Annual Percentage Rate (APR) is 19,75%; total loan amount (net of credit-financed costs): 12 398,90 PLN; total amount due: 20 441,42 PLN; fixed interest rate 8,08%; total cost of the loan: 8 042,53 PLN (including: commission 7,16% (887,76 PLN); interest 4 284,85 PLN; insurance 2 869,92 PLN; additional services 0 PLN); 72 equal monthly instalments of 283,91 PLN. The calculation was made as of 01.04.2016 on a representative example.
Prior to granting the loan the Bank shall evaluate the Applicant’s credit capacity and creditworthiness on a case-by-case basis; in justified situations the Bank may refuse to grant the loan. Detailed information about the loan is provided in the Cash Loan Regulations available in Millennium branches and on www.bankmillennium.pl Detailed principles of granting insurance cover by the Insurers - Towarzystwo Ubezpieczeń Europa SA and Towarzystwo Ubezpieczeń na Życie Europa S.A., including information about exclusions of the Insurers liability, are stipulated in the Insurance Terms & Conditions “Bezpieczna Pożyczka” as applicable to insurance agreements signed starting from 28 March 2015. A summary of essential product features are contained in the Product Card – Bezpieczna Pożyczka.