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. For detailed information about the loan see our Cash loan regulations/Regulamin kredytów i pożyczek udzielanych Klientom indywidualnym przez Bank Millennium S.A. and Cash Loan Price List/Cennik Pożyczki Gotówkowej, and Lowest Interest Rate Guarantee Regulations/Regulamin oferty Gwarancja Najniższego Oprocentowania - in the Bank’s Branches and at www.bankmillennium.pl. website. For the detailed principles of insurance coverage under Bezpieczna Pożyczka insurance from Towarzystwo Ubezpieczeń Europa S.A. and Towarzystwo Ubezpieczeń na Życie Europa S.A. see Terms & Conditions of Bezpieczna Pożyczka insurance and Product Card/Karta Produktu.
Consolidation loan representative example: Annual Percentage Rate (APR) is 17,12%, total loan amount (net of credit-financed costs): 23 660,15 PLN; total amount due: 37 693,49 PLN; fixed interest rate 7,51%; total cost of the loan: 14 033,34 PLN (including: commission 2,99% (707,44 PLN); interest 7 770,09 PLN; insurance 5 555,81 PLN; additional services 0 PLN), 76 equal monthly instalments of 495,97 PLN. The calculation was made as of 01.09.2016 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.
The “Low instalment, convenient repayment” Promotion applies to consolidation loans granted under the condition of simultaneously concluding the Bezpieczna Pożyczka insurance agreement and also identifying the Bank as the beneficiary of death benefit under the insurance and making an assignment to the Bank of rights under this agreement. The Promotion is valid for Customers who do not have a cash or consolidation loan from Bank Millennium. Other terms and conditions of the Promotion are stipulated in the “Low instalment, convenient repayment” Promotion Regulations. The Promotion is valid from 4 February to 30 June 2017.
Representative example for consolidation loan with “Low instalment, convenient repayment” Promotion: Annual Percentage Rate (APR) is 14.94%; total loan amount (net of credit-financed costs): PLN 24 456,52; total amount due: PLN 37 576,73; fixed interest rate 6.21%; total cost of the loan: PLN 13 120,21 (including: 1.74% commission (PLN 425,54); interest PLN 6 797,62; insurance PLN 5 897,05); 79 equal monthly instalments of PLN 475,65. The calculation was made as of 01.02.2017 on a representative example.
The Bank assesses the Applicant’s credit capacity and creditworthiness on a case-by-case basis before granting a consolidation loan; in justified cases it may refuse to grant the loan. Detailed information about the loan is stipulated in the Rules and Regulations on Loans Granted to Individuals by Bank Millennium S.A. as well as in the Cash Loan Price List and Regulations on the Lowest Interest Rate Guarantee Offering, which are available in Millennium branches and on the www.bankmillennium.pl website. Detailed terms and conditions of providing insurance cover under Bezpieczna Pożyczka insurance by Towarzystwo Ubezpieczeń Europa S.A. and Towarzystwo Ubezpieczeń na Życie Europa S.A. are stipulated in the Bezpieczna Pożyczka Insurance Terms and Conditions and in the Product Sheet.