Flat for the Young

About the product

Move into your home!
Dream of your own home? With the Mortgage Loan in Bank Millennium you can make your residential plans come true, getting the benefits provided by the "Flat for the Young" programme. Come to Bank Millennium, check the subsidy, which you can get and get the home of your dreams!

Features of a mortgage Loan in the "Flat for the Young" programme:

  • 0% loan granting commision
  • 0% early repayment commission
  • Spreads lower by 0.5% compared with standard spreads for Customers who actively use the Bank's selected services *
  • Deposit subsidy**:
  • - up to 10% of the real estate price for persons who do not have children
  • - up to 15% of the real estate price for persons who as of the day of submitting the application are raising at least one child
  • - up to 20% of the real estate price for persons who as of the day of submitting the application are raising two children
  • - up to 30% of the real estate price for persons who as of the day of submitting the application are raising three or more children.

If within 5 years from buying the real estate the third or next child is born to or adopted by you, you can apply for for an additional amount to repay part of the mortgage loan.

NOTE! The subsidy is paid via the Bank directly to the developer as the last part of the amount for purchase of the real estate.

What else do we offer?

  • acceptance of many different income sources,
  • loan service convenience: the possibility to carry out multiple orders connected with mortgage service, through the Millenet system or call centre,
  • easy contact with the bank through branches, call centre and website.

* Spread reduced by 0.5% for Customers who meet the conditions below, during the entire loan period:
• have a personal account in Bank Millennium, to which the salary or net income is transferred every month and
• are users of a debit card from Bank Millennium (make at least PLN 500 worth of non-cash transactions with the card during a month).

** The amount of subsidy is ascertained in keeping with the Act of 27.09.2013 on Assistance of the State in Purchasing the First Home by Young People (Journal of Laws of 2013, item 1304 as amended).

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 4.60% and it was calculated with the assumption that WIBOR 3M is 1.73 % (as of 28.04.2017). The total amount of the mortgage loan (net of debt-financed costs) is PLN 230,000; the total amount to be paid by the consumer PLN 381 662,69; variable interest rate 4,03%; the total cost of mortgage loan PLN 151 662,69 (including: loan approval fee PLN 0; interest PLN 135 350,98; fee for increased risk until the mortgage is written for 6 months in the amount of PLN 1 152; real estate fire and other accidents insurance as per the offer available via the Bank PLN 6 300; life insurance as per the offer available via the Bank PLN 8 060,71; fee for real estate value appraisal PLN 480; Tax on Civil Law transactions as well as court fees for writing and removing the mortgage PLN 319 in total); loan tenor 25 years; loan instalment PLN 1 217,84, number of instalments 300. The calculation was made as of 01.05.2017 on a representative example, assuming that: the loan will be secured with mortgage on newly purchased property, whereas the value of the property which is to secure the loan totals 285 000 PLN, credit margin is 2,30% and it reflects possession by the Customer of a Konto 360°, subject to monthly inflows of salary or other income (net) and having a debit card issued to that account as well as making non-cash transactions with this card in the minimum amount of PLN 500 per month, which is then kept by the Bank free of chargé.

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.


  • Loan amount

    Minimum loan amount: PLN 20,000*
    Maximum loan amount: depend on an assessment of creditworthiness Applicants.

    * not less than 50% of the price of the real estate being purchased

  • Loan period

    Minimum loan period: 15 years 
    Maximum loan period: 35 years

  • Loan Disbursement

    We disburse the loan in one or several tranches

  • Loan Repayment

    You can repay the loan in in equal or falling monthly instalments.

    During repayment of the loan you can enjoy many convenient solutions. We offer:

    • Loan holidays – the payment of one loan instalment in a year can be deferred
    • 24-months grace – principal repayment can be deferred
    • the loan may be repaid earlier – at no charge

  • Who is eligible for a "Flat for the Young" loan?

    Married couples or persons not in wedlock, who until the day of purchasing the loan-financed real estate were not:

    • the owner a single family house or flat
    • a person who has a co-operative ownership right to a residential unit in the form of a flat or single family house
    • the owner or co-owner of a building if the person's share in case of cancellation of joint ownership would comprise at least one residential unit

    the above conditions must meet the buyer having three or more children. It also does not apply an age limit, ie. A mortgage application may be submitted by the borrower, who has completed 35 years.

  • What real estate can be financed with a loan in the "Flat for the Young" programme?

    • Real estate from primary and secondary markets,
    • Flats up to 75 m2 and single family houses up to 100 m2,
    • Flats up to 85 m2 and single family houses up to 110 m2 if on the day of submitting the application for subsidising the deposit the buyer is raising at least three children,
    • Real estate satisfying the statutory price limits according to the conversion ratios table for the "Flat for the Young" programme.


Our Consultants will provide 7/24 detailed information and will carry out your instructions.

801 331 331
fixed line calls and mobile

Interest rates

Bank Millennium offers mortgage loans with variable interest rates. Interest rates change each 3 months.
Precise interest rate of your loan depends on the loan amount and the relation of your loan amount against the value of collateral real estate.

Check mortgage interest rates in Bank Millennium


Loan granting commission fee in "Flat for the Young" programme - 0%
The fee for early repayment of a Mortgage Loan is 0%
  • Fee for opinion of collateral value

    Apartment / plot of land  PLN 480*
    Dwelling house (detached house / terraced house / semi-detached house / all-year summer house)  PLN 800*
    Investment control (for mortgage loans disbursed in tranches)  PLN 300

    * the fee is charged after a positive credit decision, as the condition to signing loan agreement

  • Other fees for Mortgage Loan in "Flat for the Young" programme

    Risk Commission (charged monthly until mortgage is registered)  0,0833%
    (1% per annum)
    Commission for issuance of certificate /opinion  PLN 100
    Commission for issuance of certificate re. interests paid on mortgage loan  PLN 6
    Annex fee/ operations  from 200 to PLN 500

Mortgage loan guide

How to get a mortgage loan in Bank Millennium

How to get

Online Application

If you are interested in the offer


Call us

801 331 331
In our branches
Choose the nearest branch