the credit holiday project is far from sufficient

  • Last Tuesday, the government passed a bill on help with the repayment of mortgages
  • According to Arkadiusz Szcześniak, the president of the Stop Banking Bezprawiu Association (SBB), the project does not meet the expectations of borrowers
  • Szcześniak is also concerned that banks will block borrowers’ access to credit holidays
  • The solution borrowers are waiting for is the option to convert their WIBOR loan into a fixed-rate loan – says the expert
  • More such information can be found on the main page of Onet.pl

The bill on credit holidays provides, among other things, for the option of suspending the repayment of mortgage installments for eight months. Borrowers can use them in every two months of the third and fourth quarters of this year and one month in each of the 2023 quarters, and the solution will be available to all borrowers who have loans in Polish zlotys. According to the project’s Regulatory Impact Assessment, assuming borrower aid utilization by 50 percent. entitled, the estimated cost of this solution for the banking sector in 2022 and 2023 is approximately PLN 8 billion

According to Arkadiusz Szcześniak, the president of the Stop Banking Bezprawiu Association (SBB), the project does not meet the expectations of the borrowers.

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