BNP Paribas Bank Polska introduces the first mortgage loan in Poland with a 10-year fixed interest rate, the bank said. The offer still includes a loan with a 5-year fixed interest rate, and the interest rate in both variants is the same.
After the expiry of the fixed interest rate period, the bank allows it to be extended for another period according to the fixed rate offer, which will then apply, or to switch to a variable rate based on 3M WIBOR and with a fixed margin, already specified in the loan agreement.
“A loan with a fixed interest rate is a guarantee that the amount of installments will not change along with the interest rate increases decided by the Monetary Policy Council. For clients, it means greater psychological comfort and easier planning of future expenses from the household budget. At BNP Paribas, up to 10-year fixed interest rate and monthly installments will be guaranteed Despite the fact that mortgage loans are usually taken for 25 to 30 years, they are usually repaid after several years. period of having a loan,” said vice-president Przemysław Furlepa.
As he added, the bank’s offer includes a loan with a 5-year fixed interest rate, and the interest rate in both variants will be the same.
BNP Paribas Bank Polska is a member of the leading international banking group BNP Paribas. It is a universal bank listed on the Warsaw Stock Exchange. The bank’s total assets amounted to PLN 131.78 billion at the end of 2021.
Source: BNP Paribas Bank Polska and ISBnews
