Limits in the Safe Loan 2% program. Minister Bad reminds

On July 1, the Law on State Assistance in Accumulating Funds for Housing will come into force. “Safe 2% loan”, according to which the state will pay extra for installments, as well as a special housing account, where you can save money to buy an apartment in the future.

2% secure loan Unlimited this year

Thanks to state subsidies, the interest rate on the loan for the first 10 years will be 2 percent + the bank’s margin. After this time, the interest rate should return to the market level. The surcharge can be used by people under 45 who do not yet have their own premises.

How will a subsidized loan work in practice?

We go to the bank, we take a loan. They calculate payments and the amount of the co-payment. We pay only as much as after taking into account the surcharge. The procedure is the same as for a regular loan, said Development Minister Waldemar Buda in an interview with TVP Info.

He recalled that in 2023 there will be no restrictions on either the number of recipients or the amount of subsidies. - If 50,000 wishes, it will be useful for everyone. If more people apply, they will also win. No need to be at the bank on July 3rd. An application for a subsidized loan can be submitted in November or December, Buda explained.

2% secure loan and an apartment as an inheritance

As we have already mentioned, the loan will be available to a person under 45 years old who does not have and did not have an apartment, house or cooperative right to an apartment or house. In the case of a married couple or parents of at least one common child, at least one of them will have to meet the age requirement.

Therefore, if one of the spouses has an apartment purchased before the wedding and owned by personal property, the couple will be excluded from participation in the program. Both spouses must meet the terms of the program to be eligible as a couple.

And is receiving real estate in the form of a gift an obstacle? We asked Karol Zimnoch, a loan officer from Bialystok, about this.

– A person who received a gift of real estate will not be excluded from the scheme, provided that he inherited up to 50% of the property. shares in residential real estate. The second condition is that he must not have lived in the property for at least 12 months prior to applying for a loan. Thus, if the client inherited half of the house and the other half was inherited by his brother, and he lives in this house, the client can take advantage of the program , the interlocutor explained.

Safe Loan 2 Percent What conditions must be met to use the program?

Let’s summarize what conditions the borrower must fulfill in order to use the loan subsidy for 10 years. Must:

• have a creditworthiness adequate to the amount of the loan that he wants to receive;

• before the date of disbursement of the housing loan:

• do not have the right of ownership to residential or individual residential premises, and

• he may not have a cooperative right in relation to a dwelling or a single-family home, and

• at the date of granting the loan should not be older than 45 years.

Which banks work in the “Reliable loan 2%” program?

While the two largest banks, PKO BP and Pekao SA, are participating in the program, five more are completing an agreement with BGK. Last Friday, on Twitter, Development Minister Waldemar Buda announced that “the introduction of a 2 percent safe loan. eight banks holding a 50 percent share of the mortgage market.

- We are waiting for other banks that want to participate in this program, another five complete the agreement, and by the end of the year, basically all banks want to enter the program, - Minister Buda said a few days ago.