In Polish: Refinansowanie kredytu
This is the word you will see in bank documents.
Definition
Refinancing (refinansowanie) means taking out a new mortgage, usually at another bank, to repay the current one. The new bank transfers the money directly to the old one and creates its own mortgage on the same property. The aim is a lower interest rate, a lower margin or better agreement terms.
What it means for you
Refinancing lowers the instalment and interest if the new rate is at least 0.5–1 percentage point lower and the switching costs pay back within 1–3 years. The new bank assesses your creditworthiness from scratch, so if your income has fallen it may refuse. Before applying, ask your current bank to lower the margin by an annex.
Full entry in Polish, with a worked example and sources
Frequently asked questions
When is refinancing a mortgage worth it?
When the new rate is at least 0.5–1 percentage point lower, a lot of capital and years remain, and the switching costs pay back within 1–3 years.
How much does refinancing cost?
Without a commission and compensation, usually about PLN 1,000–1,500: valuation, entering the new mortgage PLN 200, deleting the old one PLN 100, PCC PLN 19 and a certificate. A commission and compensation can add several thousand złoty each.
How long does refinancing take?
Usually 1–2 months from application to repaying the old loan. Entering the new mortgage may take longer, but it does not hold up the repayment.
Related terms
Definitions are simplified and reflect Polish law and bank practice as of October 2026. Where every word matters, the Act and your loan agreement decide. Figures in examples are indicative and are not a bank offer. The Polish version of each entry has worked examples and sources.
Other terms in “Repayment, overpayment and changes”