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The Hungarian Banking Association asks debtors who have difficulty repaying the loan to make use of the moratorium, but who do not belong to this group should consider staying in the moratorium and continuing to pay.
Regarding one of the measures of the action plan for the protection of the coronavirus epidemic announced on Saturday, the extension of the loan repayment moratorium, Levente Kovács, secretary general of the association, said: the purpose of This is a solution generally supported by the banking sector for sustainable economic growth, he emphasized.
According to Saturday’s announcement, the Hungarian payment moratorium will automatically be extended by half a year without changes. This goes beyond the previous approach, as all customers fall for it, he added.
According to the banking association, those who have a loss of income due to a coronavirus emergency and find it difficult to pay the debt should definitely take advantage of the moratorium. And those who do not fall into this group of needs are asked to think about the possibilities of staying on the moratorium and continuing to pay.
Prime Minister Viktor Orbán announced on Saturday that the government had decided to complement the economic protection action plan in the interests of families and businesses. In accordance with this, among other measures, the moratorium on the repayment of loans for families and companies will be extended without changes for half a year until July 1.
The moratorium will be extended automatically, only those who want to pay off their loan despite the moratorium will have to visit their bank, the prime minister said.
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