# How much do you have to earn to get 300, 400 or 500 thousand? PLN loan?

For the bank to positively consider a loan application, it is necessary to have a permanent source of income, but not necessarily resulting from an employment contract. Banks also positively consider loan applications from entrepreneurs and people working on the basis of a mandate contract. How much do you have to earn to get a mortgage loan? This is calculated by an analyst of the RynekPierwotny.pl website.

In 2023, Poles took out housing loans worth PLN 62.7 billion, which is an increase of over 43% compared to the previous year. Such a large increase in the value of lending is certainly due to the Safe Credit 2% program active last year. The number of loan agreements concluded last year amounted to over 162,000 and was almost 29% higher. than a year earlier. Currently, no subsidy program exists and interest rates are still high. How much do you have to earn today to get a loan of PLN 300, 400, 500,000? zloty. What will be the monthly installment for such a loan?

## How much do you have to earn to get PLN 300,000? PLN loan?

Assuming that we are applying for PLN 300,000. PLN, for a period of 30 years, then based on the current banks’ offer, we can say that with the current APR of 8 – 8.5%. it will amount to approximately PLN 2,200 – 2,300 per month on average. We are talking about a fixed installment (non-decreasing) and a variable interest rate. The amount of the installment will look different in the decreasing installments mode. In this arrangement, although it is ultimately more favorable for the borrower, the installments in the initial period are much higher.

A person applying for such a loan should earn at least slightly over PLN 4,500 per month, assuming that he or she does not incur any additional costs. In fact, the housing fees themselves will be another additional cost. You can safely assume that another PLN 700-1,000 is at stake. So, at minimum, a single borrower should earn about PLN 6,000. zloty.

The situation will be different if two people want to apply for a mortgage loan. Then the remuneration of each of them may be lower – in the amount of at least PLN 3,500 – 3,800. However, the situation is even different when the couple submitting the loan application has a child. In this variant, fixed costs increase. The minimum earnings of each borrower should be PLN 4,500 net.

## How much do you have to earn to get 400,000? PLN loan?

Assuming that the applicant takes out a loan of PLN 400,000. PLN, the loan period is 30 years, then the loan installment is on average about PLN 3,000 (equal installment, variable interest rate). To successfully pass the creditworthiness test, the applicant must earn at least approximately PLN 7,000 net.

You can calculate your creditworthiness more precisely using free calculators that some banks offer on their websites. For example, the PKO BP bank offering the Własny Kąt mortgage package has such a calculator. The calculator shows that a single person earning PLN 7,000 on hand, without any additional debts or dependents, who wants to take out a loan for 30 years can count on a maximum of PLN 760,000. zloty.

If the household consists of two people who apply for a loan together, then the sum of their earnings (due to the increase in the total cost of living for two people) should be approximately PLN 8,000. PLN, so PLN 4,000 net.

Purchasing an apartment on credit, assuming that there is a child in the family – in this variant, the required total earnings of household members will be even higher – about PLN 10,000. zloty.

## How much do you have to earn to get 500,000? PLN loan?

To take out a mortgage loan of PLN 500,000, you must earn at least PLN 8,000 – PLN 8,500, if you are the so-called single. The monthly cost of the loan, assuming that the loan repayment period is 30 years, the interest rate is variable and the installments are equal, will be approximately PLN 3,700. Loan for PLN 500,000 PLN for a couple is equivalent to the need for them to obtain an income of approximately PLN 9,000 net. A family with a child should take into account the requirement to document earnings of approximately PLN 11,000. zloty.