WIBOR falls. Creditors number on the lower instalments by 700 PLN

After many months of uncertainty and stagnation in the credit market, borrowers in Poland can yet breathe relief. WIBOR rates, which have a direct impact on the interest rate on variable-rate loans, begin to drop rapidly. Only since the beginning of April 2025, the WIBOR 3M index decreased from 5.85% to below 5.5%. specified movement in the marketplace means a crucial relief for thousands of Poles paying off mortgage loans. Forecasts indicate that in the coming months the rates may decrease further, which will translate into a real simplification of monthly instalments – up to PLN 700.

What has changed in NBP Politics?

In the beginning of April 2025, after the press conference of the president of the National Bank of Poland Adam Glapiński, the marketplace began to see signs of a possible "golf return" in monetary policy. president Glapiński, who has held a position on interest rates in the last months, amazed the marketplace by the fact that there is area for interest rates reductions. As a consequence of this change, the Monetary Policy Council has become increasingly inclined towards decisions on ft cuts. Although inactive in early April, many analysts felt there was no area for change in the close future, the marketplace began to adapt rapidly to the fresh situation from the first week of that month.

How does WIBOR fall?

The fall of WIBOR is already visible, with immediate effect on mortgages. WIBOR 3M, which was inactive 5.85% in March, is now below 5.5%. specified a drastic change means that borrowers who hold variable-rate loans are starting to benefit from reductions this month.

• WIBOR 6M from 5.75% fell to 5.17%, which means a fall in debt interest rates. In the case of a debt amounting to PLN 500 thousand, repaid over 30 years, a simplification in the WIBOR rate of 0.58 percent points translates into a simplification of the instalment by PLN 234 A month.
• If this trend continues, experts forecast a further fall in WIBOR, and according to forecasts in 9 months, WIBOR 3M can only be 3.64%, which means a fall by 2,21 percent points compared to the beginning of April. This script may lead to a simplification in monthly debt instalments by PLN 738.

Potential Benefits for Creditors

Thanks to the fall of WIBOR, borrowers can number on real savings. According to Jarosław Sadowski, manager of the Analysis Department at Rankomat.pl, for an average debt of PLN 500 1000 for 30 years, with a variable interest rate based on WIBOR 6M, the debt payment may fall by PLN 234 as early as May 2025. And if WIBOR 3M shortly drops to forecast levels, debt instalments can reduce by PLN 738 A month.

Creditors with Fixed Rate Credits – have they lost on the Reductions?

Unfortunately, not all borrowers can benefit from the upcoming reductions. Those who have drawn mortgage loans at a fixed interest rate will not see the immediate benefit of WIBOR reductions. For these people, the interest rate will change only after the end of the fixed rate period, which may take respective years. In the meantime, in order to benefit from more favourable marketplace conditions, borrowers may consider refinancing the loan.

Refinancing — Lower Ratki

Refinancing credit can be a solution for those who want to benefit from current interest reductions. In the case of refinancing of a mortgage debt of PLN 500 thousand, the instalment may fall even by 500 PLN per monthif the interest rate on the debt decreases from 7.87 % au 5.86%. In the future, with further interest rates falling, the payment can only be paid PLN 2,953which is even more cost-effective.

According to experts, the fall in WIBOR over the coming months can bring tangible benefits to borrowers. Mortgage payments may even be reduced PLN 700 per month, which will be an crucial relief for many households. For those who have not yet decided on a loan, this may be an incentive to borrow a variable rate loan. However, those who have already taken loans at a fixed interest rate must wait until their debt period allows them to benefit from lower rates.