Poles started looking for loans. There has been no such result for almost two years

From the data provided by the Credit Information Bureau (BIK), we learn that in September, banks granted 52.4% more loans. more housing loans than in the same period last year and by 22.2 percent. more than in August this year. The increase in the value of housing loans granted was 62.8%. year to year, and compared to the previous month there was an increase by 20%.

More and more housing loans. Record broken

– The high scale and value of lending in the housing loan segment is evidenced by the level of September sales amounting to PLN 10.67 billion. This is a historical record for the monthly amount of financing granted. It is higher by PLN 336 million than the previous record from January 2024, from the peak of the then borrower support program (Safe Credit 2%). – emphasizes Dr. Hab. Waldemar Rogowski, chief analyst of the BIK Group.

– The main reason for such high activity in this segment is the growing creditworthiness, caused by interest rate reductions and still growing real incomes. However, it must be taken into account that these favorable market conditions may be disturbed by an increased sense of uncertainty and escalation of the global situation. In the event of de-escalation, demand for housing loans may strengthen further – he adds.

In September, the average amount of a housing loan was PLN 448.91 thousand. PLN and was 6.8 percent higher than last year.

Let us recall that both in September and October, the Monetary Policy Council (MPC) reduced interest rates by 0.25 points. percent The prime interest rate is currently 4.50%. The cuts are good news for borrowers, as mortgage and business loan installments will be lower. The next meeting of the Monetary Policy Council regarding interest rates is scheduled for early November.