Polish Banks Await Guidelines for Safe Credit 2% Loan Program

Polish Banks are eagerly anticipating guidelines from the Polish Financial Supervision Authority (KNF) regarding the calculation of creditworthiness for the recently proposed “Safe Credit 2 percent” loan program. The guidelines are expected to be released soon, as Members of Parliament are likely to vote on the bill this Friday. The program aims to provide low-interest loans to individuals under the age of 45 who do not own or have not previously owned a property. Loan amounts will be capped at 500,000 PLN (or 600,000 PLN for borrowers with a spouse or child), with a maximum down payment of 200,000 PLN.

The Role of Polish Banks in Poland:

Under the Safe Credit 2 percent program, subsidies will be provided for a period of 10 years. The loan will carry a fixed interest rate throughout this period, with the borrower’s interest rate set at 2 percent, plus the bank’s margin. The loan installments will gradually decrease, allowing a significant portion of the capital to be repaid during the subsidy period. This design aims to prevent a significant increase in installments after the subsidy period ends, potentially resulting in higher creditworthiness compared to standard loans without subsidies.

One key aspect yet to be clarified is whether and to what extent Polish banks will be able to consider the subsidies when calculating creditworthiness. Bankers are eagerly awaiting guidelines from the KNF, which is currently finalizing the amendment to Recommendation S—a set of guidelines that shape lending policies for Polish banks.

Some bankers, interviewed by Interia.pl, expressed their hope for more favorable creditworthiness calculations if regulations permit. They argue that the 10-year period of additional payments and the subsequent decrease in the capital balance, coupled with various mechanisms to reduce repayment risks, should allow for more lenient calculations. However, they also emphasize the need to comply with existing regulations in banking law and Recommendation S. Without guidelines allowing for more favorable creditworthiness calculations, this bank program may not reach the expected scale, leaving many customers empty-handed.

Polish Banks will need to consider the risk that some customers may lose subsidies if they no longer meet the program’s eligibility criteria. As the July 3 start date for the program approaches, the banking industry eagerly anticipates the release of KNF guidelines, which will play a crucial role in determining the success and implementation of the Safe Credit 2 percent loan program.

Implications for Banking and Business

Developments in the Polish banking sector affect businesses operating in the country in several ways. Access to corporate banking services, credit availability, deposit rates, and payment infrastructure are all critical factors for companies — whether established Polish firms or foreign-owned entities entering the market.

For foreign entrepreneurs setting up operations in Poland, choosing the right banking partner is a strategic decision. Major Polish banks including mBank, ING Bank Śląski, Bank Millennium, PKO BP, and Santander Poland offer varying levels of service for international clients, including English-language online banking, multicurrency accounts, and dedicated relationship managers for corporate clients.

The Polish banking market is well-regulated by the KNF (Financial Supervision Authority) and participates in the EU deposit guarantee scheme (BFG — Bank Guarantee Fund), providing deposit protection up to EUR 100,000 per depositor per institution. This regulatory framework provides stability and confidence for businesses maintaining corporate funds in Polish banks.

If you are doing business in Poland or considering entering the Polish market, Zalewski Consulting can help. Learn more about our personal income tax advisory, or contact us for a free consultation.