Mortgage loans in CHF
Do you have a loan in francs? See how we can help you.
Bank Millennium prepared a number of solutions available for the Swiss franc borrowers.
For more information about your mortgage loan:
our online banking system
from Monday till Friday between 8:00 and 20:00
If you want to change the day on which your mortgage loan instalment will be collected, download and fill out the application below. You may file your application at any Bank Millennium branch.
Download and fill out your application, for a certificate or opinion about the loan at Bank Millennium. Before filing the document at the branch, specify the reason for issuance of the certificate.
If you want to overpay or make an earlier repayment of your loan, you may do it online (Loans > List of loans > Details > Earlier repayment), over the phone or at the branch.
You may file your application for credit holidays on your own at Millenet (in the details of your loan), over the phone at TeleMillennium or at any branch of the Bank.
You may file your application for shortening the grace period online, upon logging into Millenet (Loans > Detailed information > More), over the phone and on your own - at any branch.
The Bank reviews also Clients’ applications for a number of other changes in the loan agreement, for instance, grace period, change of loan collateral, increase in the loan amount, etc.
In Bank Millennium Group the Millennium Bank Hipoteczny S.A. was established, the main purpose of which is to obtain long-term funding by means of issuing covered bonds. Underlying the issue are receivables under mortgage-backed loans gradually transferred from Bank Millennium.
Please read the information on transferring mortgage loans to Millennium Bank Hipoteczny. This information is valid for Customers who received from Bank Millennium notice of the intention to transfer their loan to Millennium Bank Hipoteczny.
Millennium Bank Hipoteczny belongs entirely to Bank Millennium, which holds 100% shares in shareholders’ equity.
Transferring loans granted by Bank Millennium to Millennium Bank Hipoteczny allows obtaining long-term funding of mortgage loans by issuing covered bonds.
Covered bonds are registered or bearer securities, underlying which are the receivables of a mortgage bank collateralised against mortgages. In a covered bond the mortgage bank undertakes to the eligible person to make specified payments.
Loans are transferred to Millennium Bank Hipoteczny on the basis of a debt assignment agreement concluded between the Banks, pursuant to Art. 509 § 1 of the Civil Code. Pursuant to this provision, the creditor (in this case Bank Millennium) may, without the debtor's consent, transfer the debt to a third party (in this case it is Millennium Bank Hipoteczny). The transfer of the loan means a change of the loan creditor from Bank Millennium to Millennium Bank Hipoteczny.
Before acquiring loan receivables Millennium Bank Hipoteczny must determine the mortgage lending value of the real property, which collateralises the transferred loan. For this purpose a property appraiser working for Millennium Bank Hipoteczny takes photographs of the real property from the outside only. The appraiser will not photograph the real property from the inside and thus will not ask for permission to enter the premises. The requirement to appraise the mortgage lending value of the real property stems from the Act of 29 August 1997 on Covered Bonds and Mortgage Banks as well as Recommendation F on basic criteria applied by the Polish Financial Supervision Authority when approving regulations governing determination of mortgage lending value of property, as issued by mortgage banks.
The Bank shall update the information below on a monthly basis, by 9:30 a.m. of the first working day of the month.
In order to find out what the reference rate is, which underlies the interest rate on your loan, select the date when your loan agreement was concluded:
Loan currency | Reference rate | Amount |
---|---|---|
CHF | SAR3MC + correction (previously LIBOR CHF 6M)* | 1,2734% |
PLN | WIBOR 3M | 5,7700% |
USD | LIBOR USD 6M | 4,6821% |
EUR | EURIBOR 6M | 3,1050% |
Loan currency | Reference rate | Amount |
---|---|---|
CHF | SAR3MC + correction (previously LIBOR CHF 6M)* | 1,2734% |
PLN | WIBOR 3M | 5,8500% |
USD | LIBOR USD 6M | 4,6821% |
EUR | EURIBOR 6M | 3,1050% |
Loan currency | Reference rate | Amount |
---|---|---|
CHF | SAR3MC + correction (previously LIBOR CHF 3M)* | 1,2024% |
PLN | WIBOR 3M | 5,8500% |
USD | LIBOR USD 3M | 4,8537% |
EUR | EURIBOR 3M | 3,2790% |
Loan currency | Reference rate | Amount |
---|---|---|
PLN | WIBOR 3M | 5,86% |
Loan currency | Reference rate | Amount |
---|---|---|
CHF | SAR3MC + correction (previously LIBOR CHF 3M)* | 1,21% |
Month of payment of first loan instalment | Reference rate | Amount |
---|---|---|
January, April, July, October | WIBOR 3M | 5,86% |
February, May, August, November | WIBOR 3M | 5,86% |
March, June, September, December | WIBOR 3M | 5,85% |
Month of concluding the loan agreement | Reference rate | Amount |
---|---|---|
January, April, July, October | WIBOR 3M | 5,8500% |
February, May, August, November | WIBOR 3M | 5,8600% |
March, June, September, December | WIBOR 3M | 5,8500% |
* From 1 January 2022 in place of to-date LIBOR CHF 3M and LIBOR CHF 6M reference rates SAR3MC (ISIN CH0477123902) shall be applied plus a fixed adjustment spread as stated in the Regulation, i.e.:
Legal basis: Commission Implementing Regulation (EU) 2021/1847 of 14 October 2021 on the designation of a statutory replacement for certain settings of CHF LIBOR
** The WIBOR 3M reference rate, on the basis of which the Bank calculates the interest rate on the loan for next 3 months of validity of the mortgage loan agreement changes in 3-month cycles on the same day of the month, on which the Agreement was signed. For purposes of calculation of the interest rate, valid for the next 3 months, the Bank takes the value of the WIBOR 3M reference rate from the last working day of the month preceding the month, in which its change takes place.
Note: In the month, in which the loan interest rate is changed due to the end of another 3-month cycle, the interest rate is calculated as follows:
Month of concluding the loan agreement | Reference rate | Amount |
---|---|---|
January, July | WIBOR 6M | 5,8600% |
February, August | WIBOR 6M | 5,8700% |
March, September | WIBOR 6M | 5,8600% |
April, October | WIBOR 6M | 5,8500% |
May, November | WIBOR 6M | 5,8700% |
June, December | WIBOR 6M | 5,8600% |
***The WIBOR 6M reference rate, on the basis of which the Bank calculates the interest rate on the loan for next 6 months of validity of the mortgage loan agreement changes in 6-month cycles on the same day of the month, on which the Agreement was signed. For purposes of calculation of the interest rate, valid for the next 6 months, the Bank takes the value of the WIBOR 6M reference rate from the last working day of the month preceding the month, in which its change takes place.
Note: In the month, in which the loan interest rate is changed due to the end of another 6-month cycle, the interest rate is calculated as follows:
Do you have a loan in francs? See how we can help you.
Bank Millennium prepared a number of solutions available for the Swiss franc borrowers.
Do you have a loan and are you in a difficult financial situation?
The support is granted on the grounds of the Act of 9th of October 2015 on support of mortgage borrowers in difficult financial situation (Journal of Laws Dz.U. of 2015 item 1925).
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