Credit holidays 2024. The government is to discuss the bill on Tuesday

Luc Williams

This is about the draft law on amending the act on support for borrowerswho took out a housing loan and are in a difficult financial situation and Crowdfunding Act for business ventures and assistance to borrowers.

New conditions for taking advantage of relief for borrowers

As previously reported by the Ministry of Finance, which prepared the project, the borrowers whose installment exceeds 35 percent incomethey will be able to take advantage of their holidays twice in the second quarter of this yeara in the next two quarters it will be possible to suspend one installment each.

The project also includes provisions under which: the installment-to-income ratio will decrease (from 50 to 40 percent), entitling to benefiting from support from the Borrower Support Fund. This indicator means the ratio of the borrower’s expenses related to servicing the monthly principal and interest installments of the housing loan down the borrower’s monthly household income.

At the same time, the project proposes that: cancellation of 64 installments of support or loan repayment to repay the debt took place after repaying 134 installments without delay. Current regulations allow for the cancellation of 44 installments after repayment of 100 installments. Change will make it redemption amount may amount to PLN 33,000. PLN instead of the current PLN 22,000. zloty.

How much will you be able to receive from the Borrower Support Fund?

At the same time, the period during which support can be provided is to be extended from the current 36 to 40 months, and the maximum support value from the previous level of 2 thousand PLN up to PLN 2.5 thousand zloty. The repayment period of the support or loan will also be extended from the current 144 installments to 200 installments.

In case of credit holidayswhich could be used in 2022-2023, were not available income restrictions, conditioning the use of this solution. In 2022, holidays could be taken within two months of the third and fourth quarters, while in 2023, holidays could be taken within one month in each of the four quarters.

How much does it cost?

In the regulatory impact assessment for the draft amendment to the Act, it was stated that according to estimates prepared on the basis of data from the Polish Financial Supervision Authority maximum annual cost, assuming that 100 percent will use the instrument. entitled persons, is approximately PLN 3.6 billion. At the same time, assuming that the same percentage of eligible persons will benefit from the credit holidays as from the previous credit holidays, the estimated cost for the banking sector will be PLN 2.5 billion.

Ministry of Industry

On Tuesday, the government is also to discuss the draft regulation of the Council of Ministers on this matter creation of the Ministry of Industry. According to the project The Ministry of Industry is scheduled to start operations on March 1, 2024.and his the headquarters will be Katowice. It will be within the competences of the ministry – apart from mining – nuclear, hydrogen, gas and oil policy. The department of state administration that he is to manage will be called: energy resources department.

author: Łukasz Pawłowski


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