At the lending summit in Hungary, the borrowing of the population is unbroken. Depending on increasing real wages and low interest rates, the borrowing of personal and housing loans is also growing. But what are we spending this money on?
The borrowing spirit of the Hungarian population continues to grow and for the time being, it seems that growth cannot stop. The demand for loans is mainly due to two reasons: an increase in real wages and a low interest rate environment. With regard to housing loans, the demand for real estate is still driven by the post-crisis recovery and the increase in consumer credit is actually the reason for spending. See what the big credit portfolio means and what the goals behind borrowing are.
How much credit did we get?
The MNB database reveals that the total retail credit portfolio grew by 3 percent compared to the previous year, with a total of 5,547 billion HUFs, most of which are housing loans and retail loans. In 2017, total housing loans for housing loans amounted to HUF 600 billion, an increase of 37 percent compared to the previous year. The figure, as mentioned above, can be understood as the housing market demand is broken.
At the same time, the number of personal loans increased and increased by 50 percent compared to the previous year. The most striking feature of its popularity is its low amount of credit. 10 percent of retail loans (571 billion) reflect the proportion of individual loans.
The volume of outsourcing has also increased unprecedentedly. In the last quarter of 2018, it was more than 120 billion HUF compared with just 88.5 billion in the previous month. According to the latest statistics announced today, retail loans increased by 51 percent and retail loans increased by 42 percent compared to the previous year.
The pleasure of lending has never been broken. However, while the use of housing loans is clear, what do we use personal loans?
Hungary spends it on this
According to the Central Bureau of Statistics data, the average monthly Hungarian average households increased by 7.6 percent compared to the previous year and became 83,000 HUF in 2017. Apart from that, we spent about 22 thousand meals. In 2017, we paid an average of 17 thousand forints for reuse. According to the latest data from Eurostat, the total cost of living is 23.2 percent of our income. gone. We have about 10 thousand people in transportation.
Although we can see that our income is sufficient to cover our current expenditures, sometimes our savings are insufficient for spending exceeding our unexpected monthly income. According to Cofidis research data, 17 percent of the population in 2017 housing renewal, 28 percent planned to make the holiday. Moreover, in the old case, 46 percent of the respondents stated that they usually went on the road. This holiday was 38 percent.
Buying a personal car is also an important item. Most of the participants wanted to make their own car purchases. However, 30 percent thought that borrowing was indispensable and allowed this personal loan to be used. 34 percent of respondents are covered by credit, while the rate of personal loans is 14 percent.
It's not surprising to spend more than the average in December. Although the article is covered by two thirds of the resources of the research participants, Their 5 percent is also taking credit for Christmas shopping – Personal credit is best for informal purposes.
This is the most popular loan among the population
Consumption loans therefore play an increasing role in our annual expenditures: In the last nine months, the household borrowed 342.7 billion forints. Not surprisingly, the construction of credits is gaining popularity. Acceptance conditions can be met easily – no guarantee or guarantee is required, even within an hour we can find the amount in our account. Interest rates are also quite favorable – about half of their over-purchase is at the interest rates of the loan. According to the MNB figures, the average interest rate on individual loans was 11.97% in September 2018, but it is easy to find a cheaper option with a little research.
Find your personalized offer with the Pentium Center calculator!
If we choose to buy a car, this could be a good solution for a personal car loan; in this program, ten percent of the population living with this vehicle. We now With a college center calculator we have examined whether the most appropriate one is for one and a half million forints account Opportunities.
As we can see, we are able to achieve more favorable interest rates by obtaining more than 250 thousand HUF net earnings. CIB's offer It seems to be the cheapest with 8.17 percent THM. The following fourth offer THM is already 11.47 percent, while the net income of 250 thousand Cetelem bid most useful Cash Center Calculator by. Looking at the big differences, it's worth looking at the best deals on the market today.
3 million worth?
With the money center calculator you can easily find the cheapest personal loan. Here is a concrete example: HUF 3 million loan amountand 84 months of maturity we also added "Monthly net income up to CU250,000"Or"I used my income at the bank I chose."One of the less expensive structures based on reimbursement rankings is HUF 45.941 monthly installments. Raiffeisen Bank (8.20% THM); but it won't take long K & H Base (46.000 HUF / months; 8.09% THM); or Bank of Budapest (HUF 46 402 / month; THM 7.90%). also
for precise details of proposals or structures for banks (THM,
installment, refundable amount, etc.) Cash center personal credit calculator.