• Application for information about the loan Downloadlink opens in new window (In Polish)
• Documents confirming your identity (ID or passport)

• value estimate of the property
• copy of the entry in the land and mortgage registry- applies to real estate securing the loan

Additionally, if the loan is secured by a single-family home or by an undeveloped plot of land, the following may be required:

• final occupancy permit, or – if the former is not required by law – certificate of the completion of the construction along with the information on the lack of objection lodged certified by relevant authorities, or the decision on the amount of real-estate tax
• copy of the entry in land registry or copy of the survey map
• certificate of copy from the entry in the local spatial development plan confirming real estate use classification

• Employment and income certificate Download link opens in new window
• Employment and income certificate (English version) Download link opens in new window
• Extracts from the current account for the period of the last 3 months

Margin reduced by 0,5% for Clients who fulfil the below conditions throughout the credit period:

• they are holders of personal account at Bank Millennium, to which remuneration or net income are transferred every month, and
• they are users of debit cards for account at Bank Millennium and perform card transactions in amount of minimum 500 PLN per month.

The Fees, commissions and interest rate are specified in the Mortgage/Home Equity Loan Price List. Details regarding principles and conditions of granting loans are stipulated in the Regulations on Lending to Individuals in Mortgage Banking in Bank Millennium S.A. The Regulations and the Price List are available in the Bank’s branches and on the www.bankmillennium.pl. 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. Customer may present, as security of the Bank’s receivables, real property or life insurance - not from the offer available via the Bank - under an insurance agreement concluded with an insurer from the list published by KNF.

Annual Percentage Rate (APR) is 4,94% and was calculated with the assumption, that WIBOR 3M is 0,21% (as of 31.03.2021), variable interest rate is 4,26% and will remain at the level defined for the initial period during the entire period of validity of the Agreement. Total amount of the mortgage loan (net of loan-financed costs) is 156 522 PLN, total amount to be repaid by the consumer 255 713,46 PLN, total cost of the home equity loan 99 191,46 PLN (including: fee for loan approval 0 PLN, interest 87 074,18 PLN, fee for increased risk until entry is made in the land and mortgage register for 6 months 782,64 PLN, fire and other accident insurance of the real property as per the offering available through the Bank 6 210 PLN, life insurance as per the offering available through the Bank 4 905,64 PLN, tax on civil law transactions 19 PLN and court charges for setting-up the mortgage 200 PLN), loan tenor 22 years, loan instalment 902,21, number of instalments 270. Calculation made as of 14.04.2021 on a representative example, assuming that: the loan will be secured with a mortgage on the newly acquired real property worth 308 965,65 PLN, loan margin is 4,05% because the Customer has Konto 360°, conditional on monthly inflow of salary or other net income to the account and possession of a debit card with this account as well as making non-cash transactions with this card in the minimum amount of 500 PLN per month. Then Konto 360° will be keep by the Bank free of charge and the fee for service of the debit card will be 0 PLN.

Meanwhile during the period when variable interest rate is applied there is the risk of change of interest rates. The risk of change of interest rates means that in case of increase of the level of WIBOR 3M reference rate the interest rate on the loan will be higher; then the amount of the monthly principal-interest instalment increases and this in turn will cause an increase of the cost of interest and thus increase of total cost of the home equity loan. If the reference rate is zero or negative, the interest rate on the loan during this period shall be equal to the Bank’s margin.