The First Apartment program is an opportunity to take advantage of the system of subsidies to . Its interest rate is then to be 2%, plus the bank’s margins. However, in order to be eligible to participate in the program, several conditions must be met. What must be done? We suggest.
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What do you have to do to get a safe 2 percent loan? Conditions that must be met
From July 1, 2023, you will be able to use the so-called secure credit 2 percent. However, not everyone will have this opportunity. Only people aged up to 45 who plan to buy or build their first apartment or house can apply for it. Only those who have never owned real estate in the past and have not had a cooperative right to the premises will receive it. You should also have a sufficiently high creditworthiness, corresponding to the loan you want to get. If the loan is granted, subsidies will be payable to it for 10 years, which will reduce the installment so that the interest rate is about 2.7%. What exactly will it look like?
Secure credit 2 percent. How much is?
If you meet the appropriate conditions, you can apply for a safe 2 percent loan. But how much can you gain? It turns out that a lot depends on the situation and not everyone will receive the same loan amount. What are the forks? In the case of applying for a loan to buy a flat or a house, a person aged up to 45, who is the so-called singles can get up to 500,000 PLN, and spouses or partners with at least one child can apply for PLN 600,000. zloty. It is different when the loan is to be taken to complete the construction that has already started. Then the maximum loan amount is 100,000. PLN for a single and 150 thousand. PLN for a family or partners with children.
How does it look in practice? An example can be found on the official website of First Apartment. We will read there that if a married couple with a child received a loan for 30 years in the amount of PLN 550,000. zlotys with a fixed interest rate of 8.46%, then in 10 years the subsidy from the government will reduce its installment. Without the subsidy, the installment amount would be about PLN 5.4 thousand. PLN, and with a surcharge it is to be about 2.8 thousand. PLN per month.
Source: Gazeta
Bruce is a talented author and journalist with a passion for entertainment . He currently works as a writer at the 247 News Agency, where he has established himself as a respected voice in the industry.
