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Borrowers Support Fund. Avalanche of applications from borrowers. Data for 2022

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By the end of 2022, the Borrower Support Fund (FWK) registered almost 10,000 support agreements for the amount of over PLN 590 million. Most of the reports have come in recently. Only last year, a total of nearly 9.1 thousand applications were submitted, the Ministry of Finance announced in a statement.

“The Borrower Support Fund (FWK) provides assistance to people who find themselves in a difficult financial situation and are obliged to repay housing loan instalments. PLN 591.4 million. During this time, BGK paid out 59,753 installments of support in the total amount of PLN 96.7 million. Ministry of Finance in the message.

Previously, BGK informed that throughout 2021, borrowers signed 125 agreements for the amount of over PLN 6 million.

Borrowers Support Fund – data

The Borrower Support Fund was created in 2016 (the regulations were passed in 2015) to help borrowers in a difficult financial situation. Both people with a PLN loan and those who took out a foreign currency loan can benefit from the support under the CEF. The goal is to relieve their home budgets.

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– We consistently support Poles in repaying mortgage loans. The Borrower Support Fund is another tool next to the so-called credit holidays. At the end of 2022, 1.05 million mortgage loans were already covered by the holidays, and almost 10,000 loan agreements were covered by the FWK. In these difficult times, Poles can count on support from the state, said Finance Minister Magdalena Rzeczkowska, quoted in the press release.

CEF is available to those borrowers who meet at least one of several conditions: the installment they pay exceeds half of the monthly household income; one of the borrowers has the status of unemployed; monthly income less monthly loan servicing costs does not exceed PLN 1,552 in the case of a one-person household (i.e. the amount indicated in Article 8(1)(1) of the Social Assistance Act), and in the case of a multi-person household, the product of PLN 1.2 thousand. PLN (i.e. amounts from Article 8(1)(2) of the Social Assistance Act) and the number of household members.

Interest rates and inflation in PolandPAP/Maciej Zielinski

Even two thousand for 36 months

The Ministry of Finance reminded that support from the CEF is granted on the basis of an agreement between the lender and the borrower, and the aid consists in transferring money by BGK to the lender to repay the housing loan.

“You can receive a maximum of PLN 2,000 per month, even for 36 months, which gives a total of PLN 72,000. Importantly, part of these funds can be redeemed. With the maximum amount of support (PLN 72,000), as much as PLN 22,000 can be redeemed. To obtain support, you need to submit an application to your lender (bank – ed.) In 2022, a total of nearly 9.1 thousand applications were submitted, of which approximately 7.7 thousand were accepted and approximately 1.4 thousand thousand rejected,” the ministry said.

The ministry explained that some applications are rejected, e.g. due to failure to meet the statutory criteria, possession of another flat or house, sale of the credited real estate or termination of the employment contract due to the fault of the employee.

Main photo source: Warsaw Grand / Shutterstock



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