In the second quarter of 2022, the share of loans with a fixed rate in new sales of the PKO BP group reached 79%, and their share in the portfolio of PLN mortgage loans at the end of the first half of 2022 was 13.8%. – the bank announced on Thursday.
This means that, on average, out of five new loans, as many as four have a fixed interest rate, not the one based on WIBOR.
It is a real revolution for the market. How because we wrote in Business Insider Polskaa year ago this product practically did not exist in our country, a nearly 100 percent loans were based on a floating rate.
Now that is changing. And not only in the context of new loans, but also those agreements that were concluded in previous years.
See also: Loans with a fixed interest rate: everything you need to know about them. What about installments when the contract ends?
PKO BP reported that the number of signed annexes to mortgage loan agreements (the annexes include the conversion of existing variable rate loans into fixed rate loans) in the first half of 2022, it amounted to over 33.7 thousand
“Fixed rate loans are a product that protects customers against an increase in interest rates, which results in the stabilization of the installment level and the predictability of the burden on household budgets during the fixed rate period” – the bank said in the report.