Mortgage loans

Mortgage calculator

Calculate the installment

Estimate creditworthy

The value of the property
The value of the credit
Repayment period in years
Instalment type
Monthly net income of the borrowers
The sum of the limits in ROR
and credit card limits
The sum of monthly installments
on loans and advances
The number of people in the household
Installment with the specified parameters
877
Interest

3.93 %

APRC

4.48 %

These calculations concern Mortgage Loan and Home for the Young offer and are for informational purposes only, they contain indicative data and are of no binding nature.

Cost of credit and legal note

Why Bank Millennium

Attractive offer and professional support throughout the process.

  • 0% commission for granting the loan (APR 4,60%)
  • 0% for earlier repayment
  • credit holidays once a year
  • 2017 Golden Banker

    2017 Golden Banker

    Second place in the mortgage banking category.


  • 2016 Newsweek’s Friendly Bank

    2016 Newsweek’s Friendly Bank

    Always in the top 3 in mortgage banking category.


  • 2016 Service Quality Star

    2016 Service Quality Star

    We received the prestigious Service Quality Star.


How to take a mortgage loan

  • Apply for loan information at Bank Millennium.
    Attach income, collateral and credit purpose documents. More information about the attachments.
  • You will receive initial credit decision.
  • We will prepare an Information form for you.
    It is an offer where you will find customised conditions for your mortgage loan.
  • Upon receiving the form, you may apply for conclusion of a mortgage loan agreement.
    On the 21st day from filing your application, at the latest, you will get your credit decision. You may request an earlier submission of your decision.
  • Along with the credit decision, you will receive credit agreement ready to be signed. You may sign the agreement on the conditions defined in the decision within the validity of your credit decision.
  • Upon concluding the agreement and fulfilment of the conditions required for loan disbursement, the funds are disbursed.
    The money will be credited to your account or account of the seller of the property/developer.

Select your product

  • Mortgage Loan

    Mortgage Loan

    to buy a flat, house or repay other housing loans

    Learn more

  • Home for the Young

    Home for the Young

    to buy a flat in the HFY/MDM programme

    Learn more

  • Home Equity Loan

    Home Equity Loan

    for any purpose, if you already have a property

    Learn more

  • Consolidation Loan

    Consolidation Loan

    to repay other credit liabilities

    Learn more

Tips and hints

  • How to safely buy a flat?

    If you select a property of your choice, for a safe purchase, you should check its legal status. Ask the owner for:
    • notarial deed of flat purchase (or member’s flat allocation),
    • number of the land and mortgage register (to review the register - KW),
    • non-default rent certificate.
    Based on, inter alia, these documents you will be able to verify the basic rights and encumbrance concerning a given unit. Should you have any doubts, ask your Relationship Manager at Bank Millennium for interpretation of the documentation.

  • What questions should you ask when buying a flat?

    Below please find a list of questions which you should ask the seller.

    1. Why has it been put on sale? The reason for sale may be an essential hint.
    2. Who are the neighbours?  Are  these younger or older persons? You should analyse this issue in the long-term perspective – they are the people you will live with in the same building for the next few or more years.
    3. Is the neighbourhood recognised as secure? The security issue is additionally important, if you have or are planning to have children.
    4. How is the common property managed? The agreement may specify the management through outsourcing this function from a natural or legal person.
    5. Does the unit have a basement, storage unit or garage? If so, what is its space? You should not rely solely on the information about its existence, but take a look yourself and evaluate its general condition.

    Remember that you are taking one of the most important decisions in your life and therefore do not be afraid to ask even the strangest questions.


  • Have you considered additional costs related to the purchase of flat?

    When planning your budget, you must also think about the costs related to the purchase of the property, such as notarial fee, tax on civil law transactions, court fees, brokerage commission or commission for granting the loan. Remember, not all of them can be financed with credit.

  • What does the loan amount depend on?

    Loan amount depends on your credit capacity, loan purpose and value of the property that secures the loan.

  • What is the target collateral for the loan?

    The target collateral for the mortgage loan is:
    • mortgage entry in favour of Bank Millennium in the land and mortgage register of the property (house, flat, plot) owned by the borrower or a third party,
    • assignment of rights in favour of the Bank from the insurance of the property that secures the loan,
    • assignment of rights from the borrower’s life insurance policy.

  • What are the sources of income accepted by the Bank?

    We accept various forms of employment/income:

    • employment agreement for indefinite or definite time,
    • civil –law agreements (contract of mandate, author’s agreement),
    • business activity settled on general principles, fixed amount tax or flat tax,
    • contracts,
    • income from property rental (outside business activity),
    • disability pensions or old-age pensions of permanent nature,
    • keeping an agricultural farm,
    • sailor contracts and contracts of other ship personnel.

See other questions

Collateral

The target loan collateral at Bank Millennium are:

  • mortgage on residential property entered in the first place in favour of Bank Millennium
  • assignment of rights from the insurance policy against fire and other accidents
  • assignment of rights from the borrower’s life insurance policy with the Bank as the only beneficiary

Property insurance

Life insurance

Until mortgage is established a so-called interim loan collateral is established. At Bank Millennium a standard interim collateral is a commission for increased risk collected until the mortgage is established.

Loan with LTV (total amount of the mortgage loan to the value of securing property) above 80%, but not higher than 90%, can be granted exclusively with an additional collateral in the form of high LTV insurance.

Remember! The target loan collateral may be also a mortgage on the property other than that financed with the loan, owned by you or a third party.

Useful information

Contact directly your selected credit expert

Expert list

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+48 22 598 40 60

Monday–Friday 8:00–20:00

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Agreements


Cost of credit and legal note

Fees, commissions and interest rate are defined in the Mortgage Loan/Home Equity Loan Price List. The details of the principles and conditions for granting loans/home equity loans are stipulated in the Credit Regulations for individuals within mortgage banking at Bank Millennium S.A. The Regulations and Price List are available at the Bank’s branches and at www.bankmillennium.pl website. Before granting Loan/Home Equity Loan, the Bank assesses the Borrower’s credit capacity and credibility on a case-by-case basis; in justified cases the Bank may refuse to grant a loan.

  • Representative example: Mortgage Loan and Mortgage Loan in the Home for the Young programme

    Annual Percentage Rate (APR) is 4,60% and was calculated at WIBOR 3M 1,73% (as at 30.06.2017). Total mortgage loan (without costs financed with the loan) is 230 000 PLN, total amount to be paid by the consumer is 381 662,69 PLN, variable interest rate 4,03%, total cost of mortgage loan 151 662,69 PLN (including: commission for loan granting 0 PLN, interest 135 350,98 PLN, commission for increased risk until mortgage entry is made in the land and mortgage register for 6 months 1 152 PLN, property insurance against fire and other accidents according to the offer available through the Bank 6 300 PLN, life insurance according to the offer available through Bank 8 060,71 PLN, fee for valuation of the property 480 PLN, PCC/tax on civil law transactions and court fees for establishment and deletion of mortgage – total of 319 PLN), credit period 25 years, loan instalment 1 217,84 PLN, number of instalments 300. The calculation was performed as at 01.07.2017 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 285 000 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 min. 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.


  • Representative example: Home Equity Loan

    Annual Percentage Rate (APR) is 6,56% and was calculated at WIBOR 3M 1,73% (as at 30.06.2017). Total mortgage loan (without costs financed with the loan) is 115 000 PLN, total amount to be paid by the consumer is 202 272,82 PLN, variable interest rate 5,78%, total cost of mortgage loan 87 272,82 PLN (including: commission for loan granting 0 PLN, interest 79 247,25 PLN, commission for increased risk until mortgage entry is made in the land and mortgage register for 6 months 576 PLN, property insurance against fire and other accidents according to the offer available through the Bank 3 360 PLN, life insurance according to the offer available through Bank 3 290,57 PLN, fee for valuation of the property 480 PLN, PCC/tax on civil law transactions and court fees for establishment and deletion of mortgage – total of 319 PLN), credit period 20 years, loan instalment 809,37 PLN, number of instalments 240. The calculation was performed as at 01.07.2017 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 190 000 PLN, credit margin is 4,05% 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 min. 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.


  • Representative example: Consolidation Loan

    Annual Percentage Rate (APR) is 5,74% and was calculated at WIBOR 3M 1,73% (as at 30.06.2017). Total mortgage loan (without costs financed with the loan) is 170 000 PLN, total amount to be paid by the consumer is 313 741,37 PLN, variable interest rate 5,08%, total cost of mortgage loan 143 741,37 PLN (including: commission for loan granting 0 PLN, interest 130 523,77 PLN, commission for increased risk until mortgage entry is made in the land and mortgage register for 6 months 852 PLN, property insurance against fire and other accidents according to the offer available through the Bank 5 400 PLN, life insurance according to the offer available through Bank 6 166,60 PLN, fee for valuation of the property 480 PLN, PCC/tax on civil law transactions and court fees for establishment and deletion of mortgage – total of 319 PLN), credit period 25 years, loan instalment 1 001,74 PLN, number of instalments 300. The calculation was performed as at 01.07.2017 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 245 000 PLN, credit margin is 3,35% 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 min. 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 changes in the interest rates. The risk of changes in the interest rates means that if the reference rate goes up, the interest rate of the loan will be higher, and then the monthly principal-interest instalment will increase, which will consequently result in increase in the cost of interest and thus, increase in the total cost of the mortgage loan.

The Client may present property insurance or life insurance – from outside the offer acquired through the Bank – concluded with an insurer from the list published by KNF. Loan with LTV (total amount of the mortgage loan to the value of securing property) above 80%, but not higher than 90%, can be granted exclusively with an additional collateral in the form of high LTV insurance.