The cheapest mortgages in November
Selected best offers for purchase and refinancing. A comparison of instalments and interest rates under the same assumptions.
Below I have put together selected best mortgage offers for November. All calculations are based on the same assumptions so that they can be compared fairly: a property worth PLN 600,000, a 20% down payment, a loan of PLN 480,000, a 25-year term and equal instalments.
| # | Bank | Instalment | Rate |
|---|---|---|---|
| 1 | ING Bank Śląski margin 1.79% | 2,864 PLN | 5.21% |
| 2 | VeloBank margin 1.89% | 2,930 PLN | 5.44% |
| 3 | Bank Pekao S.A. margin 1.89% | 2,930 PLN | 5.44% |
| # | Bank | Instalment | Rate |
|---|---|---|---|
| 1 | Millennium Bank | 3,063 PLN | 5.90% |
| 2 | VeloBank | 3,101 PLN | 6.03% |
| 3 | Bank Pekao S.A. | 3,107 PLN | 6.05% |
| 4 | ING Bank Śląski | 3,113 PLN | 6.07% |
| # | Bank | Instalment | Rate |
|---|---|---|---|
| 1 | ING Bank Śląski margin 1.35% | 2,741 PLN | 4.77% |
| 2 | Bank Pekao S.A. margin 1.69% | 2,873 PLN | 5.24% |
| 3 | mBank margin 1.96% | 2,910 PLN | 5.37% |
Indicative data. An individual offer depends on the client's creditworthiness and situation.
* The reference rate used to set the interest rate is POLSTR 1M
How to read this comparison
- Instalment is the monthly principal-and-interest payment under the stated assumptions, excluding any additional costs and insurance.
- Interest rate for a variable rate is the bank's margin plus the reference rate, and for a fixed rate it is the rate that applies for the first 5 years.
- A variable rate is usually cheaper today than a fixed one, but the instalment can change together with the reference rate. A fixed rate is more expensive, but it gives you a predictable instalment at the start of the loan.
- A 20% down payment usually lowers the margin. With a lower down payment the offers are more expensive and the order in the ranking may look different.
- Refinancing is a chance for real savings, because the differences in margins between banks are the biggest there.
What this means for you
The ranking shows "off the shelf" offers. The final terms depend on your creditworthiness, down payment, type of property and income, so the actual offer may differ. I will gladly check what terms you can get and compare the banks I work with. The meeting is completely free.
Want to check how this looks in your case? Book a free meeting and I will compare bank offers for you.
Book a meetingThis material is for information only and is not an offer or a recommendation. Individual loan terms depend on the client's creditworthiness and situation.