This is how much the repayment of an average home loan has decreased!
Recent analysis shows
- the average loan amount at Budapest Bank increased from HUF 9.9 million to HUF 10.4 million between January 2016 and July 2018,
- the average monthly repayment installment during this time fell from HUF 75,600 to HUF 71,144.
Let’s look at the area breakdown
- In the districts of South Budapest and their catchment areas, the financial institution experienced a more than average expansion, where the above-average loan amount and maturity increased from the average, to 193 months instead of 194 months.
Those who are thinking about buying a home can’t wait any longer!
“Housing market analysts say price increases are slowing”
- Today Gránit Bank offers: HUF 7 million, with a APR of 2.04% over a 15-year term, and a monthly repayment of HUF 44,981
- BB promises a $ 47,606 installment at 2.13% APR;
- At OTP Bank, the APR of 2.23% also represents a down payment of HUF 44,949.
- K&H and ERSTE Bank follow the structure of other Hungarian credit institutions to get the average. The average interest rate decreased by 0.6 percentage points at the financial institution, and the central bank base rate decreased from January 2016 to February 2018. for the period July to July, it was 0.45 percentage points.
A significant number of customers have recognized and are trying to take advantage of this opportunity.
According to the bank, in 2016, 70% of clients applied for loans with a 6-month interest rate, while in July this year, 90% of the clients fix their interest for a 5 or 10 year period, they lead!
According to a new analysis, at the beginning of July, the cheapest fixed-term mortgages for at least 10 years – at HUF 10 million and for 20 years – were available at a total APR of less than 5%, meaning a repayment of less than HUF 70,000. There are also significant differences between these types of constructions, both in terms of banks and packages, so before borrowing, it’s a good idea to look closely at the multitude of home loans, “we learned from the financial expert.
We would also like to help with the administration, we can offer different current home loan offers without having to visit several banks. We offer free, convenient, fast, reliable administration, and our credit intermediaries are guaranteed to offer such facilities as banks.