PRIVATE LOAN COVERED BY SECURITIES/DEPOSITS

 

With the loan covered by securities or deposits, you can achieve your goals or receive money without having to terminate your savings. If in hope of a higher yield you would like to invest more than your current savings, you can also achieve that with our Private loan covered by securities or deposits. APR1 for HUF loans: 2.86, APR1 for FX loans: 3.41%


The APR has been defined in the light of the current conditions and the effective legal provisions. The APR can be modified in the event of changes in the conditions; the APR does not reflect the interest rate risk of loans with variable interest rates. With regard to deposit/security covered loans, the APR is calculated, based on the BUBOR/EURIBOR valid on the first working day in September 2016, for a 5 year even capital repayment HUF loan of the amount of HUF 3 million. A prerequisite for receiving a loan is having an account held with UniCredit Bank. The APR has been calculated with the use of a Loan bank account.


A representative example: In the event of applying for an even capital repayment private deposit/security covered HUF 3 million loan for a 5 year term, the standard interest rate is 1 month BUBOR + 1.75%; the interest rate period of the reference interest rate (BUBOR) on which the transaction rate is based is 1 month, therefore this is a floating rate loan. The annual percentage rate (APR) of the loan is 2.86%; the monthly repayment is HUF 56,550. If the loan is contracted according to the conditions set out herein, the total amount repayable by the client is HUF 3,214,775; the total cost of the loan is HUF 214,775, which includes the disbursement fee: HUF 15 000 beside interest rate.


The loan amount is disbursed to a UniCredit bank account and the loan is likewise repayable from this account; your bank account must therefore be maintained throughout the term of the loan.

What can you accomplish with a Private loan?

You can use the loan amount for

  • any purpose of your choice,
  • purchasing securities or making a deposit contract (if you do not want to miss a good investment opportunity then the purchased securities or the fixed deposit can be the collateral for the loan).

Why is this advantageous to you?

  • Favourable interest rates,
  • The method of repayment can be selected flexibly,
  • Available from a term of one month already,
  • It can be applied for simply and quickly,
  • The loan can be applied for in both HUF and FX,
  • No guarantor or property collateral is needed.

What are the main features of UniCredit Bank’s Private loan covered by deposits or securities?

  • Loan amount: minimum HUF 1 million, maximum HUF 40 million.
  • Currency of loan: HUF, EUR
  • Term: from 1 month to 5 years; the maturity of the loan can be a maximum of the 10th working day preceding the maturity of the securities.
  • Conditions for application: the private individual must be aged at least 18, have full capacity of action and have savings at UniCredit Bank eligible as collateral.
  • You can choose the method of loan repayment when applying for the loan:
    • you repay the principal in one amount at the end of the term, you only need to pay the interest rate during the term each month, or
    • you repay the principal during the term on a continuous basis, at a balanced pace (balanced principal repayment method).

The collateral for the loan is the private individual’s deposit fixed at UniCredit Bank or the securities on their securities account. For loans covered by securities, only government securities and investment units specified by the bank can serve as securities deposits. For further details about the currently eligible securities, do not hesitate to contact our branches or call +36 1 325 3200.

Value of own funds

If you wish to apply for a loan for deposit commitment or to purchase securities, we will specify the amount of your own retention, taking several factors (the type of the security, the currency of the loan drawn, the term of the security) into consideration. In order to specify your required own retention, the advisors at UniCredit Bank will prepare a calculation for you. In this case, the security purchased or the fixed deposit committed from the loan will serve as the collateral for the loan.

 

Please contact our branch staff or call us for further information.

Decide responsibly on taking out a loan!

The Responsible Lending and Banking Terms and Definitions may help you become more knowledgeable on contracting a loan, while at the website of the Hungarian National Bank’s Financial Customer Protection Centre in Hungarian you can find product descriptions that help you make responsible decisions, as well as applications that help you make comparisons. Please make a responsible and prudent decision with respect to taking out a loan, taking your income into account.

Choose a UniCredit account for your everyday finances!

You can reduce the monthly account management fee of numerous accounts if your income is credited to a UniCredit bank account. Contact our colleagues at any of our branches; they can help you to choose the bank account that best suits your needs. Use our website to calculate which bank account best suits your needs. Count on us!

Related documents


This advertisement does not qualify as a contractual offer.
UniCredit Bank reserves the right to decide on loan disbursement and the amount of the loan based on its own loan assessment, the loan application and the submitted documents, according to its currently valid General Terms and Conditions, the Rules of Retail Business and the Announcement about loans provided by UniCredit Bank for private individuals. The detailed conditions are included in UniCredit’s aforementioned Announcement. UniCredit Bank reserves the right to change its terms and conditions.

 

1 The APR has been determined in consideration of the current conditions and the prevailing legal provisions, and may be modified in the event of any changes in interest rates.

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UniCredit Bank Hungary Zrt.


Head Office: 1054 Budapest, Szabadság tér 5-6.
Post address: 1242 Budapest Pf. 386


Tel.: +36 (1/20/30/70) 325 3200
Fax: 06/1-353-4959



Bank code: 109
SWIFT: BACXHUHB
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