In short
- Variable is cheaper at the start right now.
- Fixed gives a stable payment for 5 years and often higher capacity.
- After the 5-year fixed period the bank offers new terms.
- With a variable rate, early repayment fees apply only in the first 36 months (max 3%).
In numbers
PLN 400,000 over 25 years: at 5.08% about PLN 2,357, at 5.94% about PLN 2,563. A fixed rate is effectively insurance costing about PLN 200 a month.
For a fixed rate
- Predictable payment for 5 years
- Often higher borrowing capacity (smaller buffer)
- Peace of mind if rates rise
For a variable rate
- Lower payment at the start
- Benefit if rates fall
- Free overpayment after 3 years
Our take
If your budget is tight or capacity borderline, consider fixed. If you have headroom and want to overpay, variable may be cheaper. We'll calculate both for you.