Refinancing

 

Loan Repayment Mortgage Loan

 

With our loan repayment mortgage loan you can decrease the instalments of your home loan. This new loan offers lower instalments and redeems your other loan. In this way you can reduce your monthly expenses and installments. APR: 3.97

 

Representative example with Active discount: In the case of a loan of HUF 5 000 000 for the purposes of home loan redemption with a market interest rate, with a lien registered on a property, with a 5-year interest rate period, the loan’s interest rate varies in each interest rate period, the total amount payable by the consumer, which, in addition to the standard interest rate, is composed of the following fee related to the transfer of the loan amount: HUF 25 000, fee for property registration procedure: HUF 12,600 per item; (lien registration request), fee for the title deed requested from the Takarnet system: HUF 1,000 per item)

Granted for a term of 20 years, the number of instalments is 240 months p.a: 3.76%, the monthly instalments in the first interest rate period total HUF 29,890, the APR1 may change in the additional interest rate periods as the interest rate changes, APR1: 3.97%, the total credit fee: HUF 2,195,830, total amount payable by the consumer: HUF 7,195,830.

The premium of the property insurance policy taken for the property used as collateral is not known to the creditor, and is therefore not included in the APR.

The APR has been determined with respect to the current conditions, prevailing legal provisions and the Active discount applicable for the whole term of the loan in the case of performance of the contractual conditions, and may be altered if the change; the APR does not reflect the interest rate risk of loans with variable interest rates.

In the Mastercard – The Bank of the Year 2019 Hungary competition our Stable Mortgage Loan Bank won the third place in the „The Loan Product of the Year” category.
What loans can you repay using our mortgage loan?

At UniCredit, you can settle your debts with a HUF mortgage loan since you can repay your

  • home mortgage loan


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

The main features of the Loan Repayment Mortgage Loan
  • The purpose of home loan redemption HUF 1 - 60 million loan amount.
  • The purpose of home loan redemption term: 4 - 30 years.
  • You may fix the interest rate and repayment for 5 or 10 years.
  • For a mortgage loan for refinancing purposes, you may opt for our Stable Interest loan with a fixed interest rate and identical repayments for the whole term of 5-20 years (interval is 12 month). 
  • You decide on the property you offer as collateral3: the collateral may be no more than three residential or holiday homes, summer houses or construction lots in Hungary.
What discounts are offered in relation to the Loan Repayment Loan?

You will be entitled to an Active discount from the standard interest rate, - in case of 5 and 10 year interest rate period loan and Stable interest loan i.e. 0,50% - for the whole term of the loan, if you fulfill the following requirements:

  • at least HUF 120,000 are transferred to your bank account every month5 and
  • you use your debit card for purchases6 of a minimum amount of HUF 15,000 per month.

You will be entitled to a Premium active discount from the standard interest rate, - in case of 5 and 10 year interest rate period loan and Stable interest loan with duration of 5 - 10 years i.e. 1.00%, Stable interest loan with home loan redemption purpose, with duration of 11 - 20 years i.e. 0.70%, - for the whole term of the loan, if you fulfill the following requirements:

  • at least HUF 300,000 are transferred to your bank account every month5 and
  • the availability of an adequate Generali credit protection insurance relating to the loan7

You will be entitled to a TOP Premium active discount from the standard interest rate, - in case of 5 and 10 year interest rate period loan and Stable interest loan with duration of 5 - 10 years i.e. 1.30%, Stable interest loan with home loan redemption purpose, with duration of 11 - 20 years i.e. 0.85%, - for the whole term of the loan, if you fulfill the following requirements:

  • at least HUF 300,000 are transferred to your bank account every month5 and
  • the availability of an adequate Generali credit protection insurance relating to the loan7
  • and a property insurance taken by the Borrower in a UniCredit branch for the property offered as collateral.

With regard to a loan repayment mortgage loan applied for as part of this promotional offer, which is valid until withdrawn, with the exception of the first 2 months of the term, the bank shall inspect compliance with the necessary conditions monthly, for the period between the first and last day of each calendar month. If you fail to meet the requirements in a reviewed month, you will not be entitled to the interest discount in the subsequent month.

Conditions for application

You may apply for a UniCredit loan repayment mortgage loan if you are a resident natural person with full capacity of action, and

  • you have an eligible property.
  • You are aged at least 18 and will not be older than 65 when the loan matures. If you are aged more than 65 when the loan matures, then you can apply for this loan with a life insurance policy as collateral, where UniCredit Bank is the beneficiary.
  • You have a landline or a mobile phone in your name.
  • You have had a retail HUF/EUR bank account at any Hungarian bank for at least 3 months.
  • You have a regular and certified net monthly income which is not less than the currently effective minimum wage.
  • You have been working at your current workplace for at least 3 months and have completed your trial period, or you have been a sole trader or a pensioner for at least one year.

The Bank accepts loan applications from new customers if the debtor of the loan undertakes to transfer his current income to his bank account kept at UniCredit Bank during the term of the loan. A new customer is a customer who does not have a UniCredit bank account at the time of receiving the loan application, or who has one and has concluded its contract
after 01.01.2020.

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 in Hungarian 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.

What we offer in addition to the Loan Repayment Mortgage Loan?

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!

Do you have more loan?
Would you like to replace your old, expensive personal loan and credit card for a more favorable loan? Stable interest personal loan can be borrowed from existing loans. THM8: 4.51-19.86%

Loan insurance can provide security in your finances. In unexpected, difficult situations, in the event of sickness, long-term unemployment or the loss of your ability to work, Generali Biztosító may provide assistance for you so that your repayment obligation can be fulfilled without any problems. Further details

This information is not comprehensive. This information does not qualify as an offer; all the data stated herein are for information purposes only. The Bank reserves the right to make modifications. This information does not constitute any obligation for the bank to approve and disburse the loan. The bank assesses the applicant’s assets and income and the collateral value of the property securing the loan based on its own Loan Approval Regulations and the prevailing legal regulations. The terms and conditions of the loan product and any other conditions are included in the Bank’s Business Regulations for Retail Clients and the announcements under the title of “Conditions for Loans provided by UniCredit Bank Hungary Zrt. for Private Customers” as well as the List of Conditions.

 

1 The APR has been determined with respect to the current conditions, prevailing legal provisions and the Active discount applicable for the whole term of the loan in the case of performance of the contractual conditions, and may be altered if the conditions - in the case of reference rate-based interest rates also including a change in the reference rate - change; the APR does not reflect the interest rate risk of loans with variable interest rates.

3 The actual loan amount may not exceed 70% of the market value of the property also accepted by the bank. The bank calculates the disbursable loan amount based on the market value by applying the relevant legal regulations, an individual assessment and following the valuation of the property.

5 Transfers between your own accounts are not considered for the requirement of the Active-, discount.

6 All of the HUF transactions below that are launched/initiated shall be regarded as purchase activities: if you make any purchases within Hungary using any POS terminal, or place an order through the internet, or place a phone order and such transaction appears as an item recorded in your account statement for the given period.

7 The Generali loan insurance can be concluded by the client as an insured party by joining a group loan insurance concluded by the Bank as a contracting party, and such insurance has to be maintained during the whole term of the loan with continuous premium payment.

8 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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