Promotion of the car loan MilleKredyt Auto

MilleKredyt Auto is allocated to purchase of new or second-hand passenger cars with total weight of up to 3,5 t. The loan is denominated in PLN or Euro and in the three-month promotional period it is granted without fee for preparation.
For a new car the maximum loan-to-value ratio amounts to 90%, whereas in case of second hand cars the loan-to-value ratio depends on the source of the car:

• Purchase from an authorised dealer - up to 70% of the minimum market price,
• Purchase from a natural person - up to 50% of the minimum market price,
• Clients with remuneration of minimum 5000 PLN net or deposits totalling 10000 PLN - up to 90% of the minimum market price.

The minimum loan amount is 5000 PLN.
 
The loan instalments may be decreasing or fixed, whereas the crediting period varies from 1 to 6 years (in case of second-hand cars the total of the credit period and age of the car may be up to 6 years).
In case of loans up to 1 year the interest rate may be fixed or variable, whereas in case of loans above 1 year - variable. The interest rate in PLN is calculated as WIBOR 6M + Bank's margin and in case of loans denominated in Euro the interest rate is EURIBOR 6M + Bank's margin.
 
Additionally, the Bank prepared a special price offer for its Clients. At maximum, the interest rate for the loan may be reduced by 2% for the loan to purchase a new car in PLN and by 1% for the loan to purchase a second-hand in PLN or a loan in Euro, in case the Client has at least one of the following products: Millennium credit cards - 1%, total assets >= 5 000 PLN - 1%, MilleKredyt DOM - 1%, active current account through last six months - 0,5%, Millennium Visa Electron card - 0,5%.