National Bank of Poland base rate: 6.25%
WIBOR 3M: 6.90%
WIBOR 6M: 6.95%
What are the current interest rates for mortgages in Poland?
On 11 May 2023:
- The average 5-year fixed-rate mortgage interest rate in Poland is 7.83% (based on 80% LTV)
- The average variable-rate mortgage interest rate in Poland is 8.87% (based on 80% LTV)
(Average rates from my own calculations based on the mortgage rates today for various mortgage offers across the market)
You can use my Mortgage Repayment Calculator to calculate your monthly mortgage payments in Poland.
Best 5-year fixed rate mortgage in Poland
The best rate on a 5 year fix today is from Alior Bank at 7.37%. You will need at least 20% deposit. There is no arrangement fee but the bank requires a life insurance for 5 years which is paid in advance and it costs 2.85% of the mortgage amount. You will also need to open a current account at the bank, transfer you salary into this account and use a debit card making transactions for at least 300 PLN every month.
Best variable-rate mortgage in Poland
The best rate on a variable-rate mortgage today is from PKOBP at 8.4%. (1.45% margin plus WIBOR 6M). You will need at least 50% deposit and minimum 700,000 PLN mortgage amount. There is no arrangement fee but there is an unemployment insurance (3.25%), life insurance, credit card and current account with a salary transfers.
The above rates aren’t necessarily indicative of the rate you would be offered. It is also important to look at mortgage fees and the bank’s criteria when choosing the best mortgage deal.