Why go to Austria for Austrian credit?
Jokes aside, we could say that because you only get Austrian credit in Austria (shoes from the shoe store, though …). But it is definitely worth borrowing from Austria if you want a cheap, low-interest.
Freely available loan
The well-being of the bubble may also result in the euro having only a few percent interest rates. In other words, if you want to take out a loan, the Hungarian banks will adjust their interest rates to the Hungarian one and the Austrian ones to the Euro. Although the base rate of the Hungarian Forint is not nearly as high as it was in the mid-2000s, the 3% interest rate, as anyone can see, does not mean that a retail loan will have an interest rate of 4%. Unfortunately, at us, loans are still considered usurp. In vain, they cut interest rates without stopping, led by György Matolcsy for years. And of course: deposit rates immediately followed the fall in central bank interest rates, but lending rates were always blown back by the wind.
There was no competition between banks to reduce interest rates
So, of course, it is hardly surprising that many people are aware of Austrian loans. Low interest, freely usable, can be prepaid without penalty (!!), and even with minimal penalty (1%). There is no better construction on the Hungarian market. Austrian credit is definitely worth the price – in every sense. To take out a loan, you need one property (or more) that you can encumber. The bank disburses 50-75% of the estimated market value of the property.
By the way, the National Bank has already drawn attention to this fact. What does all this mean? Be it personal loans, home loans, or any other mortgage , always read the contract carefully, even in small letters, and don’t just settle for comparing APRs –