Fixed and low rate credit → possible or utopian?


Often when we start to document for the first time on the terms of obtaining a mortgage, we quickly realize that a variable rate is significantly lower than a fixed rate which would tend to push us towards this solution , but which, as its name suggests, can also reserve the news of an increase that we will not welcome.

Yes, but the fixed rate is always higher and generally quite marked. So what to do? Is it not possible to benefit from a credit at a fixed rate and low at the same time? This is what we will see in a little more detail in the following lines.

  • Fixed and low rates, what you should not dream about
  • Fixed and low rate credit: tips for getting one

What you should not delude yourself about your fixed rate credit?

What you should not delude yourself about your fixed rate credit

That one seeks to obtain a credit at the best rate, it is quite legitimate and that justifies many steps or the recourse to a broker in real estate credit why not. That being said, one should not dream either and there are things on which the miracle cannot take place. For example, you can never get a fixed rate lower than a variable rate from a given bank.

You will also not be able to get a fixed rate in one bank lower than a variable rate in another. Or if you could, but if so, it is so unlikely that there will most likely be a wolf. Even when certain banks practice an aggressive policy on the rates of their mortgages to be able to recover new customers, they cannot in most of the cases align their fixed rates (on the same amount, of course) with the variable rates of competitors who are less in need of customers at that time.

Even by calling on a very good mortgage broker, who will have to pay for it goes without saying, the operation seems unlikely. However, there are a few little tips that we want to tackle on loan credit and which we will reveal below.

Tips for getting a low and fixed rate loan

Tips for getting a low and fixed rate loan

The first tip is to wait for the right time. Indeed, as you may know, the real estate market and the credits that accompany it is a market that is fluctuating and to succeed in obtaining a correct rate, whether it is a loan to fixed rate or variable rate credit. Obviously, it is easier to say when we decide to make a mortgage for rental investment than to buy the property that will be your main residence, but it happens that even in this specific case you are not necessarily in a hurry, like a first-time buyer who lives with his parents while waiting for the right moment, for example.

The first tip will therefore be to wait for the moment when the rates are at their lowest and when all the banks offer attractive rates.

Then, it is necessary to take again the concept which we evoked above. The different banks practice different rates according to their customer needs and the mortgage is one of the main levers to encourage customers of a bank to leave it to steal it from their competitors.

This strategy of capturing customers is one of the elements that are found in the rates charged, whether fixed rate loans or variable rate loans. The idea is therefore to find which bank has the most need to get new customers based on the rates charged on mortgage loans. For this, a quick tour of the websites of the various banks will give you an overview.

If your current bank practices advantageous rates, it is because it seeks to recruit new customers and therefore also in parallel not to lose them. This puts you in a strong position to negotiate with them because they will not let you go.

Going to see your banker to ask him for a loan at a fixed and low rate by having previously recovered simulations carried out with two other banks which are also in great need of new customers will have a good chance of achieving a satisfactory result.

If your current bank does not have attractive interest rates, they will not necessarily be willing to work hard to keep you. Ask them for a simulation anyway, out of curiosity, it doesn’t ask you anything and you could sometimes have a good surprise.

If not, make a simulation with one or two banks which practice attractive rates and go to see another which also proposes attractive rates of loan by saying that you had an interesting proposal, but that you are well with your bank, where you have your habits and it would take a little more to push you to change them.

By doing this, you could get a little extra gesture, applicable on both types of loan, variable or fixed and which could therefore allow you to sign a loan at fixed and low rates.

Statement loans or loans with a guarantor – what to choose?

The offer of non-bank loans is addressed to a wide range of recipients, both people with high creditworthiness and people with lower ability. The most offers for this type of loan can be found on the Internet.

Traditional payday loans are loans based on a statement, so they do not require an income certificate. There are also loans with additional collateral. Which is more profitable: loans without a guarantor or loans with a guarantor?

Quick cash with a loan based on the statement

Quick cash with a loan based on the statement

Everyone who earns enough income to take out a loan and has not had problems with payment in the past should choose a loan with a statement. These loans should be tailored to the borrower’s ability so that he has no problems repaying them. Important in verifying the applicant for a loan is:

  • the correctness of the data in the application,
  • statement on the financial position, including income earned,
  • timely repayment of other liabilities.

Non – bank statement loans allow you to receive cash quickly. The decisive factor here is that you do not need to attach a certificate of income to your loan application. The borrower’s declaration is the basis for any possible liability, therefore it is important to present the situation in accordance with the facts.

Fraud, even if it is not seen at the stage of granting the loan, can see the light at the time of late payment. It is better to report financial problems to the lender and request an extension of the repayment deadline. This will reduce the risk of major problems, although an additional fee may be charged for extending the deadline.

Non-bank loans with a guarantor

Non-bank loans with a guarantor

In the case of poor creditworthiness assessment, one should take into account the refusal to grant a loan or a loan in a lower amount than the one applied for. Low credit standing does not disqualify you from receiving a loan. In fact, the loan company is at greater risk, which is why additional security is required from the borrower.

It does not always have to be of some value. Not everyone has the right to ownership of the inhabited property. In addition to loans against real estate, which, however, carry the risk of losing a roof over your head, there is a loan with a guarantor.

From a loan institution’s point of view, an additional person in the loan agreement reduces the risk of borrowing money. Importantly, anyone who:

  • will be 18 years old,
  • has adequate creditworthiness (must have sufficient income),
  • has the ability to perform legal acts.

It does not have to be a person related to the borrower. In the event of the financial problems of the borrower, the resident assumes the obligation to repay the loan.

First loan for free as a promotional item for lenders

In the offers of Polish loan institutions, solutions such as the first loan for free can be found more and more often. Often customers, especially those who have not used the services of the non-banking sector before, approach such solutions with great distrust. After all, even with regard to banks, such a thing as free credit is not only absent but seems completely unreal.

However, it is worth being aware that loan institutions operate according to a different business model than banks. What’s more, the turnover and profits of companies in this sector are growing every year, which allows loan institutions to offer their clients solutions that, for example, banking institutions simply could not afford for purely economic reasons.

First loan for free as a promotional item for lenders

First loan for free as a promotional item for lenders

First of all, it should be clearly stated that solutions such as free payday pay are always part of the promotional offer of loan institutions and not part of the basic offer. What does this fact mean from the customer’s perspective? As is well known, each promotion has certain regulations, which specify, among others, the conditions of using the promotion. Obviously, this also applies to free loans offered by loan institutions.

When we use an option such as the first free loan, we always take part in the promotion. This means that if you violate the terms of this promotion, the promotional terms may cease to apply. There are quite a few entries on the Internet of people who took advantage of the option to take out their first loan at the APRC of 0%, then they did not repay the liability on time and are very surprised that the loan institution demanded repayment of the loan not on promotional terms but according to standard cost table.

Let us explain, therefore, that the regulations of such solutions as the first loan for free always contain information that the condition for taking advantage of the promotion is timely repayment of the loan. Otherwise, the promotional terms automatically cease to apply.

Is the first free loan really free?


This is another important issue that interests many customers. The answer to the above question is yes. A loan with an APRC of 0% means that the customer repays only the amount equal to the amount of the loan (unless, of course, he does not violate the terms and conditions of the promotion, for example by not repaying on time). At the same time, it is worth noting that the above rule applies only to entities that have the status of loan institutions.

In this case, can the customer also assume that the loan will not contain any additional hidden costs? Unfortunately, parabanks do not operate in the same way as loan institutions and do not actually have to comply with the provisions of the Consumer Credit Act. This means that borrowing in a parabank always carries a lot of risks, whether it’s a free loan or any other loan service.