Credit vacations offer a much-needed financial pause for households facing the sharpest pressures. Later this year, borrowers will be able to pause the repayment of four loan tranches, and next year four more terms will join the break. Banks can begin processing applications immediately, a point emphasized by Prime Minister Mateusz Morawiecki in a recent interview with Super Express.
The Monday edition of the tabloid notes that the existing loan holidays already allow for suspending repayments for up to eight months across this year and next. This measure is designed to relieve households that find debt service difficult amid rising costs.
The mortgage, intended to help families buy their home, has instead become a burden for some Polish households as inflation bites. Observers point to external shocks, including actions abroad that have driven up payments and increased financial insecurity for renters and homeowners alike.
– This was the message conveyed by Prime Minister Morawiecki in the interview with the newspaper.
government response
The government has not left people in hardship without options. A quick and deliberate intervention created a national loan vacation, offering a temporary financial relief for those who need it most. Later this year, the plan allows suspending the repayment of four loan tranches, with four additional terms next year. Banks have already begun accepting applications.
– The head of government underscored the readiness to support households during tough times.
gah / PAP