Pożyczka Konsolidacyjna

Bank Pekao Consolidation Loan – Review

The Bank Pekao Consolidation Loan is a cash loan intended primarily for repaying liabilities taken out at other banks or financial institutions, although the bank also allows the funds to be used for any purpose. The only clear restriction: the loan cannot be used to repay an installment loan taken out at Bank Pekao S.A. itself. The product is therefore a natural choice for people who are repaying several installments at different banks and want to combine them into one, predictable liability, as well as for new bank customers looking for financing for any purpose.

In practice, consolidation involves taking out one new loan at Bank Pekao, the funds from which go toward repaying several earlier liabilities at other institutions. Instead of several payment deadlines and several different installments per month, the customer is left with a single installment and a single repayment schedule at the chosen bank. This solution makes the most sense when the sum of current installments is higher than the installment of the new, combined loan, or when the priority is simplifying the household budget and avoiding having to keep track of several different payment deadlines.

Interest rate and APRC

The nominal interest rate on the loan is variable and amounts to 7.80% per annum. In the product's offer data, the Annual Percentage Rate of Charge (APRC/RRSO) is indicated at 13.65% – this is a figure that takes into account all costs of the loan, not just the interest rate itself, and it is this figure that should be the main reference point when comparing this offer with other consolidation loans.

However, it's worth noting a certain discrepancy: in the representative example published by the bank (described below), the APRC for a specific amount and period was calculated at 8.08%, clearly lower than the value given as the product's general APRC. The difference may result from different parameters adopted for the calculations (amount, period) at different times when the offer was updated. For safety, in this review we treat the higher value, 13.65%, as the applicable one – but we recommend asking a bank advisor for an individual APRC simulation for your own amount and repayment period before signing the agreement, rather than basing your decision solely on one of these two figures.

The loan installments are equal throughout the entire lending period, not decreasing. This means that the amount of the monthly installment remains the same from almost the first to the last payment, which makes household budget planning easier – unlike decreasing installments, where the first installments are the highest and subsequent ones gradually decrease.

Total cost

Bank Pekao publishes a representative example applicable to the offer with a variable interest rate, valid until 27 September 2026, aimed at new customers and customers who hold only an installment loan at Bank Pekao S.A. (calculation as of 22 July 2026):

• Total loan amount (excluding financed costs): PLN 70,111
• Repayment period: 73 months
• Variable interest rate: 7.80% per annum
• Total cost of the loan (interest): PLN 18,167.78
• Fee for maintaining the Konto Przekorzystne account during this period: PLN 0
• Total amount payable: PLN 88,278.78
• Installment amount: 72 installments of PLN 1,209.30 and a 73rd, balancing installment of PLN 1,209.18
• APRC calculated for this specific example: 8.08%

This calculation is a representative example under specific assumptions – it is not a guarantee that every customer will receive exactly the same terms. The actual installment, APRC and total cost depend on the individual amount, repayment period and creditworthiness assessment of the specific applicant, so the figures above should be treated as a starting point for a conversation with the bank, not as a final offer. The commission for granting the loan is 0% (PLN 0) – this is a confirmed, real absence of commission in the product data, not a lack of information about it.

Requirements and collateral

The loan amount ranges from PLN 1,000 to PLN 250,000, and the maximum repayment period is from 12 to 120 months (from one to 10 years). However, the available repayment period depends on the amount applied for:

• from PLN 1,000 to PLN 2,999 – repayment period of 1 to 3 years
• from PLN 3,000 to PLN 14,999 – repayment period of 1 to 8 years
• from PLN 15,000 to PLN 250,000 – repayment period of 1 to 10 years

In other words, the higher the loan amount, the longer the maximum repayment period available – small loans up to PLN 3,000 can be spread over a maximum of 3 years, while only amounts from PLN 15,000 upward open up the full, 10-year repayment horizon.

Adults (aged 18 and over) may apply for the loan. The product data contains no information about a possible insurance requirement or the need to obtain a spouse's consent for this loan – the absence of data on this does not mean either confirmation or exclusion of such a requirement, so it's worth clarifying this directly with an advisor before submitting an application.

An important provision concerns the variable margin: if the customer does not ensure inflows of at least PLN 2,000 per month (from salary, pension, disability benefits or other income), the bank will increase the margin, and thus the loan's interest rate, by 2 percentage points. The increase takes effect on the first day of the second calendar month after the month in which the required inflows were not ensured. If the customer starts meeting this condition again, the margin returns to its level before the increase. This is a real cost risk worth remembering when planning repayment of the liability on this account – the condition applies to the entire lending period, not just the moment the agreement is signed.

The application process looks as follows: the customer submits a contact form via the bank's website, and is then scheduled to sign the agreement at a branch or signs the agreement remotely for a personal current account together with Pekao24, after which they apply for the loan during a phone call with a bank employee. For amounts up to PLN 30,000, documents can be accepted in the Pekao24 or PeoPay app, while for amounts above PLN 30,000, signing the agreement requires a branch visit.

Pros and cons

Pros

• No commission for granting the loan (0%, PLN 0)
• Equal installments throughout the entire repayment period – predictable household budget
• Wide range of amounts – from PLN 1,000 to PLN 250,000
• Long maximum repayment period – up to 10 years (120 months)
• Online document acceptance (Pekao24/PeoPay) for amounts up to PLN 30,000, without a branch visit

Cons

• Discrepancy between the product's APRC (13.65%) and the APRC from the bank's representative example (8.08%)
• Risk of a 2 percentage point interest rate increase if the required minimum inflows of PLN 2,000 per month are not maintained
• Amounts above PLN 30,000 require a personal branch visit
• Requirement to open a personal account and activate Pekao24 at the bank
• No clear information about possible insurance and the spouse's consent requirement

Summary

The Bank Pekao Consolidation Loan is an offer with a competitive nominal interest rate of 7.80%, zero commission, and a wide range of available amounts and repayment periods, reaching as much as PLN 250,000 over 10 years. The biggest drawback from a transparency standpoint is the discrepancy between the APRC given as a product parameter (13.65%) and the APRC from the bank's specific representative example (8.08%) – we recommend treating the higher value as a safe assumption and asking for an individual quote before signing the agreement. It's also worth remembering the condition of maintaining minimum inflows to the account of PLN 2,000 per month, failure to meet which raises the interest rate by 2 percentage points for the entire remaining repayment period, until the inflows return. For people who accept the need to open a personal account at Pekao and want to consolidate liabilities from other banks at a low commission cost, this is an offer worth considering – provided that the actual APRC for your own amount and repayment period is clarified with the bank beforehand.