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Secure Credit 2 percent, a network of banks. Waldemar Buda comments

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Eight banks with a 50 percent share in the mortgage loan market are working on entering the Secure Credit 2 percent program, said Waldemar Buda, Minister of Development and Technology. He added that cooperative banks are also interested. The program starts in a few days.

On July 1, the Act on state aid in saving for housing purposes enters into force. “secure loan 2 percent.” with a state subsidy for installments. Loans will be granted by banks which will conclude an agreement with Bank Gospodarstwa Krajowego.

“Eight banks with a 50% share in the mortgage loan market are in the process of entering Safe Credit 2 percent,” the development minister said on Twitter on Friday. “We also note the interest of the PBS and SGB Groups, which gives us a chance to participate in the program of a large network of cooperative banks” – added the head of the Ministry of Entrepreneurship and Tourism.

Secure credit – details

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According to the law “safe credit” with a periodically constant interest rate a person up to the age of 45 will be able to enlist; if the loan is granted to both persons running the household, the age condition will have to be met by at least one of them. The loan may be granted for the first flat – persons belonging to the borrower’s household will not be able to have, on the day of granting the loan or in the past, a flat, a house or a cooperative right to a flat or a house.

The amount of the “secure loan” cannot exceed 500,000. PLN or – if the borrower runs a household together with his spouse or has at least one child – PLN 600,000. zloty. Own contribution cannot be higher than 200,000. zloty. In the absence of own contribution or incomplete contribution, it will be possible to use the guarantee of Bank Gospodarstwa Krajowego.

The subsidy to the installments will be due for 10 years, and the loan will be repaid in the formula of fixed capital installments (decreasing capital and interest installments). During the period of application of subsidies, the loan interest rate, according to the explanations on the website of the Ministry of Development and Technology, will amount to 2 percent for the borrower. plus a margin, commission and other bank charges (if any).

“Safe loans” will be granted until the end of 2027.

Read also: A program of cheap housing loans. The law was published

Main photo source: Shutterstock



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