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 16.89%; total loan amount (net of credit-financed costs): PLN 28 546.20; total amount due: PLN 45 725.98; fixed interest rate 7.50%; total cost of the loan: PLN 17 179.78 (including: commission 2.49% (PLN 710.80); interest PLN 9 622.84; additional services PLN 6 846.14, including: insurance PLN 6 846.14, PLN 0 - fee for Konto 360° account, in case of booking minimum 1 000 PLN of external inflows on account and minimum 1 payment made with use of card issued to account/BLIK per month; otherwise, monthly account fee amounts to PLN 8); 78 equal monthly instalments of PLN 586.23. The calculation was made as of 27.06.2017 on a representative example.
The “Feel the lightness of low instalment” Promotion applies to consolidation loans granted under the condition of simultaneously concluding the Bezpieczna Pożyczka insurance agreement and also identifying the Bank as the beneficiary of death benefit under the insurance and making an assignment to the Bank of rights under this agreement. The Promotion is valid for Customers who do not have a cash or consolidation loan from Bank Millennium. Other terms and conditions of the Promotion are stipulated in the “Feel the lightness of low instalment” Promotion Regulations. The Promotion is valid from July 1st till November 17th 2017.
Representative example for consolidation loan with “Feel the lightness of low instalment” Promotion: Annual Percentage Rate (APR) is 14.69%; total loan amount (net of credit-financed costs): PLN 28 546.20; total amount due: PLN 43 369.58; fixed interest rate 6.20%; total cost of the loan: PLN 14 823.38 (including: 1.12% commission (PLN 319.72); interest PLN 7 749.04; additional services PLN 6 754.62, including insurance PLN 6 754.62); 78 equal monthly instalments of PLN 556.02. The calculation was made as of 27.06.2017 on a representative example.
The Bank assesses the Applicant’s credit capacity and creditworthiness on a case-by-case basis before granting a consolidation loan; in justified cases it may refuse to grant the loan. Detailed information about the loan is stipulated in the Rules and Regulations on Loans Granted to Individuals by Bank Millennium S.A. as well as in the Cash Loan Price List and Regulations on the Lowest Interest Rate Guarantee Offering, which are available in Millennium branches and on the www.bankmillennium.pl website. Detailed terms and conditions of providing insurance cover under Bezpieczna Pożyczka insurance by Towarzystwo Ubezpieczeń Europa S.A. and Towarzystwo Ubezpieczeń na Życie Europa S.A. are stipulated in the Bezpieczna Pożyczka Insurance Terms and Conditions and in the Product Sheet.