Before you refinance a loan

Housing loan

Housing loan

The moment for refinancing the zloty loan is perfect. Housing loan spreads in native currency fell to record low levels. Some banks drastically reduced their margins before the end of the year, wanting to improve sales, while others are seeking competitors’ clients who can already show a repayment history.

On the other hand, the uncertainty of how things develop does not give reason to believe that this will always be the case. On the contrary. It is known that from next year banks will be required to calculate creditworthiness more rigorously. Pursuant to the amended Recommendation S, a client taking a housing loan will have to demonstrate the option of paying off installments for a loan of 25 years, even if he repays the debt for a longer time.

That is why it is worth taking a look at the loan agreement and checking its margin. If it significantly exceeds 2 pp, it is a sign that you should seriously consider refinancing your loan. The operation has a chance of success even with a lower margin, if this is reduced accordingly, and the customer will not be forced to pay a high commission for early repayment of the loan.

What banks offer as part of refinancing?

What banks offer as part of refinancing?

There is no shortage of attractive refinancing. A customer with an 18-month credit history can transfer the loan to 100%. property values ​​according to the simplified path to DNB Nord. All you need is a statement of income to get a new loan, no commission, with a margin of 1 pp. If the customer goes through a full verification, he will receive a margin of 0.79 percent.

In each case, however, it is necessary to set up an account, which affects 5 thousand. PLN every month and accepting a credit card. 1.8 percent insurance is also involved. loan value for two years, and then 0.056 percent debt every month for the next three years.

He made the offer of DB PBC zloty loans very attractive. As a result, the bank is refinancing up to 90 percent. property values, no commission, with a margin of 1.1 pp. If the customer additionally chooses a regular saving program, the margin will be 0.8 pp. Additional necessary conditions to fulfill are a credit card and an account with remuneration.

There is also a chance to refinance 100 percent. property value without commission with a margin of 0.9 pp, if the customer, in addition to the current account and the card, also decides to make a savings program.