22:15 26 June 2025
Cash loans gaining ground
Installment loans are losing momentum, while cash and mortgage loans are on the rise. In May, the number of installment loans dropped nearly 16% year-on-year, and their total value declined by 4.5%. This reflects waning interest in low-value "buy now, pay later" (BNPL) products, typically under PLN 500.
According to BIK Group’s Waldemar Rogowski, the trend is driven by a slowdown in BNPL transfers from non-bank to bank lenders. Still, higher-value installment loans—for expensive goods—kept value declines in check.
Cash loans surged, with a 24% increase in value and nearly 18% more loans granted in May. The average loan size rose 13.6% y/y to PLN 26,040. BIK expects 2025 cash loan sales to hit PLN 100 billion.
Mortgage loans also climbed, reaching PLN 8.25 billion in May—excluding Safe Credit 2% effects, the highest since 2021. The average mortgage loan hit a record PLN 439,290.
