The interest rate on the cash loan consists of the Bank’s fixed margin and the 3M WIBOR reference rate (1.67% as at March 31, 2016).
Offer only for students or people planning postgraduate or MBA studies. It is valid at selected universities offering MBA or postgraduate study programs. The offer and the list of universities at which it is valid is available from the Citi Handlowy mobile advisor at the sales stand and by calling +22 692 21 37
(The cost of calling the hotline according to the rates and rules for billing them set by the operator).
The granting and the amount of the loan depends on the positive assessment of the creditworthiness of the potential borrower by Bank Handlowy w Warszawie S.A. Representative example for a cash loan (“Offer for studies”): Actual annual interest rate 6.99%, total loan amount PLN 51,300, paid amount PLN 55,404, contract for 36 months, variable interest rate 1.67%, total cost of the loan PLN 5,545.81, including interest PLN 1,441.81, commission 8% of the total loan amount and monthly operating fee PLN 0. Taking into account the adopted assumptions, the total amount to be paid is PLN 56 845.81, monthly installment PLN 1,579. Status on March 31, 2016
Bank Handlowy w Warszawie S.A. with headquarters in Warsaw, ul. Senatorska 16, 00-923 Warszawa, entered in the Register of Entrepreneurs of the National Court Register by the District Court for the Capital City of Warszawy in Warsaw, XII Commercial Division of the National Court Register, under no. KRS 000 000 1538; NIP 526-030-02-91, the share capital amounts to PLN 522,638,400; the paragraph has been fully paid.