01.03.2006
MilleKredyt - cheapest and most transparent on the market
MilleKredyt is the cheapest consumer loan on the market. A few days after submitting the application a Customer gets the money, which he can use for any purpose. The interest rate on the loan is 9.9%. Fee for preparation is only 2% of the loan amount.
The minimum amount of the MilleKredyt is PLN 500, the maximum amount is defined on a case-by-case basis, depending on the customer's credit capacity. The loan is granted without sureties up to PLN 50 000, moreover no additional collateral is required.
After the anti-usury act came into force many financial institutions were forced to reduce the interest rate on loans, at the same time increasing fees connected with loan approval.
In Bank Millennium the interest rate remains at a level starting from 9.9%. The biggest advantage of MilleKredyt is its transparency. Apart from the interest and a 2% fee for preparation the Customer incurs no other charges. The Customer can adapt the product to own needs by choosing the amount and loan period even up to 60 months. Deciding to go for MilleKredyt one can pay all or part of the loan at any time, not suffering any additional costs. Moreover during the whole loan period a free account in Bank Millennium is available; this permits saving up to PLN 360.
MilleKredyt is an extension of the MilleKredyt Zima offer, which was extremely popular with Customers and recognised by independent experts. The offer of Bank Millennium consumer loans (MilleKredyt Zima) was ranked 1st by Businessweek.