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Bank Millennium has made available a remote loan application process for new customers


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Bank Millennium has provided a unique process for applying for a cash loan for new customers. The loan is granted based on the verification of identity and income on an account in another bank, which is credited with the customer's remuneration. The offer is available without commission for granting and with a competitive interest rate.

- When designing the new process, we drew on our extensive experience in using open banking to confirm identity or recognize income. This application for people who have not yet used the services of Bank Millennium will be the first meeting with friendly banking that we offer to our clients. It is as simple, intuitive and transparent as the one available in Millenet online banking and mobile application, which the bank's customers rate very highly , said Tomasz Brzostowski, Head of the Digital Sales Sub-unit at Bank Millennium.

New customers can apply for a cash loan through the bank's website. The application process has been designed using proven solutions available in Bank Millennium's online and mobile banking systems, which are appreciated by customers. The assessment of the loan application for current customers based on the surveys of users who have used it is 4.5 out of a total of 5 points.

– We have prepared an attractive loan offer, available completely online and without unnecessary formalities. Now our new customers can quickly and conveniently apply for additional cash from the bank's website. After positive verification and just a few minutes from the start of the process, they will be able to sign a contract and then use the money with an attractive interest rate and without commission – said Waldemar Jarek, head of the Consumer Finance Sub-unit at Bank Millennium.

Customers can apply for a loan in the amount of from 1,000 PLN to 40,000 PLN for a period from 6 up to 70 months. It is available with a commission of 0 PLN and with a fixed interest rate during the entire loan period: 11.99% (APRC 12.67%). The customer can also take out a loan with insurance protecting against the effects of unforeseen random events.

To take advantage of the online cash loan offer, new customers do not have to provide any documents to the bank. The application path is very intuitive and convenient. Just go to the bank's website and select the Borrow cash button in the upper right corner or in the Loans tab in the Online loan in promotion (APRC 12.67%) section select the Take a loan option. The next step is to complete the online application and provide the account history from another bank. Then the system will ask you to log in to online banking and select an account that is credited with the customer's remuneration.

During the processing of the application, the customer also opens a Millennium 360º account with access to electronic banking, thanks to which he can freely manage his loan. In the last step, the customer accepts the loan agreement by entering the SMS code on the application. The cash loan is disbursed and the money is transferred to the new Millennium 360º account.

Promotion details, including the Regulations, are available on the bank’s website at:

Legal note

Representative example for online Cash Loan in promotion for new customers: Annual Percentage Rate of Charge (APRC) is 12.67%; total loan amount (net of debt-financed costs): 25 000.00 PLN, total amount due: 33 359.09 PLN, fixed interest rate 11.99%, total cost of the loan: 8 359.09 PLN (including: 0% fee (0 PLN); interest 8 359.09 PLN; 60 equal monthly payments of 555.98 PLN; first payment due after 30 days from disbursement of loan proceeds. The calculation was made as of 15.10.2022 on a representative example.

The promotion of online cash loans is valid till 20.01.2023 and applies to cash loans granted for a selected period from 6 to 70 months with amount to be disbursed under the agreement from 1000 PLN to 40 000 PLN.

The promotion is available to Customers who as of the day of submitting the application are not bound with the Bank by any agreement, who conclude with the Bank an agreement on bank accounts, debit card as well as access to services via electronic banking channels, who agree to receiving of commercial information via electronic channels and by phone and agree to processing by the Bank of contact data for the purpose of sending by the Bank of information regarding products and services of companies cooperating with the Bank.

The Promotion may not be combined with other promotions of cash loans. Detailed terms and conditions of the Promotion are stipulated in the Regulations of the online loan for new Customers.

Details concerning granting of loans are stipulated in the Regulations on Loans Granted to Individuals by Bank Millennium S.A. Valid fees, commissions and interest rate are charged in accordance with the Price List of “Cash loan: Interest rate, fees and commissions”. The above-mentioned documents are available in the Bank’s branches and on the website. Before granting a loan the Bank evaluates the applicant’s credit capacity and worthiness on a case-by-case basis. In justified cases it may refuse to grant the loan.