“Safe Credit” since July. Other banks will include it in their offer

The so-called secured mortgage offers at 2 percent. will appear in the offer of commercial banks that signed an agreement with Bank Gospodarstwa Krajowego in early July. Although the law allowing the issuance of loans with state subsidies is still awaiting the President’s signature, BGK reports that more commercial banks are joining the group interested in issuing them.

Credit with additional payment

Bank Gospodarstwa Kredytowego told RAP that four banks are ready to provide a “secure two percent loan.” to your offer.

“We are in the process of preparing an IT system for credit banks. We will make this system available to banks after signing agreements on the program operation with them. Creditor banks will be able to register online loan applications and information about contracts concluded with the borrower, said Katarzyna Fortuna from BGK.

How does “safe credit” work?

Simply put, the Safe Loan 2% program. involves state subsidization of mortgage loans, which should reduce the fixed rate on the loan to the level of 2 percent, i.е. similar to those in place prior to the COVID-19 pandemic. The bank’s margin, commissions and other bank charges (if any are charged by the bank) must be added to this level. State subsidies, in accordance with the draft law, should be provided within the first 10 years after the repayment of the loan. After this time, the borrower will continue to repay his loan in the form of a fixed amount of principal and interest payments (so no subsidies).

2% Safe Loan is a program aimed at individuals under the age of 45 who do not and have never owned their own apartment, house or co-op right to an apartment or house. Subsidies will be available to single people, married couples and people who have an informal relationship with at least one child. Therefore, the draft act does not provide for the possibility of obtaining a “Safe 2%” loan. unmarried couples with no children.