Relief in the portfolio for borrowers. How much will we save on lower interest?

The reduction of interest rates became a fact, but the very announcement of this traffic was enough for borrowers to change. Soon it will be possible to feel in the wallet. Also if we use consumer loans.

After a relatively long period of stabilization of the feet at a high level, a new chapter for the market is coming. For the first time since autumn 2023, the money price was reduced. Importantly, this time the decision was preceded by a definite announcement. That's why We have already seen the effects of the May RPP decision before.

Mortgage loans have been cheaper from the beginning of April, and the banks also cut the rates proposed on savings accounts and term deposits. The second stage of price movements will be the matching of anti -uspberry regulations. The most expensive forms of borrowing money will become – from credit cards to non -bank loans.

“A floral centers” can already count savings

Banks today granting mortgage loans with a variable interest rate are based on one of three indicators – WIBOR 1M, 3m or 6m. Each of them already reflects the expected foot decreases in their listings, but reaching into the closer (1m) or further future (6m). WIBOR 6M included the largest distance within a month, by 0.7 pp., And from the “Plateau” from the first quarter of the year it is divided by over 0.8 pp.

Let's assume that the borrower will soon receive a new repayment schedule updated every six months. This means that the loan installment at 500 thousand. PLN, repaid for 25 years with a margin 2.1 pp. It will drop after an interest rate update by approx. PLN 260, from PLN 3,843 to PLN 3,575. If the WIBOR 6M decrease in a decrease in a total of 100 PB in the near future. (this is a market consensus of expectations), an example installment of a loan will be reduced by PLN 57 to PLN 3518.

A slightly smaller landslide was caused by the announcement of foot reductions in the case of WIBOR 3M. Compared to the beginning of April, this indicator is about 0.5 pp. For WIBOR 1M, the movement is even smaller and amounts to about 0.3 pp. This “switching” is temporary and although the mortgage borrower's portfolio will feel at different dates (resulting from different types of indicator and rate update dates), this is Ultimately, the scale of installments will be similar. A similar mechanism will work for cash loans with a variable interest rate.

Speaking of current borrowers and their charge, it is worth adding a reservation. In the last 3 years in the new sales of mortgages loans dominated periodically with a fixed interest rate. The reduction of the feet will not affect the installments of such obligations in any way. The rates for new percentage mortgages are already lower by about 1 pp. than in March.

The most expensive loans will be taken … automatically

The costs of consumer loans are limited today in two ways – through Limit of interest costs and boundaries for fees and commissions. Only the first of these ingredients is directly related to the reference foot. Lenders could still wish themselves to this day maximum 18.5 percent annual.

Foot reduction by 0.50 pp. will bring a limit to 17.5 percent. In some products, the most expensive ones, the MPC decision will automatically translate into reduction of interest costs. This applies to loans in credit cards or some account limits. For those using non -bank loans, the difference will not be clearly felt. In their case, the first violin is played by non -interest costs.

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