Consolidation Loan
1. The loan can be used to pay off the following obligations:
1) Cash loan;
2) Car loan;
3) Credit card limit;
4) Current account limit;
5) Mortgage loan;
6) Housing loan (provided that the loan has been fully disbursed, the investment has been completed, and the borrower owns the property);
7) Student loan;
8) Loan granted by the employer;
including obligations contracted with the Bank.
2. The condition for granting the loan is the correct servicing of the consolidated obligations.
3. The maximum loan term is 360 months, with a minimum of 12 months.
4. The minimum loan amount is 10,000 PLN.
5. The maximum loan amount cannot exceed:
1) 60% of the value of the property securing the loan.
2) 80% of the value of the property if one of the consolidated loans is a housing loan.
3) The amount of 5 million PLN.
6. It is possible to apply for additional funds for any purpose.
APR – variable interest rate:
The Actual Annual Percentage Rate (APR) is: 13.32 % for the following assumptions: total loan amount: 242,500 PLN, loan term: 276 months; own contribution: 60% of the property value; variable interest rate of the loan: 12.35 % per year – calculated as the sum of the current base interest rate of the loan (variable WIBOR 3M rate: 5.85 %) and an individually determined margin of 6.50%, equal monthly installment: 2,652.92 PLN, total number of installments: 276. Total cost of the loan is 493,561.17 PLN, including: total interest over the entire loan term: 489,704.67 PLN, non-loan commission for granting the loan: 1.50 % of the loan amount being: 3,637.50 PLN. Cost of establishing a mortgage: 200.00 PLN, tax on civil law transactions (PCC): 19.00 PLN. In the total cost of the loan, the Bank does not take into account the following costs: the cost of insurance for the property being financed and the cost of property valuation, as it is not a provider of these additional services for consumers. The total amount to be paid is: 736,061.17 PLN. The interest rate of the loan is variable and during the term of the loan agreement may change due to changes in the WIBOR 3M reference rate, which may result in increased or decreased loan servicing costs. Variable interest rates carry the risk of increasing the installment amount, and thus the total amount to be paid.
The calculation was made as of March 21, 2025, based on a representative example.
APR – periodically fixed interest rate:
The Actual Annual Percentage Rate (APR) is: 13.55 % for the following assumptions: total loan amount: 242,500 PLN, loan term: 276 months; own contribution: 60 % of the property value; periodically fixed interest rate of the loan during the first 60 months: 12.55 % per year, and then a variable interest rate of 12.35 % per year – calculated as the sum of the current base interest rate of the loan (variable WIBOR 3M rate: 5.85 %) and an individually determined margin of: 6.50 %, equal monthly installment: 2,688.34 PLN for 60 months, 2,656.89 PLN for the next 216 months, total number of installments: 276. Total cost of the loan is 496,544.99 PLN, including: total interest over the entire loan term: 492,688.49 PLN, non-loan commission for granting the loan: 1.50 % of the loan amount being: 3,637.50 PLN. Cost of establishing a mortgage: 200.00 PLN, tax on civil law transactions (PCC): 19.00 PLN. In the total cost of the loan, the Bank does not take into account the following costs: the cost of insurance for the property being financed and the cost of property valuation, as it is not a provider of these additional services for consumers. The total amount to be paid is: 739,044.99 PLN. The interest rate of the loan is fixed during the first 60 months, and then variable. During the period of variable interest, the interest rate of the loan agreement may change due to changes in the WIBOR 3M reference rate, which may result in increased or decreased loan servicing costs. Variable interest rates carry the risk of increasing the installment amount, and thus the total amount to be paid.
The calculation was made as of March 21, 2025, based on a representative example.