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Mortgage Loan in Flat for the Young

Don't let your dreams run away

Benefit from the Mortgage Loan with 0% commission on loan granting
(APR 4.59%)

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Fees, commissions and interest rate are stipulated in the Mortgage/Home Equity Loan Price List. Details concerning the principles and conditions for 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 www.bankmillennium.pl. The Bank will assess the Applicant’s credit capacity and creditworthiness on a case-by-case basis prior to granting the loan; in justified cases the Bank may refuse to grant it.

Annual Percentage Rate (APR) is 4,59% and was calculated at WIBOR 3M 1,73% (as at 31.10.2017). Total mortgage loan (without costs financed with the loan) is 265 000 PLN, total amount to be paid by the consumer is 439 280,82 PLN, variable interest rate 4,03%, total cost of mortgage loan 174 280,82 PLN (including: commission for loan granting 0 PLN, interest 155 948,58 PLN, commission for increased risk until mortgage entry is made in the land and mortgage register for 6 months 1 326 PLN, property insurance against fire and other accidents according to the offer available through the Bank 7 500 PLN, life insurance according to the offer available through Bank 9 287,24 PLN, PCC/tax on civil law transactions 19 PLN, court fee for establishment of mortgage 200 PLN), credit period 25 years, loan instalment 1 403,16 PLN, number of instalments 300. The calculation was performed as at 10.11.2017 on a representative example assuming that the loan will be secured with a mortgage on the newly purchased property, whereas the value of the property to secure the loan is 330 000 PLN, credit margin is 2,30% as the Client holds Konto 360° account, under the condition of monthly inflow of remuneration or another net income to this account and holding a debit card to this account, and performing with this card non-cash transactions in the amount of minimum 500 PLN per month. In case of Konto 360° account, this account is then kept by the Bank free of charge and the fee for the debit card to this account is 0 PLN.

In case of loans with variable interest rate, a standard offer on the Polish market, there is a risk of change of interest rates. The risk of change of interest rates means that if the reference rate grows, the interest rate for the loan will be higher, then the monthly principal and interest instalment will increase, which in return results in higher interest costs and thus in increase in the total cost of the mortgage loan.

Client may present property insurance or life insurance – acquired outside of the insurance offered by the Bank - concluded with any insurance company from the list published by KNF. Granting a loan with LTV (ratio between the total amount of the mortgage loan and the value of the property that is the security) above 80%, but not more than 90%, is possible only with an additional security in the form of high LTV risk insurance.

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Awards

  • Przyjazny Bank Newsweeka 2017

    Przyjazny Bank Newsweeka 2017

    1st place in categories: Bank for Kowalski, Mobile Banking
    2nd place in category: Bank in the Internet


  • BAI Global Innovation Awards 2017

    BAI Global Innovation Awards 2017

    Winner in the category Breakthrough Collaboration in Financial Services for e-administration in online banking


  • Global Finance 2017

    Global Finance 2017

    Bank Millennium among winners in this year's international ranking


  • Euromoney Award for Excellence

    Euromoney Award for Excellence

    The Central and Eastern Europe's best bank for Corporate Social Responsibility


  • Golden Banker 2017

    Golden Banker 2017

    Bank Millennium wins in the category: Personal account.


  • Golden Bank 2017

    Golden Bank 2017

    Bank Millennium third in Poland in Golden Bank ranking: Best customer service


  • Golden Banker 2017

    Golden Banker 2017

    Bank Millennium wins in the category: Security – best practices.


  • 2017 Institution of the year

    2017 Institution of the year

    Bank Millennium named the best bank for online account opening process.


  • Service Quality Star

    Service Quality Star

    Bank Millennium was honoured with the prestigious Service Quality Star award.


  • Consumer’s choice

    Consumer’s choice

    The highest level of satisfaction and acceptance in the “Banking services” category.


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