2% secure loan Other banks include it in their offer

"Safe 2 percent credit".  Which bank is the cheapest?

According to Bank Gospodarstwa Krajowego, there are already eight banks in their portfolio with a 2% housing loan offer with a state subsidy.

Loans with a state subsidy, functioning as part of the First Apartment program, have been granted since July 3. They can only be provided by banks that have signed an agreement with Bank Gospodarstwa Krajowego. According to BGK, these are currently: Alior Bank, Bank BPS and Banks Spółdzielcze Zrzeszenia BPS, Pekao SA, Bank Spółdzielczy Rzemiosła in Kraków, PKO BP, SGB-Bank, VeloBank and Bank Spółdzielczy in Brodnica.

2% secure loan

The maximum amount of financing that borrowers can apply for under the “safe credit” program is PLN 500,000. in the case of singles and 600,000 gold for families.

The “Safe 2 percent loan” can be used by specific groups of people. It will not be granted to a person who has reached the age of 45. An additional limitation is that the borrower cannot be the owner or co-owner of any real estate. This program is to support people who want to buy their first apartment or house.

Both conditions are specified in the Act. In the case of a joint household, the youngest person must not be over 45 years old. The second condition applies not only to the borrower, but also to other people in his household.

Revival in banks. The demand for loans is growing

In June, the demand for loans was 1/4 higher than a year ago, according to BIK data. The fact that we are dealing with a consistent improvement of the economic situation on the mortgage market, which has been going on for 10 months, makes us more optimistic. As a result, the demand for loans oscillates around twice that recorded in August 2022, i.e. in the month of the worst mortgage drought.

The reconstruction of the credit market is the result of at least a few changes. Let us recall that the Polish Financial Supervision Authority allowed banks to approach creditworthiness tests more liberally, and the MPC stopped raising interest rates. This has already caused many compatriots to regain their creditworthiness. So some buyers returned to the market. An additional motivator was the imminent start of the cheap loans program for people buying their first apartment (“Secure Credit 2 percent”) – we read in the analysis prepared by Bartosz Turek, the main analyst of HREIT.

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