Flat for the Young

What you gain

Benefit from the programme with the support of our specialists:

  • co-financing of the downpayment for purchase of flat or house
  • 0% commission for loan granting and earlier repayment (APR 4,59%)
  • financing up to 90% of the property value
  • for our active Clients we offer margins lower by as much as 0,5% Check it out
Make an appointment with specialist

Co-financing downpayment

  • up to 10% of the property price for the persons, who do not have children
  • up to 15% of the property price for the persons, who rear at least one child
  • up to 20% of the property price for the persons, who rear two children
  • up to 30% of the property price for the persons, who rear three or more children

If within 5 years from purchasing the property you have your own or adopted third or next child, you may apply for an additional amount to repay some of the loan.

The amount of co-financing is determined in accordance with the Act on State Aid in Purchase of First Home for Young People (Journal of Laws 2017.1184 consolidated text as later amended) of 27th of September 2013. The funds are paid through the Bank directly to the developer or the seller, as the last part of the amount to purchase the property.


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.

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

3.92 %


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


List of required documents

  • For filing an application

    • Application for information about the loan
    • Documents confirming your identity (ID or passport)

  • Property documents

    • value estimate of the property
    • preliminary sale-purchase agreement or preliminary agreement on financing construction of a housing unit/single-family house
    • in case of purchase of a flat from developer, statement of the substitute investor is required Download

    Additionally, when constructing a house, the following can be required:

    • construction cost estimate Download
    • refurbishment cost estimate Download
    • final construction/extension permit or construction notification
    • map extract from land register or copy of cadastral map
    • extract from land register
    • certificate or extract from spatial development plan confirming allocation of the properties

  • Documents for verification of credit capacity

    • Employment and income certificate Download
    • Employment and income certificate (English version) Download
    • Extracts from the current account for the period of the last 3 months

Price list and regulations

Contact directly your selected credit expert

Expert list

Do you want to talk now?

+48 22 598 40 60

Monday–Friday 8:00–20:00

Conditions for margin reduction

Margin reduced by 0,5% for Clients who fulfil the below conditions throughout the credit period:

  • they are holders of personal account at Bank Millennium, to which remuneration or net income are transferred every month, and
  • they are users of debit cards for account at Bank Millennium and perform card transactions in amount of minimum 500 PLN per month.

Cost of loan 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 mortgage 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.

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 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.

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.