Takarékbank: personal loan lending may increase to fivefold by the end of the year
After the pandemic subsides, the demand for personal loans may increase, the volume of 5 billion HUF placed with Takarékbank by the middle of April may jump fivefold by the end of the year thanks to the home renovation program, the financial institution belonging to Magyar Bankholding told MTI on Wednesday.
It was emphasized that in the first months of the year, customers applied for an average personal loan of 1.7 million HUF at the bank, amounting to twenty percent more than before.
Among the borrowing goals, home renovation has been popular so far, it now
dominates even more according to the experience, they noted. This is because many people do not finance the conversion of their property with an interest-subsidized mortgage loan, but with a personal loan. In addition, personal loans are mainly used for car purchases, larger family events and loan redemptions, they added. (MTI)
Related news
The average amount of personal loans has exceeded the 3 million forint mark
The average amount of personal loans planned by loan applicants…
Read more >Changes are coming to corporate loans – banks are scrutinizing companies due to sustainability risks
Starting this year, fundamental changes have come into effect in…
Read more >MBH Bank – The biggest merger in Hungarian banking history
On 30 April 2023, the merger of MKB Bank and…
Read more >Related news
OKSZ: margin is not profit!
The international food retailer member companies of the National Trade…
Read more >Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic…
Read more >