Prestige - Bank Millennium

Annual Percentage Rate (APR) is 6% and has been calculated with the assumption that WIBOR 6M is 2,38% (as of 30.11.2021), variable interest rate is 5,28% and will remain at the level defined for the initial period during the entire period of Agreement duration. The total amount of the mortgage loan (net of debt-financed costs) is 294 508 PLN, total amount to be paid by the consumer 599 241,49 PLN, total cost of the mortgage loan 304 733,49 PLN (including: loan approval fee 0 PLN, interest 274 760,37 PLN, fee for increased risk until an entry is made in the land and mortgage register for 6 months 1 472,52 PLN, fire and other accident insurance of the real property according to the offer available through the Bank 9 548 PLN, life insurance according to the offer available through the Bank 18 733,60 PLN, tax on civil law transactions 19 PLN and court charges for setting up the mortgage 200 PLN), loan tenor 28 years, loan instalment 1,669.41 PLN, number of instalments 341.\nThe calculation was made as of 2.12.2021 on a representative example, assuming that: the loan will be secured with a mortgage on a newly acquired real property worth 367 080 PLN, loan margin is 2,90% because the Customer has Konto 360°, subject to monthly payment of the salary or other net income into this account and possession of a debit card with this account as well as making non-cash transactions with this card at least 500 PLN per month. Konto 360° will then be run by the Bank free of charge and the debit card service fee for this account will be 0 PLN.\n

Fees, commissions and interest rates are specified in the Mortgage/Home Equity Loan Price List. Details regarding the 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 always evaluates the Applicant’s credit capacity and worthiness on a case-by-case basis; in justified cases it may refuse to grant the loan. The Customer may present, as security of the Bank’s receivables, real property or life insurance - outside the offer available through the Bank - under an insurance agreement concluded with an insurer from the list published by KNF. Granting a loan with an LTV (total value of the mortgage loan to value of the real property securing the loan) above 80%, however no more than 90%, is possible only with additional security in the form of high LTV risk insurance.\n\nDuring the period when a variable interest rate is applied there is a risk of interest rate fluctuations. The risk of interest rate fluctuations means that if the WIBOR 6M reference rate increases the interest rate on the loan will be higher; the amount of the monthly principal and interest instalment will then increase and this in turn increases the cost of interest and thus the total cost of the mortgage loan.\nIf the reference rate is zero or negative, the interest rate on the loan during this period will be equal to the Bank’s margin.