Home Equity Loan

What you gain

Home Equity Loan is a perfect solutions for property owners:

  • 0% commission for loan granting and earlier repayment
  • financing up to 70% of property value
  • for our active Clients we offer margins lower by as much as 0,5% Check it out
Contact our credit specialist


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.

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.


List of required documents

  • For filing a credit 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 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 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.

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.