 months (Source, checked September 26, 2026)
Arrangement fee
0 EUR (no formalization fee) (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Same day, credited to the account within the hour, with an instant online answer (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Legal entity
Banco Comercial Portugues, S.A. (Source, checked September 26, 2026)
Headquarters
Portugal (Source, checked September 26, 2026)
Founded
1985 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Features
Same-day funding
Official website
millenniumbcp.pt

Mortgages

Initial rate
3.45% (Source, checked September 26, 2026)
APRC
4.3% (Source, checked September 26, 2026)
Fixed period
2 years (Source, checked September 26, 2026)
Maximum loan to value
90% (Source, checked September 26, 2026)
Product fee
€0 to €748.80 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, First-time-buyer, Home-equity (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Banco Comercial Portugues, S.A. (Source, checked September 26, 2026)
Headquarters
Portugal (Source, checked September 26, 2026)
Founded
1985 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
Wikidata

Pros and cons

Pros

  • Personal loan amounts of €1,000 to €75,000 over terms of 18 to 84, set by the bank itself
  • Arrangement fees of 0 EUR (no formalization fee) on the personal loan, charged by the bank directly
  • Funding on the same day, with the answer given online as soon as you apply
  • A fixed period of 2 years on home loans, starting at a 3.45% initial rate

Cons

  • A hard credit check on applications, so a search can leave a mark on your file
  • Home loan lending caps at a 90% loan to value, so a bigger deposit is needed
  • Support runs on phone and help centre only, with no live chat or email channel listed
Millennium BCP

Ready to try Millennium BCP?

Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Portuguese residents borrowing for a home purchase, a remortgage or home equity
  • Anyone who prefers a direct lender, direct lender, to a broker or marketplace
  • Borrowers who need the money in the account the same day as the decision

Who should look elsewhere

  • Borrowers after a no-interest option, since Cashspace ES quotes an APR of 0%
  • Anyone who wants a wider rate spread to shop across, since Monzo Flex prices at 10% to 23%
  • Applicants with a thin credit file, given the hard check on every application

How it compares on our data

On loan amount, Millennium BCP places at 286 out of 685 brands in the listing. On APR it sits at 168 of 350. Both places are mid table, so the rate and the fees on your own case matter more to you than the ranking.

How your money is protected

Millennium BCP is a direct lender, direct lender, so you deal with the bank itself and no intermediary sits between you and the contract. The lending is licensed in Portugal under 33, with the rate, the servicing and the account all handled by the same regulated bank.

How Millennium BCP compares

Where Millennium BCP is available

Available
Portugal
Licence in Portugal
Banco de Portugal (BdP) (33), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Millennium BCP charge on a personal loan?+

The personal loan is priced at an APR of 11.2%, which sits under the site median of 12%, though each applicant is quoted on their own file. Loans run €1,000 to €75,000 over terms of 18 to 84.

What fees does Millennium BCP charge?+

Arrangement fees on personal loans are 0 EUR (no formalization fee), so the figure for taking the facility out is covered by that line. Home loans are priced differently: fees on the home loan campaign run €0 to €748.80, so the amount attached to your case is the one that counts.

How much can I borrow and over what term?+

Personal loans cover €1,000 to €75,000 with terms of 18 to 84, and Millennium BCP is a direct lender, direct lender, so the bank sets both figures. Home lending sits on its own range, borrowing up to a 90% loan to value.

Is Millennium BCP regulated?+

Yes. Millennium BCP is licensed in Portugal under 33. The bank lends as a direct lender, direct lender, so the contract runs with the bank itself rather than with a broker or a comparison site.

Will applying leave a mark on my credit file?+

Yes. The personal loan runs a hard credit check rather than a soft search, which means lenders you apply to later can see the enquiry. There is no lighter prequalification step listed ahead of the full check.

How quickly is money paid out?+

Personal loans carry same-day funding, with the answer given online as soon as you apply. Once a decision is made, the money reaches your account the same day. Same-day funding is a common feature, appearing in 82.9% of listings.

What are the home loan terms?+

The home loan campaign lists an initial rate of 3.45% and an APRC of 4.3%, fixed for 2 years, with lending up to a 90% loan to value. It covers purchase, remortgage and first time buyer.

Who is Millennium BCP likely to suit?+

Portuguese borrowers who want personal loans and home lending from the same bank. The loan range centres on personal borrowing, with home loans alongside, and support runs on phone and help centre for most questions.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Representative example.

Millennium BCP

Millennium BCP

Portuguese borrowers who want personal loans and home lending from a single regulated bank.

9.1/10See alternatives

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