Representative example for Consolidation Loan with “Change the bank of your credit to Bank Millennium”/”Zmień bank swojego kredytu na Bank Millennium” Promotion: Annual Percentage Rate (APR) is 14,70%; total loan amount (net of debt-financed costs): PLN 27259.83; total amount due: PLN 41028.76; fixed interest rate 6.31%; total cost of the loan: PLN 13768.93 (including: commission 0.82% (PLN 223.53); interest PLN 7279.19; additional services PLN 6226.21, including insurance PLN 6226.21); 76 monthly equal instalments of PLN 539.85. The calculation was made as of 9.11.2017 on a representative example.
Annual Percentage Rate (APR) is 16,53%; total loan amount (net of credit-financed costs): PLN 31 657,14; total amount due: PLN 52 181,83; fixed interest rate 7,44%; total cost of the loan: PLN 20 524,69 (including: commission 1,85% (585,66 zł); interest PLN 11 717,12; additional services PLN 8 221,91, including: insurance PLN 8 221,91; PLN 0 - fee for Konto 360° account, in case of booking minimum PLN 1 000 of external inflows on account and minimum 1 payment made with use of card issued to account/BLIK per month; otherwise monthly account fee amounts to PLN 8); 85 equal monthly instalments of PLN 613,90. The calculation was made as of 23.02.2018 on a representative example.
Promotion “Change the bank of your credit to Bank Millennium”/”Zmień bank swojego kredytu na Bank Millennium” applies to consolidation loans. The Consolidation Loan is a loan, part or all of the granted amount of which is assigned for consolidation of credit products (credits, cash loans, credit card and overdraft debt) from outside Bank Millennium. One of the conditions of eligibility for the Promotion is to conclude a Bezpieczna Pożyczka insurance and identifying the Bank as the party eligible under the insurance agreement. The promotion is available for Clients who are not a party to an agreement on cash loan or consolidation loan in the Bank. The Promotion shall not be combined with other promotions concerning cash loans and with the offering for persons transferring their salary or net income. The Promotion can be had only once during its period. The Promotion is valid from 2017, November 25th to 2018, April 15th. Detailed terms and conditions of the Promotion are stipulated in “Change the bank of your credit to Bank Millennium”/”Zmień bank swojego kredytu na Bank Millennium” Promotion Regulations.
The Promotion may be combined with the “Lowest Interest Rate Guarantee”. To get the Lowest Interest Rate Guarantee the Client must present – within 30 days of concluding a cash loan agreement with Bank Millennium S.A. – a loan agreement concluded with another bank or a European Consumer Credit Information form together with a credit decision for the same loan amount and tenor. Remaining terms and conditions of the offering are contained in the Cash Loan with “Lowest Interest Rate Guarantee” Regulations.
For detailed information about the loan see our Cash loan regulations/Regulamin kredytów i pożyczek udzielanych Klientom indywidualnym przez Bank Millennium S.A. Fees, commissions and interest are charged as per the Cash Loan Price List. detailed information about Lowest Interest Rate Guarantee see Lowest Interest Rate Guarantee Regulations/Regulamin oferty Gwarancja Najniższego Oprocentowania. Detailed principles of 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 Insurance Terms and Conditions as well as in Product Sheet - Bezpieczna Pożyczka Insurance. The above-mentioned documents are available in the Bank’s branches and on www.bankmillennium.pl. Prior to granting the loan the Bank evaluates the Applicant’s credit capacity and creditworthiness on a case-by-case basis; in justified cases the Bank may refuse to grant the loan.