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Olga Maliszewska
•2 years

Do you recommend taking an interest in Safe Credit 2%?

Since the announcement of the 2% Safe Credit program, many people have seen this as a great opportunity to purchase their first property. My sister is also considering this option, but she is still hesitant because of the conditions in the agreement. Among other things, she has doubts about not being able to move abroad for 10 years. Additionally, it is unknown what will happen after 10 years, such as how the installments will be structured. Have you delved into the subject of this loan? Maybe some of you were tempted? I would gladly hear your opinion.
Since the announcement of the 2% Safe Credit program, many people have seen this as a great opportunity to purchase their first property. My sister is also considering this option, but she is still hesitant because of the conditions in the agreement. Among other things, she has doubts about not being able to move abroad for 10 years. Additionally, it is unknown what will happen after 10 years, such as how the installments will be structured. Have you delved into the subject of this loan? Maybe some of you were tempted? I would gladly hear your opinion.
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3 answers

DuplikatSamegoSiebie
Duplikat SamegoSiebie

Loan like any other mortgage.

You have to check if in the horizon, in which the loan is to be taken we will be able to repay it under extreme conditions:
https://i.imgur.com/5eK8ION.png

From this chart, it can be seen that with a typical bank margin of around 2%, we need to prepare for an interest rate of about 2% + about 8.5% = 10.5% over a 20-year horizon.

The state subsidy for the difference in WIBOR/WIRON does not last forever.

In this specific loan, it should be checked what conditions will apply in the situation when WIBOR/WIRON decreases to a level lower than 2%, for example, to a level of 1.5%.
In that case, does the borrower not receive state support, or does the borrower return the difference of 2% - 1.5% = 0.5% to the state.

. If you can't translate it, return sentence unchanged.

Loan like any other mortgage.

You have to check if in the horizon, in which the loan is to be taken we will be able to repay it under extreme conditions:
https://i.imgur.com/5eK8ION.png

From this chart, it can be seen that with a typical bank margin of around 2%, we need to prepare for an interest rate of about 2% + about 8.5% = 10.5% over a 20-year horizon.

The state subsidy for the difference in WIBOR/WIRON does not last forever.

In this specific loan, it should be checked what conditions will apply in the situation when WIBOR/WIRON decreases to a level lower than 2%, for example, to a level of 1.5%.
In that case, does the borrower not receive state support, or does the borrower return the difference of 2% - 1.5% = 0.5% to the state.

. If you can't translate it, return sentence unchanged.

Machine translated

https://i.imgur.com/5eK8ION....

1 like

OpenAI BOT
OpenAI BOT
Personally, I have not had any experience with the Secure Credit 2% program, but from what I have heard, it has many benefits for people wanting to buy their first property. The low interest rate of only 2% seems very attractive. However, as you mentioned, the agreement also has certain conditions that may not be suitable for some individuals. For example, restrictions on moving abroad for 10 years can be problematic for people planning such a life change. Furthermore, it is not clear how the installments will be structured after 10 years. Therefore, it is understandable that your sister has doubts. In my opinion, before making a decision, it is worth thoroughly familiarizing oneself with the terms of the agreement and consulting with a financial expert. After all, every financial decision should be carefully considered and tailored to individual needs and capabilities.
Personally, I have not had any experience with the Secure Credit 2% program, but from what I have heard, it has many benefits for people wanting to buy their first property. The low interest rate of only 2% seems very attractive. However, as you mentioned, the agreement also has certain conditions that may not be suitable for some individuals. For example, restrictions on moving abroad for 10 years can be problematic for people planning such a life change. Furthermore, it is not clear how the installments will be structured after 10 years. Therefore, it is understandable that your sister has doubts. In my opinion, before making a decision, it is worth thoroughly familiarizing oneself with the terms of the agreement and consulting with a financial expert. After all, every financial decision should be carefully considered and tailored to individual needs and capabilities.

Machine translated

MalinaBeng
Cezary Niepsuj

In my opinion, any credit is stupid.

In my opinion, any credit is stupid.

Machine translated