Pożyczka Konsolidacyjna

Bank Pekao Consolidation Loan – Offer Review

The Bank Pekao Consolidation Loan is a cash loan product designed to pay off loans and credits taken out at other banks or financial institutions, with any remaining funds usable for any purpose. One important restriction: this loan cannot be used to pay off your own installment loan at Bank Pekao itself - this narrows the target audience to people whose debts sit mainly with other lenders, or who have no loan at Pekao yet at all. The offer is aimed both at new Pekao customers and at existing customers who hold only an installment loan with the bank.

Interest Rate and APR

The nominal interest rate is 7.80% per year and variable - it can change during the repayment period as reference rates move, which is worth keeping in mind for a multi-year commitment. Installments are equal, so (as long as the reference rate doesn't change) you pay the same amount throughout the term.

The annual percentage rate of charge (APR) in the bank's representative example (described below, for a specific amount and term) is 8.09%. APR depends not only on the interest rate but also on the amount and repayment length. The practical takeaway: don't treat this figure as guaranteed for your own application - you'll only know your real APR once you have a contract drawn up for your specific amount and term.

The offer conditions require you, before signing the loan agreement, to open a current account, declare regular monthly inflows to it of at least PLN 2,000, give the full set of marketing consents and activate the PeoPay app. If the declared inflows do not arrive, the bank raises the margin, and with it the loan's interest rate, by 2 percentage points; once the inflows resume, the margin returns to its previous level.

Total Cost – Representative Example

The bank provides the following representative example (calculated as of 30 September 2026): total loan amount (excluding financed costs) PLN 70,111, repayment period 73 months, variable interest rate of 7.80% per year, APR of 8.09%. The total cost of the loan is PLN 18,164.33 (entirely interest - the maintenance fee for the accompanying personal account, Konto Przekorzystne, is PLN 0 in this example), and the total amount payable is PLN 88,275.33. Repayment is spread over 72 monthly installments of PLN 1,209.30 plus one final, 73rd balancing installment of PLN 1,205.73.

This is only a representative example under specific assumptions set by the bank - it is not a guarantee that every customer will receive identical terms. Your actual installment, APR and total cost will depend on the amount you apply for, the repayment term and your creditworthiness assessment.

The loan origination fee is 0% (PLN 0) - this is a genuine absence of commission, confirmed directly in the offer data, not a lack of information. The offer data does not specify any requirement to buy insurance or to obtain a spouse's consent - that doesn't necessarily mean these requirements don't exist, it simply means this offer doesn't spell them out, so it's worth confirming the details at the application stage.

A note on timing: the terms above apply to an offer that, according to the bank's data, is valid only until 8 November 2026. If you're reading this review after that date, be sure to check with an advisor or the helpline whether the rate and terms have changed.

Requirements and Application Process

The loan is available to people who are new Pekao customers or who hold only an installment loan with the bank. The loan amount ranges from PLN 1,000 to PLN 250,000, and the maximum repayment period depends on the amount applied for:

• PLN 1,000 – 2,999: repayment period of 1 to 3 years
• PLN 3,000 – 14,999: repayment period of 1 to 8 years
• PLN 15,000 – 250,000: repayment period of 1 to 10 years (up to 120 months)

The minimum repayment period for any amount is 12 months.

The application process starts with a contact form on the bank's website. From there, the customer is either scheduled for a branch visit or signs a personal current account agreement (Konto Przekorzystne) plus Pekao24 online banking access remotely, and applies for the loan itself during a phone call with a bank representative. How it's finalized depends on the amount:

• up to PLN 30,000 - document acceptance and contract signing happen remotely, in the Pekao24/PeoPay app
• above PLN 30,000 - the contract must be signed in person at a branch

Worth keeping in mind: for higher amounts, a fully remote process isn't possible, and holding a Pekao personal account is, in practice, part of the process rather than optional.

Pros and Cons

Pros

• Zero commission for granting the loan
• Nominal interest rate of 7.80% in the representative example
• Wide amount range - from PLN 1,000 to PLN 250,000
• Long maximum repayment period for higher amounts - up to 10 years
• For amounts up to PLN 30,000, the whole process can be handled remotely via Pekao24/PeoPay
• Funds can be used not only to pay off debts at other banks but for any purpose

Cons

• Missing the declared monthly inflows of at least PLN 2,000 raises the interest rate by 2 percentage points
• The current terms are time-limited - according to the bank, valid only until 8 November 2026
• For amounts above PLN 30,000, a branch visit is required - it can't be handled fully remotely
• Requires opening a personal account (Konto Przekorzystne) and Pekao24 access, so it isn't a purely standalone credit product
• Cannot be used to pay off your own installment loan at Bank Pekao
• The interest rate is variable, so the installment amount can change during repayment

Verdict

The Pekao Consolidation Loan is a sensible option for people with debts at other banks who want to merge them into a single installment, especially since the bank charges no origination commission and the nominal rate in the representative example is 7.80%. What matters most, though, is asking for an individual APR and installment simulation for your specific amount and term before signing - the 8.09% APR applies to the representative example, so you need to check the real cost against your own example, also keeping in mind the condition of monthly inflows of at least PLN 2,000. It's also worth remembering that for amounts above PLN 30,000 the process ends at a branch, and the loan itself comes bundled with opening a personal account at Pekao. If those terms work for you, be sure to confirm with an advisor that the offer described above - valid, according to the bank's data, only until 8 November 2026 - is still in effect.