Effective Annual Interest Rate (EIR) at 7,79%, total loan amount (excluding financed costs) PLN 17 000,00 zł, total amount for repayment PLN 18 363,81 zł, variable interest rate 7,52%, total cost of credit PLN 1 363,81 zł (including: commission PLN 0,00 zł, interest PLN 1 363,81 zł, monthly fee PLN 0,00 zł), 23 equal monthly installments of PLN 765,00 zł and last complementary installment PLN 768,81 zł. Calculation done as of September 11, 2019 r. based on representative example.
Effective Interest Rate for housing loan secured with mortgage is 3,59% with the following assumptions: lending period: 22 years, total loan amount of PLN 360,000, variable interest rate of 3,40%, including WIBOR 3M at 1,71% and margin at 1,69% (margin is increased by 1,3 pp until the entry into mortgage and land register becomes final assuming this will happen within 3 months following the day when the agreement was signed). The total cost of credit is PLN 158,248 including commission rate of 1%, i.e. PLN 3600, interest of PLN 158,029, tax on civil and law activities (PCC) PLN 19,00, cost of making an entry in the land and mortgage register of PLN 200, fee for savings and settlement account PLN 0 (if the monthly inflow into the account is PLN 5,000), total payable amount of PLN 518,248.00 paid in 264 installment payments in the amount of PLN 1,960 after the collateral has been established. To be accepted for the loan, you need to sign the insurance agreement. The calculation made as of 01.03.2019 based on the representative example. The variable interest rate bears a risk of higher installment amount and thus a higher total payable amount.
The Effective Annual Percentage Rate (EAPR) for a mortgage loan secured by mortgage is 5.04%, assuming that: the loan period is 15 years, the total amount of the loan is PLN 250,000, variable interest rate is 4,61%, including: WIBOR 3M reference rate of 1.71% and margin of 2.9% (the margin is increased by 1.3 pp until the entry of the mortgage to the real estate register becomes final and valid, assuming that this takes place within 3 months after concluding the loan agreement). The total cost of the loan PLN 111 583, including: commission of 1.9%, i.e. PLN 4750, interest PLN 106 614, civil law transactions tax PLN 19 (PCC), cost for entering the mortgage in the Real Estate Register PLN 200, fee for the maintenance of a savings and clearing account (ROR) PLN 0 (while maintaining monthly inflows of at least PLN 5000), total amount due PLN 361 583, payable in 192 equal monthly installments of PLN 1880 after creating the collateral. The conclusion of an insurance contract is compulsory in order to obtain the loan. The calculation was performed as at 31/10/2018 on a representative example. The variable interest bears the risk of high installment and thus, the total amount for payment. The above calculations have been made for reference purposes and they do not constitute an offer according to Article 66 of the Civil Code.