“Safe loan 2%” so far only two banks. What about the next ones?

On July 1, the Law on State Assistance in the Form of Savings for Housing Purposes came into force. “Safe loan 2%”. with a state subsidy in installments and a housing bill with the possibility of receiving a housing premium from the state budget.

“Safe loan 2%”. - In which banks can I get a loan with a subsidy?

In the first year, there will be no restrictions on either the amount or the number of beneficiaries - everyone who applies for a subsidy and fulfills the conditions of the program will receive co-financing. So you can apply for a bank loan at the beginning of July, but it could be in November or December as well.

The difference will be that in a few months the group of banks offering subsidized loans will increase. Only banks that have previously entered into an agreement with Bank Gospodarstwa Krajowego can submit them for an offer.

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.

Who is eligible for the loan?

The loan will be available to a person under 45 years of age who does not have and did not have an apartment, house or cooperative right to an apartment or house. In the case of married couples, at least one of the persons must meet the age requirement and both must meet the no-ownership condition. So, if one of the spouses has an apartment that he bought before the wedding, this does not allow the partners to qualify for a subsidy. The fact of division of property does not matter.

How much can you claim to buy an apartment?

A person living alone, single, can receive a maximum of PLN 500,000, as well as single people living with a child, or an informal couple raising a common child, or a married couple, regardless of whether they have a child or not - PLN 600,000. This is up to PLN 200 thousand own contribution, so depending on the configuration, the maximum price of the apartment can be PLN 700 or 800 thousand. zloty.

If the beneficiary wants to build a house, there are no restrictions on his own contribution, but the total investment value cannot exceed PLN 1 million. This refers to the sum of the loan amount and the own contribution, which is always the land plot and any contribution made to the construction.

Is it possible to sell an apartment with a subsidy?

- Some clients are afraid that a loan with a subsidy for 10 years will tie them to real estate, because during this time they will not be able to sell, rent or buy another property, because this will result in the need to return the received subsidy. This is not true: the beneficiaries of the “Safe Loan 2%” program. they can manage the real estate, but then they will lose their right to the subsidy for the future and will have to repay the loan with full interest, as if there were no subsidy. However, this does not work in reverse. credit advisor Karol Zimnoch said in an interview with Wprost.

Another thing is when the fact of renting an apartment or buying another one is hidden from the bank. The law provides that within 30 days of the occurrence of such circumstances, the client must inform the bank about them. If he does not do this, and in the future the truth is revealed, then he will have to return not only unjustified subsidies (i.e., collected subsidies.

Every five years, clients will submit a declaration confirming that there are no circumstances leading to the termination of preferences.