New loan promotions in Bank Millennium

“PLN 100 instalment for every PLN 5000 loan” promotion

Now for every PLN 5000 borrowed from Bank Millennium customers may pay a monthly instalment of only PLN 100. The promotion applies to loans of PLN 5000, 10,000 and 15,000. In the promotion customers can choose an appropriate amount, which is available always with the same terms and conditions with a very comfortable monthly payment amount. The fixed interest rate gives the certainty that the monthly instalment will not change as the loan gets repaid on schedule. This is an excellent proposal for people who need extra cash to finance expenses involved e.g. with the upcoming Christmas arrangements or a winter holiday.

The promotion is based on very simple rules. Customers can choose one of three popular loan amounts: PLN 5000 with a monthly payment of PLN 100; PLN 10,000 with monthly payment of PLN 200 or PLN 15,000 with PLN 300 due each month (APR 7.68%). Each loan in the promotion is granted for 5 years without a fee. The promo offer is available to anyone who does not have an active loan agreement with Bank Millennium at the time of applying for the loan and who – if they decide to buy the loan – declare that their salary or net income will be transferred to a personal account in Bank Millennium.

“Change your lending bank to Bank Millennium” promotion

- The market of cash loans is highly competitive thus it is only natural that customers have a mind to change the bank they took a loan from to one, which will offer them better terms and conditions – Tomasz Misiak, Director of Retail Banking Marketing Department in Bank Millennium, said.

In response to customers’ needs Bank Millennium has prepared a new promotion of Consolidation Loan, which will allow customers to transfer a loan from another bank to Bank Millennium with attractive terms and conditions. Customers who have credit cards and current account authorised overdrafts can also swap their utilised credit for a consolidation loan with a low monthly payment. A customer who is repaying at least one loan to another financial institution, may change their bank for Bank Millennium without formalities, benefiting from the promotional fixed interest rate on the insured loan of 5.7% per annum (APR 14.7%). It is important to note that moving a loan to Bank Millennium a customer will pay no fee on the transferred amount.

The offer is available to all customers who are not repaying a cash or consolidation loan in Bank Millennium at the time of applying for credit transfer and the credit product being transferred is shown in a Biuro Informacji Kredytowej report.

The promotions will continue from 25 November 2017 to 15 April 2018. Detailed information about them as well as the Regulations are available in Bank Millennium branches an on www.bankmillennium.pl/individuals/loans.

Representative example for a Cash Loan with “PLN 100 instalment for every PLN 5000 loan” promotion: Annual Percentage Rate (APR) is 7.68%; total loan amount (net of debt-financed costs): PLN 5000; total amount due: PLN 6000; fixed interest rate 7.42%; total cost of the loan: PLN 1000 (including: fee 0% (PLN 0.00), interest PLN 1000, value added services PLN 0.00 including: insurance PLN 0.00; PLN 0 – fee for Konto 360° if external turnover of at least PLN 1000 and at least one payment with the debit card/BLIK is booked on the account in a month; otherwise the monthly fee for the account shall be PLN 8). 60 equal monthly instalments of PLN 100 each; the first instalment is payable after 30 days from disbursement of the loan. The calculation has been made as of 24.11.2017 on a representative example.
The “PLN 100 instalment for every PLN 5000 loan” promotion continues from 25 November 2017 to 15 April 2018 and applies to uninsured cash loans granted for the period of 60 months with contractual amount to be disbursed of PLN 5000 or PLN 10000 or PLN 15000. The Promotion is available to Customers who at the time of submitting the application do not have a cash or consolidation loan from the Bank and declare in the loan agreement that they will transfer the salary or net income to their current account in Bank Millennium S.A. The promotion will be available in Millenet and in the latest version of the Mobile App starting from 20 January 2018 at the latest. The Promotion: may not be combined with other promotions concerning cash loans, may be had only once during its validity and does not apply to loans for repayment of other credit products. Detailed Terms and Conditions of the Promotion are stipulated in “PLN 100 instalment for every PLN 5000 loan” Promotion Regulations.

Representative example for Consolidation Loan with “Change your lending bank to Bank Millennium” promotion: Annual Percentage Rate (APR) is 14.70%; total loan amount (net of debt-financed costs): PLN 27,259.83; total amount due: PLN 41,028.76; fixed interest rate 6.31%; total cost of the loan: PLN 13,768.93 (including: fee 0.82% (PLN 223.53), interest PLN 7,279.19; value added services PLN 6,226.21, including insurance PLN 6,226.21); 76 equal monthly instalments of PLN 539.85 each. The calculation has been made as of 9.11.2017 on a representative example.

“Change your lending bank to Bank Millennium” promotion applies to consolidation loans i.e. loans, in which part or the entire loan amount is for repayment of credit products (loans, credit card debt and authorised overdrafts) from outside the Bank. One of the conditions for getting the promotion is to sign a Bezpieczna Pożyczka insurance contract and also to identify the Bank as the party authorised to the insurance benefit in case of death and also to make an assignment to the Bank of rights under the contract. The promotion is available to Customers who on the day of application do not have a cash or consolidation loan in the Bank. The promotion may not be combined with other promotions concerning cash loans as well as the offering for persons declaring salary or net income transfer to their current account in the Bank and may be had only once during its validity. The promotion is valid from 25 November 2017 to 15 April 2018. Detailed Terms and Conditions of the Promotion are stipulated in “Change your lending bank to Bank Millennium” Promotion Regulations.

Fees, commissions and interest are charged in keeping with the Cash Loan Price List. Details concerning the rules for granting loans are stipulated in the Regulations on Loans Granted to Individuals by Bank Millennium SA. Detailed rules for granting insurance cover under Bezpieczna Pożyczka insurance by Towarzystwo Ubezpieczeń Europa S.A. and Towarzystwo Ubezpieczeń na Życie Europa S.A. are stipulated in Bezpieczna Pożyczka Terms and Conditions and in Product Card – Bezpieczna Pożyczka insurance. The above-mentioned Regulations, T&C, Product Card and Price List are available in the Bank’s branches and on the www.bankmillennium.pl website. The Bank performs an assessment of the Applicant’s credit capacity and creditworthiness on a case-by-case basis prior to granting the loan; in justified cases it may refuse to grant the loan. The borrower has the right to withdraw from the agreement without stating the reasons within 14 days from the day of its signing.