08.05.2017
No-fee Mortgage loan in Bank Millennium’s standard product range
The current promotion with 0% fee for approval of a personal mortgage is now part of the bank’s standard product range. The bank also cancelled the fee for early mortgage loan repayment during the whole tenor. The offering is available for everyone and there are no additional requirements to be met.
Waiver of the fee for mortgage loan approval and for early repayment during the entire tenor applies to all mortgage products for personal customers – mortgage loan, Home for the Young programme mortgage, Consolidation Loan as well as Home-Equity Loan.
- Customers have readily taken up the 0% loan approval fee; this is why we decided to make the zero fee part of the standard offering. We have also gone a step further and in response to customers’ expectations we cancelled the fee for early loan repayment at any time during the tenor. We want customers to have greater access to mortgages and that our offering is as simple and transparent as possible - Agata Chrzanowska, Director of Mortgage Loans Sub-unit in Bank Millennium said.
The bank additionally simplified the margins table i.e. eliminated the amount ranges applied earlier and limited LTV ranges. Meanwhile active customers, applying for a mortgage in Bank Millennium, can still get a spread reduction:
- by 0.3 p.p. if they have an account with a debit card in Bank Millennium and make card payments in the minimum amount of PLN 500 per month;
- by 0.5 p.p. if they have an account with a debit card in Bank Millennium, the account is credited every month with the salary or net income and make card payments in the minimum amount of PLN 500 per month.
New price ranges
| LTV range | Loan margin after 0.5 p.p. reduction |
|---|---|
| Up to 60% | 2,0% |
| 60,01% - 80% | 2,2% |
| From 80.01% | 2,3% |
Read more: https://www.bankmillennium.pl/individuals/mortgage-loans