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Since launching the waiting baby loan service last year, OTP Bank has disbursed HUF 405 billion of this type of loan, MTI wrote on the basis of the financial institution’s announcement. Although the construction is free to use, according to the bank
10 percent of clients also entered into a home loan agreement within three months of disbursement of the state-subsidized loan.
One of the advantages of the baby loan scheme is that seventy-five percent of the borrowed amount can be counted as equity and combined with other products, significantly improving the position of applicants in the housing market. According to data from OTP Bank and Magyar Nemzeti Bank, customers also use this option, four out of ten applied for the waiting baby loan at OTP Bank.
The bank’s experts also draw attention to the fact that the upper limit of the waiting baby loan is HUF 10 million, which is why home planners should consider what other forms of family support or products designed by the bank. market can use. An awaiting baby loan can be combined with a non-refundable family housing allowance (check), village check, or a certain amount of mortgage repayment. In addition to chocolates and village chocolates, there is a subsidized interest loan for up to 20 years, which provides predictable repayments for families looking for a new home. The number of possible combinations will increase if clients also combine state-subsidized construction with market products, OTP said in its statement.
You can also read about lines of credit in a previous Index article.
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