publication
2025-04-17 06:00
In the April list of mortgages with a variable interest rate, we only recorded minor changes in the margins. And without them, however, installments proposed profile borrowers are several hundred zlotys lower than a month earlier.
Banks offering loans with periodically constant interest rate reacted to the perspective of interest rates. As we pointed out in the summary of the April ranking, the “6” rates at the front are currently standard. In the case of loans based on the “WIBOR plus margin” design, you don't even need to change the price lists. The decrease in rates pulled the interest rate.
Within a month, WIBOR 6M decreased by over 0.5 pp., WIBOR 3M by over 0.3 pp. At that time, WIBOR 1M recorded only slight fluctuations. The quotations show the effects of various “perspectives” that individual indicators have. Those that reach further discount the decrease in the price of money. Others take into account only the nearest movements.
In such an environment, mortgage parameters with a variable rate turn out to be extremely liquid. First of all, products based on WIBOR 6M are cheaper. They will also stop cheaper first when the expectations of the end of a series of interest rates appear. The “turnout” of indicators is also an opportunity for banks to tinker unnoticed for customers in price lists. Fortunately, we don't see such movements in the April ranking.
Who did the banks prepare simulations for?
In the ranking table we show banks for the “Two plus one” family living in Warsaw. Profile customers buy a 55-meter flat from the secondary market costing 740,000. zloty.
We assume that borrowers have a total of 15,000 at their disposal. zloty. A 29-year-old woman is employed on the basis of an employment contract for an indefinite period and earns 8,000. PLN net. Her 32-year-old partner has a similar situation, but slightly lower earnings-7,000 PLN per month. The couple currently do not repay any credit liabilities, and the history of borrowers recorded in BIK does not contain negative entries.
We assume that customers are willing to use additional products in exchange for better loan terms. The simulations presented by banks assume the sales of the Cross (Cross Sell).
Best loans with a variable interest rate and 20 % own payment
The lenders received the task to prepare simulations based on unified indicators. We adopted readings from April 9, although some banks did not adapt to the boundary conditions (which we noted in the table). The 6m, 3m and 1m rate was 5.83 percent, respectively, 5.61 percent. and 5.34 percent
We assume that the payment of their own borrowers is a standard 20 percent of the property price. The sum of the loan is 592 thousand. zloty.
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Loan for PLN 592,000, for 25 years, LTV 80 percent, variable interest rate (for profile borrowers). Simulation based on the unified rate of indicators (WIBOR 1M 5.83%, WIBOR 3M 5.61%, 6m 5.34%) |
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|---|---|---|---|---|---|---|
|
LP. |
Bank |
Interest |
Margin |
Installment equal (1) |
Total credit cost (2) |
APRC (3) |
|
1. |
BOŚ (4) Ask |
7.28% (WIBOR 6M + margin) |
1.99% |
PLN 4,290 |
PLN 695 139 |
7.89% |
|
2. |
Citi Handlowy (5) Ask |
7.48% (WIBOR 3M + margin) |
1.89% |
PLN 4,367 |
PLN 718 758 |
7.74% |
|
3. |
ING Bank Śląski Ask |
7.65% (WIBOR 1M + margin) |
1.80% |
PLN 4,427 |
PLN 744 049 |
8.23% |
|
4. |
PKO BP – a permanent customer Ask |
7.27% (WIBOR 6M + margin) |
1.93% |
PLN 4,289 |
PLN 746 310 |
8.79% |
|
5. |
BPS Bank Ask |
7.70% (WIBOR 3M + margin) |
2.09% |
PLN 4,452 |
PLN 757 445 |
8.27% |
|
6. |
PKO BP Ask |
7.37% (WIBOR 6M + margin) |
2.03% |
PLN 4,327 |
PLN 757 772 |
8.91% |
|
7. |
Credit Agricole Ask |
7.60% (WIBOR 3M + margin) |
1.99% |
PLN 4,413 |
PLN 767 013 |
8.43% |
|
8. |
Alior Bank (5) Ask |
7.78% (WIBOR 3M + margin) |
2.19% |
PLN 4,483 |
PLN 770 725 |
8.59% |
|
9. |
Bank Pekao Ask |
7.79% (WIBOR 1M + margin) |
1.94% |
PLN 4,575 |
PLN 796 146 |
8.47% |
|
10. |
Santander Bank Ask |
8.01% (WIBOR 3M + margin) |
2.40% |
PLN 4,573 |
PLN 796 753 |
8.71% |
|
11. |
mBank Ask |
7.45% (WIBOR 3M + margin) |
1.84% |
PLN 4,119 |
PLN 916 236 |
8.09% |
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(1) monthly installment after paying bridging insurance. (2) We consider the sum of interest, commission, bridging insurance, low contribution insurance and the cost of other insurance as a total cost of the loan. Cost given on the basis of simulations prepared by banks. (3) The actual annual interest rate provided by the bank in the simulation. (4) The bank has adopted a 1m WIBOR reading 5.29%. (5) The bank adopted a 3m WIBOR reading 5.59%. Source: Bankier.pl based on information from banks, 9-14.4.2025. |
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In the ranking table, the margin rates below 2 pp prevail. Compared to March, two institutions lowered this parameter, and one decided to raise. The changes, however, deserve to be called symbolic and do not negate the last inheritance trend.
Loans with variable interest rate remain “starting” more expensive than their equivalents with a period of periodically. This translates into differences in the dating back, in our profile example, even PLN 400 per month. However, they may prove to be more favorable in the long run if the scale of foot discounts proves to be greater than today.
The space dividing both options looks different in each of the banks. For example, in Citihandl, the interest rate will level after a decrease in WIBOR by only 0.18 pp. In the BPS bank it would have to be as many as 1.63 pp.
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