Information for customers who have mortgage and home equity loans in Swiss francs

Bank Millennium prepared a variety of solutions available to borrowers who have mortgage loans in Swiss francs:

  • Application of negative LIBOR in determining the interest rate on the mortgage loan (since 01.01.15),
  • for settling transactions related to loans in CHF, the Bank will apply the exchange rate which is equivalent to the average NBP exchange rate for CHF published in Table A - Average exchange rates of foreign currencies on the day preceding the day of publication of the CHH exchange rate in the Exchange Rate Table. We would also like to inform that in case when the sale rate of the CHF currency from the Bank's Foreign Exchange Rate Table, the Currency section, published on the date of maturity of the liabilities resulting from the CHF-indexed mortgage loans or denominated in CHF, will be more favourable than the CHH rate published in the Exchange Table on that day, for the purposes of fulfilling clients' liabilities and orders, the rate most beneficial for the borrower, from the two rates, will be applied
  • Additional payment to an instalment when the negative reference rate exceeds the spread,
  • The possibility of converting currency of the loan to PLN with the use of simplified procedure - you want to know more, call us at: +48 22 598 40 60,
  • Loan holiday ie. the possibility to suspend of loan payment for 1 month,
  • Possibility of extending loan tenor,
  • Grace on repayment of capital.

Please be advised that in case of changes where it is necessary to sign an annex to the loan agreement, we will not charge any fees.

We hope that the above solutions will make loan service easier for you.

Interest rate and rules of its calculation on mortgage loans in the first quarter of 2021

As of January 1st 2015 we have been reflecting the negative value of LIBOR reference rate when calculating interest rate on CHF mortgage loans. Each update of interest rate on mortgage loans in CHF is made in keeping with terms and conditions stipulated in the loan agreement, with consideration of proper LIBOR.

The interest rate on residential loans indexed to CHF taken after 1 January 2005 is changed every quarter. Therefore in the first quarter 2021 the LIBOR rate used for calculation of the interest rate is -0,7638%.

The next update of interest rate shall be on 1 April 2021.

To find out what the reference rate used for calculating the interest rate on your loan is, please choose the date of signing your loan agreement. Check


Additional information about servicing of mortgage loans can be obtained:

  • From our mortgage product specialists. They are ready to answer your questions from Monday to Friday from 8.00 a.m. to 8.00 p.m. at: +48 22 598 40 60,
  • Via TeleMillennium at 801 333 333,
  • In Millennium branches.