Life is full of unpredictable surprises. At any time, a technical article that we just need may need to be purchased, we need to buy a new work tool due to an unexpected order, or we need medical treatment right away. We are not always able to finance these sudden expenses from the pocket. When there is no emergency reserve and the family or friends are unable to help you, you can pull out a personal loan to help you overcome unexpected financial difficulties.
Personal credit for every situation?
It is this speed and the simplicity of the claim that makes this credit product popular among the Hungarian population. The most important advantage of other credit products is that the bank does not necessarily determine the purpose of the loan, ie we can freely use the loan to achieve our goals. The great advantage is that, in most cases, you do not need real estate or other high-value collateral, but credit institutions have a good guarantee of getting regular payments from our workplace. That is why the process of applying for credit does not extend: it is more and more common to have money on our current account within a few hours of the credit rating.
No matter whether we would buy only one TV out of money or renew a holiday home: fortunately, the personal loan is a flexible loan, as we can claim up to LOF 100,000 depending on a smaller amount, up to LOF 7 million, depending on what we want to accomplish from our goals. The maturity is also usually shorter than for other credit products: it varies from bank to bank, but is usually 7 years for the longest term.
What you should definitely pay for a personal loan
A personal loan can really be a flexible solution to our periodic financial problems, but it is far from the choice of the market.
We can also see on the basis of the most important individual aspects set out in the loan calculator of Personi-loan.hu: we can save hundreds of thousands with a well-chosen loan, since it is worth paying LOF 1 240 000 or LOF 1 540 000 after our one million forints spent for four years. In order to avoid such errors, it is worth considering carefully before deciding what is our goal, how much we can spend on monthly repayments and how long we can make sure that this cost can be sustained. In these decisions, our online credit calculator can help you rank the best credit offers from banks for free on the basis of either the size of the loan, the APR, or the total amount to be repaid.
With our calculator, you can easily answer which bank you can pick up interest rate discounts or other periodic actions: the example shows that A&B and BCD are now paying interest on their current account with BCD. more than 200,000 and at A&B 100,000. Sberbank also promises a great deal with its periodic action: “Price Guarantee” applies to Fair Express and Fair Express Plus products, whereby the bank undertakes to adjust our contract to the same interest rate as our competitor if we find a better offer.
Of course, not everyone will be winning the price competition: Provident offers a solution for those who are on the KHR’s negative debtor list, or would be better off on a weekly, lesser repayment rather than a monthly, higher repayment.
However, it is important to keep in mind that it is not necessarily worthwhile to get into a bank because of the actions. Consider the best offer and take the time to make the right decision.
Whatever you need to apply for a loan
In order to get the loan, you will need a certificate of income or a bank statement in addition to your personal documents. Banks only ask for our payment as collateral, it is understandable that they want to make sure that our payment is genuine.
It doesn’t matter how much the bank is claiming, because we need LOF 6 million if the bank is safe to give 3 million forints on the basis of our income and credit assessment. In addition, due to the bad experience of the past few years, the banks’ hands have been concluded by the central bank: the Income Redemption Amount Indicator determines to them the highest monthly repayment installment compared to your payment, and the financial institutions can lend to us accordingly.