• Application for information about the loan Downloadlink opens in new window (In Polish)
• Documents confirming your identity (ID or passport)

• value estimate of the property
• copy of the entry in the land and mortgage registry- applies to real estate securing the loan

Additionally, if the loan is secured by a single-family home or by an undeveloped plot of land, the following may be required:

• final occupancy permit, or – if the former is not required by law – certificate of the completion of the construction along with the information on the lack of objection lodged certified by relevant authorities, or the decision on the amount of real-estate tax
• copy of the entry in land registry or copy of the survey map
• certificate of copy from the entry in the local spatial development plan confirming real estate use classification

• Employment and income certificate Download link opens in new window
• Employment and income certificate (English version) Download link opens in new window
• Extracts from the current account for the period of the last 3 months

You can reduce your mortgage interest rate by up to 0.6 percentage points (p.p) if you meet all the conditions described below:

• you have or open a personal account with our bank
• your salary or other net income is transferred to your personal account in Millennium every month
• you spend PLN 500 each month using a debit card assigned to this account
• you take advantage of Życie pod ochroną insurance through us

Życie pod ochroną is a voluntary individual insurance with insurance cover provided by Towarzystwo Ubezpieczeń na Życie Europa S.A. Bank Millennium is an insurance agent, which acts on behalf of TU na Życie Europa S.A. and through it you can conclude the insurance contract. Detailed information is described in the General Terms and Conditions of Insurance and the Product Card, which you can find hereplik PDF otwiera się w nowej karcie.

You will maintain a reduced interest rate of up to 0.6 p.p. until the end of the loan period if you meet all the conditions described below:

• in each of the following 55 calendar months after the month in which we disburse the loan, your salary or other net income is transferred to your personal account with our bank
• in each of the following 55 calendar months after the month in which we disburse the credit, you spend 500 by paying with a debit card assigned to this account
• you maintain Życie pod ochroną insurance for 36 consecutive calendar months after the month in which we disburse the credit

If the mortgage has been granted to more than one borrower, Życie pod ochroną must be used for 36 months by all of them, who are required to provide security for the repay Życie pod ochroną contract.

You maintain your right to the discount even if you do not meet the conditions of paying with a debit card and receiving salary into the account in any 5 calendar months.

You can reduce your interest rate by up to 0.4 percentage points (p.p.) if you meet all the conditions described below:

• you have or open a personal account with our bank
• your salary or other net income is transferred to your personal account in Millennium every month
• you spend PLN 500 each month using a debit card assigned to this account

You will maintain a reduced interest rate of up to 0.4 p.p. until the end of the loan period if you fulfil all the conditions described below in total:

• in each of the following 55 calendar months after the month in which we disburse the loan, your salary or other net income is transferred to your personal account with our bank
• in each of the following 55 calendar months after the month in which we disburse the credit, you spend 500 by paying with a debit card assigned to this account

You maintain your right to the discount even if you do not meet the conditions of paying with a debit card and receiving salary into the account in any 5 calendar months.

You can reduce the interest rate by 0.2 percentage points (p.p.), and keep the reduction until the end of the loan period, if in each of the following 55 calendar months calendar months after the month in which we disburse the loan you fulfil all the conditions described below:

• you have or open a personal account with our bank
• you spend PLN 500 each month paying with a debit card to this account

You maintain your right to the discount even if you do not meet the conditions of paying with a debit card and receiving salary into the account in any 5 calendar months.

APR for a periodically fixed interest rate

The Annual Percentage Rate (APR) for a home equity loan with a periodically fixed interest rate is 10.21% and we calculated it with the following assumptions: the total amount of the mortgage loan (excluding borrowed costs) is 340,916 PLN, loan period 23 years, loan instalment 2,819.71 PLN, number of instalments 277, interest rate in the first 60-month period of the fixed rate 8.53%, and in the further loan period a variable interest rate of 9.74% (the sum of a fixed margin of 3.95% and the WIBOR 6M reference rate, which as of 29.11.2024 is 5.79%), loan secured by a mortgage on a property with a value of 652,471 PLN. The margin is 3.95%, assuming that for 55 calendar months after the month in which we pay out the loan, you have a Millennium 360° account, this account is credited with your salary or other net income every month and you make non-cash transactions with the debit card to this account for the amount of min. 500 PLN per month and for 36 calendar months after the month in which we pay out the loan, you will remain a party to the life insurance agreement called ”Life under protection”, concluded through us (we act as an insurance agent of Towarzystwo Ubezpieczeń na Życie Europa S.A.). The total cost of the mortgage loan is 527,323.88 PLN. This amount includes commission for granting the loan 0 PLN, interest 491,484.33 PLN, real estate insurance against fire and other fortuitous events 13,573 PLN (available through us), life insurance 22,047.55 PLN (available through us), PCC tax 19 PLN and the court fee for establishing a mortgage 200 PLN. Account maintenance cost is 0 PLN. The fee for service of the debit card or BLIK contactless payments is 0 PLN, if in the previous month you pay at least once with the card or by BLIK, if you are aged 18-26 or 5 times, if you are aged over 26. Total amount due is 868,239.88 PLN. We made the calculations on 09.12.2024 on a representative example, assuming that you meet the conditions to maintain a reduced interest rate.

In the case of a mortgage loan with a periodically fixed interest rate, there is a risk that during the period of application of the fixed interest rate, your instalment may be higher than if it were calculated on the basis of the current WIBOR 6M reference rate, which is used in the calculation of the variable interest rate. After changing the interest rate on your loan to variable, an increase in the benchmark during the period of the fixed interest rate may cause a significant increase in the principal and interest instalment and thus the total cost of your loan. Furthermore, during the period when variable interest rate is applied there is the risk of increase of interest rate. Its amount depends on the WIBOR 6M benchmark. If the benchmark increases, the interest rate on your loan will be higher and the monthly principal and interest instalment will increase. Then the total cost of the loan will also increase. If the benchmark applicable in a given interest period is zero or negative, the interest rate on your loan in that interest period will be equal to the margin.

Detailed terms and conditions under which we grant mortgage loans are described in the Regulations on Lending to Individuals in Mortgage Banking at Bank Millennium S.A. Fees and commissions that we charge, as well as the interest rate are indicated in the Price List of Mortgage Loan / Home Equity Loan. You can consult these documents in our outlets and on the www.bankmillennium.pl website. Before we grant you a loan, we assess your credit capacity and creditworthiness each time. In justified cases, we may refuse to grant you credit. As collateral for the loan, you can present property insurance or life insurance outside the offer available through us. Such an insurance contract should be concluded with an insurer that is on the list published by the Polish Financial Supervision Authority. You can take advantage of an additional offer, which consists in reducing the interest rate if all borrowers obliged to establish loan security in the form of assignment of rights under the life insurance contract conclude a ”Life under protection” insurance agreement through us. When offering this insurance, we act as an insurance agent of Towarzystwo Ubezpieczeń na Życie Europa S.A. Using the ”Life under protection” insurance is not necessary to obtain a mortgage loan, but it does affect its pricing. The conditions that you must meet to maintain the reduction throughout the loan period can be found in the document General information on the mortgage agreement. Detailed rules for providing insurance cover, including information on the exclusions of the insurer’s liability, are described in the General Terms and Conditions of Insurance. A summary of the most important features of this insurance can be found in the Product Card – ”Life under Protection” Insurance. These documents are available in our branches and on the www.bankmillennium.pl website. Bank Millennium S.A. with its registered office in Warsaw, ul. Stanisława Żaryna 2A, operates as an Insurance Agent and is entered into the Register of Insurance Agents under RA number 11162860/A (https://rpu.knf.gov.pl/). We perform agency activities for several insurers.