Statutory credit holidays

Find out how to apply for suspension of mortgage repayment

About statutory credit holidays

If you have a mortgage in PLN and want to suspend its payment, check if you can benefit from the statutory credit holidays.

You can suspend the repayment of the mortgage:

  • from 1 June 2024 to 31 August 2024 – maximum for 2 months

  • from 1 September 2024 to 31 December 2024 – maximum for 2 months

Learn morelink opens in a new window

Remember that...

  • Credit holidays will not cause us to cancel the indicated loan instalments. Holidays consist of postponing instalments and extending the credit period. During the holidays, we will not charge interest or fees other than insurance fees related to the mortgage agreement.

  • If you have a loan with insurance, your holiday will not suspend your insurance fees. Provide funds to pay them back on schedule to ensure continued coverage.

  • Credit holidays will not cause us to withhold payment of loan tranches, unless you submit such an application.

  • If you use standard credit holidays (suspension of one loan instalment once a year), when you apply for a statutory credit holiday, we will shorten the duration of the standard holiday.

We will provide information about the suspension of your credit repayment to Biuro Informacji Kredytowej S.A.

Conditions

You can only benefit from the credit holidays for one mortgage agreement if:

  • you have a mortgage loan in PLN (excluding loans indexed or denominated in a currency other than the Polish currency)
  • the amount of credit granted does not exceed 1.2 million PLN
  • the purpose of your agreement was to meet your housing needs
  • the agreement was concluded before 1 July 2022
  • you meet at least one of the following two conditions:

    - at the date of application you have at least three dependent children referred to in the Karta Dużej Rodziny Act - learn morelink opens in a new window

    - the arithmetic average of the instalment-to-income ratio for the last three months preceding the month of submitting the Application for the statutory credit holidays exceeds 30% - learn morelink opens in a new window

If you meet the conditions specified in the act, we will suspend the repayment of your mortgage for the period or periods specified by you in the application.

How to apply

  1. 1

    When we make the application available, Log in to Millenet. In the My products section, click the mortgage tile and select Credit holidays application -> Statutory credit holidays.

    You can also go to My finances -> Loans -> Mortgage -> Details -> Credit holidays application -> Statutory credit holidays.

  2. 2

    Fill in the application: indicate the time for which you want to suspend the repayment of your loan and tick the statements you fulfil.

    If you meet the conditions set out in the Act, we will suspend repayment of your loan will be suspended for the period or periods you specify in your application.

  3. 3

    Confirm your application by SMS Password or on the mobile application.

If you would like to suspend your repayment on the day you apply, make sure to submit it by 7:00 p.m.

An application for suspension of mortgage repayment by Millenet can be submitted by all Clients of Bank Millennium, even if your credit was granted by Eurobank.

You can submit an application for a statutory credit holidays for all statutory periods in Millenet or at a Bank Millennium branch.

The application is not available in our mobile app.

Detailed conditions for the suspension of mortgage repayment can be found in Art. 73-75 of the amendment to the Act of 7 July 2022 on crowdfunding for business ventures and assistance to borrowers.

Oświadczenie o odstąpieniu / rezygnacji z ustawowych wakacji kredytowychlink otwiera się w nowym oknie

Helper - How to apply for statutory credit holidays (in Polish)link otwiera się w nowym oknie