• Application for information about the loan
• Documents confirming your identity (ID or passport)

1. Value estimate of the property

To make a credit decision, we will need a value estimate of the flat/house prepared by a property valuation expert.

If you do not have an appraisal report, you can use the Bank's support in obtaining it. You just need to:

• order the appraisal report when submitting the loan application (or at a later stage) and choose one of the two nationwide suppliers cooperating with the Bank
• you will pay the report by bank transfer directly to the supplier's account (the Bank does not charge any fees for assistance in ordering the report)
• in just a few minutes, your order and the required documents will be delivered to an expert
• for your safety, the appraiser may conduct an on-line inspection without a physical visit to the flat/house
• you will receive the report even within 3-4 days (from the moment of inspection) in electronic and/or paper form
• at the same time, the report will be made available to the Bank, which will shorten the time to issue a credit decision

Current price list of suppliers cooperating with the Bank:

• 499 PLN a flat, garage, undeveloped land
• 799 PLN single-family residential building, semi-detached house, residential unit in a terraced or semi-detached building

You can also provide us with your appraisal report made by an authorized property appraiser. Check the Central Register of Property Appraiserslink opens in a new card.

2. 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 File PDF opens in a new card
• Employment and income certificate (English version) Download File PDF opens in a new card
• Extracts from the current account for the period of the last 3 months

You can reduce your mortgage interest rate by up to 0.6 percentage points (p.p) if you meet all the conditions described below:

• you have or open a personal account with our bank
• your salary or other net income is transferred to your personal account in Millennium every month
• you spend PLN 500 each month using a debit card assigned to this account
• you take advantage of Życie pod ochroną insurance through us

Życie pod ochroną is a voluntary individual insurance with insurance cover provided by Towarzystwo Ubezpieczeń na Życie Europa S.A. Bank Millennium is an insurance agent, which acts on behalf of TU na Życie Europa S.A. and through it you can conclude the insurance contract. Detailed information is described in the General Terms and Conditions of Insurance and the Product Card, which you can find hereplik PDF otwiera się w nowej karcie.

You will maintain a reduced interest rate of up to 0.6 p.p. until the end of the loan period if you meet all the conditions described below:

• in each of the following 55 calendar months after the month in which we disburse the loan, your salary or other net income is transferred to your personal account with our bank
• in each of the following 55 calendar months after the month in which we disburse the credit, you spend 500 by paying with a debit card assigned to this account
• you maintain Życie pod ochroną insurance for 36 consecutive calendar months after the month in which we disburse the credit

If the mortgage has been granted to more than one borrower, Życie pod ochroną must be used for 36 months by all of them, who are required to provide security for the repay Życie pod ochroną contract.

You maintain your right to the discount even if you do not meet the conditions of paying with a debit card and receiving salary into the account in any 5 calendar months.

You can reduce your interest rate by up to 0.4 percentage points (p.p.) if you meet all the conditions described below:

• you have or open a personal account with our bank
• your salary or other net income is transferred to your personal account in Millennium every month
• you spend PLN 500 each month using a debit card assigned to this account

You will maintain a reduced interest rate of up to 0.4 p.p. until the end of the loan period if you fulfil all the conditions described below in total:

• in each of the following 55 calendar months after the month in which we disburse the loan, your salary or other net income is transferred to your personal account with our bank
• in each of the following 55 calendar months after the month in which we disburse the credit, you spend 500 by paying with a debit card assigned to this account

You maintain your right to the discount even if you do not meet the conditions of paying with a debit card and receiving salary into the account in any 5 calendar months.

You can reduce the interest rate by 0.2 percentage points (p.p.), and keep the reduction until the end of the loan period, if in each of the following 55 calendar months calendar months after the month in which we disburse the loan you fulfil all the conditions described below:

• you have or open a personal account with our bank
• you spend PLN 500 each month paying with a debit card to this account

You maintain your right to the discount even if you do not meet the conditions of paying with a debit card and receiving salary into the account in any 5 calendar months.

If you value peace of mind and want to be sure that your mortgage loan payment will not change during the next 5 years, consider the fixed rate loan. A fixed interest rate is available for mortgage loans in PLN.

• Selecting a loan with a fixed interest rate you have 30 days to accept the credit decision and to sign the agreement.
• During the first 5-year period of validity of the fixed rate (during 60 months starting from the day of loan disbursement) you cannot switch over to a variable interest rate.
• After this period os over you can decide to have another 5-year period of fixed interest rate or to switch over to variable interest rate, which is the sum of the bank’s margin and the WIBOR 6M reference rate.
• If you choose another period, we will give you a proposal of the fixed interest rate for the next 5 years.
• If you do not accept the new fixed interest rate, after this period your loan will be subject to variable interest rate and your monthly payments will depend on WIBOR and the margin defined in the loan agreement.
• If you accept the terms and sign the annex to the loan agreement, you will be able to enjoy the fixed rate with the new terms during the next 5 years.
• If you already have a loan in PLN with variable interest rate, you can apply for change to a fixed interest rate, valid during 5 years.

If periodically fixed interest rate is used, it will remain valid for 5 years. During this period the monthly principal-interest payment of your loan will not change, because it does not depend on change of the benchmark. There is the risk however, that during the fixed interest rate period your monthly payment may be temporarily higher than if it were calculated on the basis of the current WIBOR 6M reference rate, used as the benchmark in calculating variable interest rate. After the a/m 5-year period you can choose to apply periodically fixed interest rate (note: it ,may differ from the interest rate in the previous period) for another 5-year period (it will be the same in case of subsequent periods) or to apply a variable interest rate.

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 6M 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 mortgage 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.

You can change the interest rate on your loan or mortgage to a periodic fixed rate for 5 years. After this time, your loan will automatically revert to a variable interest rate based on WIBOR. You can also reapply to change to a periodic fixed rate on new terms for another 5 years.

How to do it?

• You apply to change the interest rate on your mortgage or loan at any bank branch.
• You apply to change the interest rate on your mortgage or loan at any bank branch.
• You sign an annex to the contract. The cost of the annex is 200 PLN.
• Remember that the application and the annex must be signed by all borrowers.

You can change the interest rate method if:

• your credit is in PLN,
• you are creditworthy and pay your instalments on time,
• you have no less than 5 years left to the end of the loan term (from the date of signing the interest rate adjustment annex).

From 1 March 2023 we have suspended the offer of mortgage loans with variable interest rate options for the entire life of the loan.

Mortgage loans with a periodically fixed interest rate for the first 5 years remain in our offer.

The insurance covers your life and health. The insurer provides cover for the following events:

• death
• total inability to work and live independently
• a medical event entitling you to a second medical opinion

Życie pod ochroną is a voluntary individual insurance with cover provided by Towarzystwo Ubezpieczeń na Życie Europa S.A. Bank Millennium is an insurance agent, which acts on behalf of TU na Życie Europa S.A. and through it you can conclude an agreement for this insurance. Detailed information is described in the General Terms and Conditions of Insurance and the Product Card, which you can find hereplik PDF otwiera się w nowej karcie.

For a mortgage collateral is:

• mortgage on residential property entered in the first place in favour of Bank Millennium
• assignment of rights from the insurance policy against fire and other accidents
• against fire and other accidents life insurance policy with the Bank as the only beneficiary

The target loan collateral may be also a mortgage on the property other than that financed with the loan, owned by you or a third party.

APR for a periodically fixed interest rate

The Annual Percentage Rate (APR) for a mortgage loan with a periodically fixed interest rate is 8.88% and we calculated it with the following assumptions: the total amount of the mortgage loan (excluding borrowed costs) is 542,347 PLN, loan period 27 years, loan instalment 3,822.35 PLN, number of instalments 326, interest rate in the first 60-month period of the fixed rate 7.28%, and in the further loan period a variable interest rate of 8.49% (the sum of a fixed margin of 2.70% and the WIBOR 6M reference rate, which as of 29.11.2024 is 5.79%), loan secured by a mortgage on a newly acquired property with a value of 868,171 PLN. The margin is 2.70%, assuming that for 55 calendar months after the month in which we pay out the loan, you have a Millennium 360° account, this account is credited with your salary or other net income every month and you make non-cash transactions with the debit card to this account for the amount of min. 500 PLN per month and for 36 calendar months after the month in which we pay out the loan, you will remain a party to the life insurance agreement called ”Life under protection”, concluded through us (we act as an insurance agent of Towarzystwo Ubezpieczeń na Życie Europa S.A.). The total cost of the mortgage loan is 870,093.97 PLN. This amount includes commission for granting the loan 0 PLN, interest 807,183.43 PLN, real estate insurance against fire and other fortuitous events 21,190 PLN (available through us), life insurance 41,501.54 PLN (available through us), PCC tax 19 PLN and the court fee for establishing a mortgage 200 PLN. Account maintenance cost is 0 PLN. The fee for service of the debit card or BLIK contactless payments is 0 PLN, if in the previous month you pay at least once with the card or by BLIK, if you are aged 18-26 or 5 times, if you are aged over 26. Total amount due is 1,412,440.97 PLN. We made the calculations on 09.12.2024 on a representative example, assuming that you meet the conditions to maintain a reduced interest rate.

In the case of a mortgage loan with a periodically fixed interest rate, there is a risk that during the period of application of the fixed interest rate, your instalment may be higher than if it were calculated on the basis of the current WIBOR 6M reference rate, which is used in the calculation of the variable interest rate. After changing the interest rate on your loan to variable, an increase in the benchmark during the period of the fixed interest rate may cause a significant increase in the principal and interest instalment and thus the total cost of your loan. Furthermore, during the period when variable interest rate is applied there is the risk of increase of interest rate.  Its amount depends on the WIBOR 6M benchmark. If the benchmark increases, the interest rate on your loan will be higher and the monthly principal and interest instalment will increase. Then the total cost of the loan will also increase. If the benchmark applicable in a given interest period is zero or negative, the interest rate on your loan in that interest period will be equal to the margin.

Detailed terms and conditions under which we grant mortgage loans are described in the Regulations on Lending to Individuals in Mortgage Banking at Bank Millennium S.A. Fees and commissions that we charge, as well as the interest rate are indicated in the Price List of Mortgage Loan / Home Equity Loan. You can consult these documents in our outlets and on the www.bankmillennium.pl website. Before we grant you a loan, we assess your credit capacity and creditworthiness each time. In justified cases, we may refuse to grant you credit. As collateral for the loan, you can present property insurance or life insurance outside the offer available through us. Such an insurance contract should be concluded with an insurer that is on the list published by the Polish Financial Supervision Authority.

You can take advantage of an additional offer, which consists in reducing the interest rate if all borrowers obliged to establish loan security in the form of assignment of rights under the life insurance contract conclude a ”Life under protection” insurance agreement through us. When offering this insurance, we act as an insurance agent of Towarzystwo Ubezpieczeń na Życie Europa S.A. Using the ”Life under protection” insurance is not necessary to obtain a mortgage loan, but it does affect its pricing. The conditions that you must meet to maintain the reduction throughout the loan period can be found in the document General information on the mortgage agreement. Detailed rules for providing insurance cover, including information on the exclusions of the insurer’s liability, are described in the General Terms and Conditions of Insurance. A summary of the most important features of this insurance can be found in the Product Card – ”Life under Protection” Insurance. These documents are available in our branches and on the www.bankmillennium.pl website.

Bank Millennium S.A. with its registered office in Warsaw, ul. Stanisława Żaryna 2A, operates as an Insurance Agent and is entered into the Register of Insurance Agents under RA number 11162860/A (https://rpu.knf.gov.pl/). We perform agency activities for several insurers.