Favorable interest loans are now available for service providers in the tourism sector

By: Trademagazin Date: 2025. 10. 15. 11:01

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Two favorable interest rate loan products will be available to tourism service providers from Wednesday, and the Kisfaludy Tourism Credit Center (KTH) is preparing to process hundreds of loan applications in the first week.

According to a statement from KTH, companies in the sector can obtain favorable interest rate loans in 5 simple steps, with a maximum processing time of 15 days, and the first disbursements may be made at the end of the month. Prequalifications are already underway. The first schemes will be the KTH Start Working Capital Loan and the KTH Start Investment Loan.

Gusztáv Láving, CEO of the credit center, highlighted in the statement: those required to provide data to the National Tourism Data Service Center (NTAK) were given the opportunity to prequalify themselves in September, so they can immediately submit their applications in mid-October in a more prepared and predictable manner.

The working capital loan is used to finance operating costs – such as wages, supplier invoices – and can be applied for with a maximum term of 3 years, with a minimum loan amount of 1 million and a maximum of 10 million forints.

Gusztáv Láving highlighted that sole proprietors working in the sector and tax-registered individuals are also eligible for credit. Previously, they could only obtain expensive personal loans to create liquidity for their businesses, but now – with state interest subsidies – they can apply for a loan at a fixed interest rate of 3 percent.

The other available product, the investment loan, can be used to develop services (such as purchasing a jacuzzi or sauna), expand capacity and increase efficiency, including strengthening energy efficiency and sustainability. This has a maximum term of 5 years, with a minimum loan amount of 1 million and a maximum of 10 million forints, also with a fixed annual interest rate of 3 percent – they were informed.

According to the announcement, these loans can be applied for without collateral due to the state guarantee – thus, they are also available to service providers that operate in rented property. The repayment is adjusted to the tourist season (it can be made in 2 or 4 installments per year, or even concentrated on the summer months), and a grace period of up to one year can be requested for the repayment of the capital (in this case, only interest is paid in the first year), and prepayment is possible at any time, free of charge.