Private banking loans are special bank loans for wealthy clients who want to buy expensive property. Is it easy to get such a luxury loan yourself in Poland? It turns out not necessarily.
Private banking (also known as private banking) is a special premium banking for wealthy clients. It covers a number of banking services, for example investment consulting, asset management and assistance in obtaining a loan worth over $ 1 million.
Private banking on the housing loan market
Nowadays, financial products such as private banking loans offer almost all popular banks present in Poland, and you do not need to have millions of dollars on your account to become a member of the elite group of the richest clients. Regular and relatively high inflows to the account are enough for the bank to offer us a luxury personal account or personal advisor. And how is the offer of loans for the rich, i.e. private banking loan ? It turns out that it’s not that easy.
If you want to get a loan in Poland for the purchase of an expensive property , for example a house or apartment at a price of at least $ 1 million, this may not be easy. Why? – Because most banks in Poland still do not know how private banking loans should be processed, a credit advisor in the Private Banking sector. – Most often they make the mistake of appraising flats or houses using the comparative method instead of focusing on the real value of a particular property.
How do you get a private banking loan for an expensive property?
It is not easy to get a multi-million loan in Poland, even if you are a wealthy person. For a bank to grant a loan of, for example, three million dollars, the applicant must meet a number of conditions and submit a large number of necessary documents.
First of all, banks require a high own contribution for private banking loans . How tall It depends on the bank, but it’s better to have several hundred thousand dollars on hand. Other obstacles may be the complexities related to whether the customer has the citizenship of another country or is an entrepreneur who owns several properties in Poland and abroad, etc.
Premium credit advisors for wealthy individuals
It is hard to get it all by yourself, which is why customers looking for a good premium loan offer often use the services of credit advisors specialized in the private banking sector.
Extensive banking experience helps him arrange customer talks with banks, often at the level of risk departments or even the management of banks. Therefore, when everything seems to be lost or we just want to take professional care before applying for a private banking loan , it is worth seeking the help of a professional credit advisor.