Prior to granting the loan, the Bank shall evaluate the Applicant’s credit capacity and creditworthiness on a case-by-case basis; in justified situations the Bank may refuse to grant the loan. For detailed information about the loan see our Cash loan regulations/Regulamin kredytów i pożyczek udzielanych Klientom indywidualnym przez Bank Millennium S.A. and Cash Loan Price List/Cennik Pożyczki Gotówkowej, and Lowest Interest Rate Guarantee Regulations/Regulamin oferty Gwarancja Najniższego Oprocentowania - in the Bank’s Branches and at www.bankmillennium.pl website. For the detailed principles of insurance coverage under Bezpieczna Pożyczka insurance from Towarzystwo Ubezpieczeń Europa S.A. and Towarzystwo Ubezpieczeń na Życie Europa S.A. see Terms & Conditions of Bezpieczna Pożyczka insurance and Product Card/Karta Produktu.
Annual Percentage Rate (APR) is 20,05%; total loan amount (net of credit-financed costs): 10 508,46 PLN; total amount due: 17 108,93 PLN; fixed interest rate 8,10%; total cost of the loan: : 6 600,47 PLN (including: commission 7,55% (793,39 PLN); interest 3 467,60 PLN; insurance 2 339,48 PLN; additional services 0 PLN); 69 equal monthly instalments of 247,96 PLN. The calculation was made as of 01.02.2017 on a representative example.
The “Marzysz czy spełniasz” (Dream or make it happen) Promotion applies to cash loans granted for a period from 6 to 36 months when the amount to be disbursed under the agreement does not exceed PLN 20,000. One of the conditions of eligibility for the Promotion is to conclude a Bezpieczna Pożyczka insurance agreement and to identify the Bank as beneficiary of the death benefit as well as making an assignment to the Bank of rights under this agreement. The Promotion is available to Clients who during the last 12 months up to the day of filing an application were not a party to an agreement on cash loan in the Bank. The Promotion does not apply to loans assigned for repayment of other credit products. The Promotion shall not be combined with other promotions concerning cash loans and with the offering for persons transferring their salary or net income. The Promotion can be had only once during its period. Detailed terms and conditions of the Promotion are stipulated in “Marzysz czy spełniasz” Promotion Regulations, available in the Bank’s branches and on www.bankmillennium.pl. The Promotion is valid from 3 June to 30 September 2017. The Promotion will become available via Millenet and the current Mobile App not later than on 1 August 2017.
The Promotion may be combined with the “Lowest Interest Rate Guarantee”. To get the Lowest Interest Rate Guarantee the Client must present – within 30 days of concluding a cash loan agreement with Bank Millennium S.A. – a loan agreement concluded with another bank or a European Consumer Credit Information form together with a credit decision for the same loan amount and tenor. Remaining terms and conditions of the offering are contained in the Cash Loan with “Lowest Interest Rate Guarantee” Regulations.
Details concerning the principles of granting loans are contained in the Regulations on Loans Granted to Individuals by Bank Millennium S.A. Fees, commissions and interest are charged as per the Cash Loan Price List. Detailed principles of granting insurance cover under Bezpieczna Pożyczka insurance by Towarzystwo Ubezpieczeń Europa S.A. and Towarzystwo Ubezpieczeń na Życie Europa S.A. are stipulated in Bezpieczna Pożyczka Insurance Terms and Conditions as well as in Product Sheet - Bezpieczna Pożyczka Insurance. The above-mentioned documents are available in the Bank’s branches and on www.bankmillennium.pl. Prior to granting the loan the Bank evaluates the Applicant’s credit capacity and creditworthiness on a case-by-case basis; in justified cases the Bank may refuse to grant the loan.
Representative example for Cash Loan with Marzysz czy spełniasz Promotion: Annual Percentage Rate (APR) is 23.16%; total loan amount (net of debt-financed costs): PLN 4,668; total amount due: PLN 5,850.89; fixed interest rate 4.99%; total cost of the loan: PLN 1,182.89 (including: commission 9.99% (PLN 466.33); interest PLN 316.08; insurance PLN 400.48; additional services PLN 0); 26 monthly equal instalments of PLN 225.03. The calculation was made as of 01.05.2017 on a representative example.