Mortgage in Poland with foreign currency income

Getting a mortgage in Poland with foreign currency income is very challenging. This is because the Polish law is strict and Polish bank are very conservative.

According to Polish law a mortgage currency must be the same as an income currency of a borrower. There is only one exception: if you run a business in Poland (or you are self-employed) and you invoice in foreign currency you can still get a mortgage in Polish Zloty.

There are only two banks in Poland which offer mortgages in foreign currency: Alior Bank and Pekao Bank.

Here are the only foreign currencies acceptable for a mortgage in Poland:

• Euro – EUR
• Norwegian Krone – NOK
• Swedish Krona – SEK

These are the basic eligibility criteria you must meet to qualify for a mortgage as a foreigner in Poland:

• You have a Pesel number (Polish Personal Identification Number).
• You have a Residency Card (if you are from outside EU) or you are officially registered as an UE resident in Poland.
• You have a living address in Poland.

Income in Euro

If you have an income in Euro there are only 4 possible options to qualify for a mortgage in Poland:

1. You are employed in Poland.
2. You are employed outside Poland and your salary is paid into your Polish bank account.
3. You are employed outside Poland and you have Polish citizenship. In this case your salary doesn’t have to be paid into Polish bank account.
4. You run a business (or you are self-employed) and your business is registered in Poland. In this case you can get a mortgage in Polish Zloty even if you have a contract with foreign company and you invoice in foreign currency. A mortgage in EUR is also possible in this case.

There is no chance to get a mortgage in EUR if you don’t match to any of the above options.

The table below shows the basic elements of mortgage offers in Euro.

Income in Norwegian Krone or Swedish Krona

If you have an income in NOK or SEK there are only 3 possible options to qualify for a mortgage in Poland:

1. You are employed in Poland.
2. You are employed outside Poland and your salary is paid into your Polish bank account. This is also required from Polish citizens.
3. You run a business (or you are self-employed) and your business is registered in Poland. Int his case you can get a mortgage in Polish Zloty even if you have a contract with foreign company and you invoice in foreign currency. A mortgage in SEK or NOK is also possible in this case.

There is no chance to get a mortgage in SEK or NOK if you don’t match to any of the above options.

The table below shows the basic elements of mortgage offers in NOK and SEK.