K&H: Online credit is spreading

By: Trademagazin editor Date: 2022. 05. 18. 11:20

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Digital solutions are also becoming more and more popular in lending, the K&H Group already requires more than 50 percent of disbursed personal loans online, and the average amount of loans increased to 1.8 million HUF in the first quarter of 2022, which is about 15 percent higher than in the first two quarters of 2020, the bank told MTI on Wednesday.

K&H Group: more than half of personal loans are required online

Loan purposes are most often the purchase of a home, renovation, car purchase or loan redemption.
According to K&H, digitalisation is moving towards more complex loan products, for example, certain processes in mortgage lending are already available online. (MTI)