Mój pierwszy kredyt

Erste Bank Polska's "My First Loan" („Mój pierwszy kredyt”) is a general-purpose cash loan with a modest maximum amount for this category and a short, flexible repayment period. The loan amount ranges from PLN 1,000 to PLN 30,000, and the repayment period can be set from 3 months up to 10 years (120 months). The product's name itself hints at its target audience: it's designed for customers taking out their first cash loan, who need relatively modest financial support – for example for a small renovation, home appliances, or an unexpected expense – and who prefer a predictable, fixed installment over a large, long-term commitment. This isn't a product for those seeking large sums: the PLN 30,000 ceiling places it firmly in the segment of loans for smaller, specific needs rather than large consolidation or renovation loans running into hundreds of thousands of zloty.

Interest Rate and APRC

The loan's nominal interest rate is fixed for the entire loan term at 7.69% per year. This is a meaningful advantage – the borrower knows their installment amount from day one and doesn't need to worry about it rising during repayment due to changes in NBP interest rates, unlike offers with a variable rate based on WIBOR.

In our product data, the Annual Percentage Rate of Charge (APRC) – the indicator that already includes all costs of the loan, not just interest – is listed at 15.03%. This is the figure worth treating as the main reference point when comparing this offer with other cash loans, since unlike the nominal rate it reflects the full cost of the obligation. It's worth knowing, however, that a cash loan's APRC depends on the specific amount and term requested, so it can vary between scenarios – in the bank's statutory representative example (described below), covering a loan of PLN 21,800 over 45 months, the APRC is 7.97%. The gap between these two figures shows that the real cost of the loan can differ noticeably depending on the amount and term chosen – so it's always worth confirming the exact APRC for your specific amount and term directly with an Erste Bank Polska advisor before signing the agreement.

Total Cost

The bank provides a statutory representative example (calculated as of 9 July 2026) that shows what repaying a specific loan actually looks like in practice. For an amount of PLN 21,800, taken over a period of 45 months, the borrower repays 44 equal installments of PLN 559.73 plus a final, balancing installment of PLN 536.68. The total cost of the loan in this example is PLN 3,364.80, consisting entirely of interest – the commission is PLN 0. The total amount repayable (principal plus interest) is PLN 25,164.80.

One clear advantage of this offer is the absence of any loan-arrangement commission – both the percentage and fixed commission fields in the product data are zero. In many cash loans, it's precisely the commission – usually added to the loan amount and repaid together with the interest – that significantly increases the real cost of financing; this offer simply doesn't have that element. The installments are equal (annuity-style) throughout the repayment period, meaning the amount stays unchanged from the first to the second-to-last payment – the final installment is only slightly lower, to balance the settlement.

Keep in mind that the figures above come from a representative example with a specifically assumed amount and term – this is a statutory disclosure requirement, not a guarantee of identical terms for every customer. The actual installment amount, total cost, and APRC for your application will depend on the amount you request, the repayment period you choose, and the bank's individual assessment of your creditworthiness.

Requirements and Security

According to the product data, applicants must be at least 18 years old – this is the only age requirement listed in our database; the data doesn't specify an upper age limit. The available loan amount ranges from PLN 1,000 to PLN 30,000, and the repayment period can be spread from 3 months up to a maximum of 10 years (120 months), giving considerable flexibility in matching the installment size to your own budget – the same amount spread over a shorter period means a higher installment but a lower total interest cost, and vice versa.

Our data doesn't specify from what amount (if at all) the bank requires additional loan insurance, or whether spousal consent is needed to sign the agreement – neither condition is confirmed nor ruled out in our database. These details are best verified directly with an Erste Bank Polska advisor at the application stage, since they may depend on the amount requested and the applicant's individual financial and family situation.

Summary

Erste Bank Polska's "My First Loan" is an offer tailored to small and medium financial needs – from PLN 1,000 to PLN 30,000, over a term of 3 months to 10 years. Its strengths are the fixed nominal interest rate (7.69%), which guarantees an unchanging installment throughout the loan term, and the absence of any loan-arrangement commission, which genuinely lowers the cost of the obligation compared with offers that charge commission upfront. A key factor to note before signing is the APRC – in our data the product is listed with an APRC of 15.03%, though the bank's representative example for a specific amount of PLN 21,800 over 45 months shows a lower figure of 7.97%. Before applying, be sure to ask an advisor for an individual APRC and installment calculation for the exact amount and term you're interested in – that's the only way to be certain of the real cost of this specific loan.