Creditworthiness

Definition. Creditworthiness is the estimated maximum loan a bank will grant you at a given term and conditions. The bank builds it from your income, current debts (DTI), BIK history (score), employment stability and age. The number is not one — it varies by tens of percent between banks.

The main parameters fed into the formula. Net income — documented for the last 3–6 months. The bank accepts employment contracts, service and dzieło contracts with 12+ months of regularity, self-employment income over 12–24 months, rental income from a land registry, pensions and disability. Foreign income (documented) is increasingly accepted. Living surplus — after subtracting existing debts and the target instalment, what is left for living. The bank compares this to the GUS social minimum. Age at loan maturity — mortgage to 70–75 years (max 80). BIK history — score, delays, active loans.

Why two banks give different numbers. Each uses its own formula, weighting each parameter differently. Bank A may set a higher fixed living cost per person (say, 1 200 PLN/month), bank B a lower one (800 PLN/month) — this drives the surplus and therefore the score. One bank accepts 100% of a service-contract income, another 80%. One treats grace as a DTI cut, another as neutral. The upshot: for the same profile bank A may offer 350 000 PLN, bank B 480 000 PLN.

How to lift creditworthiness. Raise documented income (second job, extra service contract). Extend the term (lower instalment, lower DTI — but a costlier loan). Co-borrower (spouse, parent, adult child): incomes add up, so do debts. Trim current debt: pay off payday loans, close cards. Higher down payment on a mortgage: bank accepts a lower score. Change of bank: the formula gap is often bigger than you would guess.

Frequently asked questions

How do I check my own creditworthiness without applying?+

A creditworthiness calculator on a bank site or a comparison site. A simulation, not binding on you or the bank. Leaves no BIK trace.

Does a co-borrower always lift the score?+

Not always. If the co-borrower has weak BIK or heavy debts, the bank may take the negatives and discount the positives. Worth checking both BIKs before deciding.

How many banks to compare for a mortgage?+

3–4 minimum. The gap between the lowest and highest offer for the same client is usually 20–40%.