Merged thread:
This what you could receive from Getin Noble bank and our comments
Mortgage Offer
Purpose of the loan purchase of an apartment/house; both primary (off-plan) and secondary market
Loan period up to 30 years
Currency of loan PLN or EUR
Minimum down-payment 30%
Bank Completion Fee 3,45% for executing the loan agreement
(added to the loan amount, but has no impact on LTV)
Completion time up to 14 work days for the credit decision (provided all the documents required are
submitted)
Loan interest cost (p.a.)
- variable interest rate, PLN: variable bank index based on WIBOR 12M + fixed
margin (according to the Product Offer -> 4,95%) or
- variable interest rate, EUR: variable bank index based on EURIBOR 3M + fixed
margin (according to the Product Offer -> 4,95%) there is also special offer in Euro
(explained below)
Prepayment fee 1st year – 5%
2nd year – 4%
3rd year – 3%
4th year – 2%
5th year – 1%
starting from 6th year - none
Security 1. mortgage on the property in Poland
2. assignment of receivables under insurance against fire and other calamities
3. blank promissory note
4. submission to enforcement according to The Banking Law Act
5. bridging security: the interest is increased by 2% (until a mortgage register
excerpt containing a final and non-revisable entry of first place mortgage is
submitted)
6. deposit (six times installment)
Additional information: - Interest-only period obligatory until the last drawdown is issued + 12 months if
required
- designation of an address for correspondence in Poland is obligatory
Mortgage Offer - “NEW EURO”
Currency of loan EUR
Minimum down-payment 30%
Bank Completion Fee 0%
Home insurance due to legal defects 0,95% for executing the loan agreement
(added to the loan amount, but has no impact on LTV)
Completion time up to 14 work days for the credit decision (provided all the documents required are
submitted)
Loan interest cost (p.a.)
- variable interest rate, EUR: fixed interest rate of 2,99% for two years
- all the excessive parts of installment (1,96% – part of original Banks margin + Euribor + 2,49% ) are added up to
the capital after 2 years, it will not make a big difference to the capital balance but it will secure your cash flow;
* 2,49% is a fee for the possibility of extending the non payment period by 2 years
- loan must be released as a whole
- annex is valid after 90 days after releasing loan
Prepayment fee
1st year – 4,5%
2nd year – 2,25%
starting from 3rd year – none
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