How much will the worker’s loan repayment be?

By: Trademagazin Date: 2025. 01. 14. 10:02

Already in the first days, there was significant interest in the bank’s worker’s loan. A worker’s loan with state support, previously unseen on the Hungarian market, is also available at K&H – announced the financial institution, which has been taking an active role in placements since the start.

The range has been expanded with a completely new, state-supported loan structure from January, which offers preferential borrowing opportunities for young people aged 18-25 with a regular income.

“K&H Bank received dozens of applications in just two days after the launch of the program, which shows that there is great interest from young people. The new structure offers a wide range of options, whether it is financing training or other important, long-term goals,”

said Gergő Molnár, head of retail marketing at K&H Bank. He added: “We are ready to receive interest, and the first disbursements are planned to take place within a few weeks.”

Why is it so favorable?

The worker’s loan is a free-use loan and the maximum loan amount is 4 million forints. K&H offers free pre-screening to applicants, who can also book an appointment by phone.

In the case of a ten-year term, the monthly installment of a worker’s loan of 1 million forints is 8,750 forints, and for an amount of 2 million forints it is 17,600 forints. Also, for a ten-year term, in the case of a loan amount of 3 and 4 million forints, the monthly installment will be 26,250 forints and 35,000 forints, respectively. In the examples listed, the total loan fee index will be between 1-2.4 percent, while the interest rate is 0 percent.

The financial institution also allows for a larger loan amount in combination with the worker’s loan, so a maximum of 10 million forints can be requested, which can be freely used for specific purposes with a fixed, preferential interest rate, which provides security for the entire term. The latter can be up to 10 years, which offers flexible repayment options, and the burden of the loan is lower thanks to government support.