New offers for Polish franc-borrowers

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The three new solutions for franc-borrowers presented by Polish lenders on Wednesday include establishing two funds and a possibility of changing mortgage collateral, Polish Radio reported.

The first fund would be dedicated to people whose financial standing is poor due to serious illness, losing their job or natural disaster, and as a consequence they face difficulties repaying their loans (denominated in foreign currency or in PLN). The fund would be created from lenders’ resources.

The other fund, a so called sectoral stabilization fund, would be designed for those franc-borrowers who regularly repay their loans, in case of an explosion of the CHF exchange rate.

Franc-borrowers would also have a chance to change the type of their mortgage collateral upon their request.


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