Information about the repayment moratorium
Based on the Government Decree no. 47/2020 (III. 18.) on immediate measures necessary for alleviating the effects of the coronavirus pandemic on national economy, and its detailed rules laid down in the Government Decree no. 62/2020 (III. 24.), our bank is providing an automatic payment moratorium for eligible clients for loans listed below. Thus, eligible clients are subject to postponed fulfilment on their principal, interest and fee payment obligations arising from their contracts.
What does the payment moratorium apply to?
- The payment moratorium shall apply to loans that have already been disbursed based on contracts existing on or before 18 March 2020.
- The period of the payment moratorium will run until 31 December 2020 and may be extended by a Government Decree.
- The moratorium covers the following types of loans: retail mortgage loans, Babaváró incentive loans, personal loans, credit card loans, overdraft facilities, employer’s loans, financial leasing contracts and loans granted to SMEs.
Our information about the repayment moratorium is continuously updated with the latest details and recent major developments.
Please familiarize yourself with our notice and banking advice relating to the prevention of the coronavirus!