# loan calculator

The interest rate of the cash loans valid until 31 December, 2020 was determined on the basis of 2§ of Government regulation 47/2020 (III.18.) “On immediate measures necessary for alleviating the effects of the coronavirus pandemic on national economy” the rate is 1 January, 2021 it changes to the interest rate announced above.

**Representative example for the initial period (until 31 December, 2020)**

For a 60-month term, HUF 3 000 000 loan, the monthly repayment instalment is HUF 57 442 at fixed 5.60% annual interest rate. The total amount to be repaid is HUF 3 446 520 and the loan charges are HUF 446 520, of which fees and costs amount to HUF 0. **The annual percentage rate (APR) is 5.7 %**.

**Representative example after the initial period (from 1 January, 2021) for normal cash loan above 150 000 HUF monthly net income:**

For a 60-month (which is equal to the number of instalments), HUF 3 million loan, with a discount, the monthly repayment instalment is HUF 66 718 at a fixed 11.99 % annual interest rate. The total amount to be repaid is HUF 4 035 420 and the loan charges are HUF are HUF 1 035 420, of which fees and costs amount to 32 340. **The annual percentage rate (APR) is 13.1 %**.

**Representative example after the initial period (from 1 January, 2021) for VIP cash loan above 300 000 HUF monthly net income:**

For a 60-month (which is equal to the number of installments), HUF 3 million loan, with a discount, the monthly repayment instalment is HUF 60 100 at a fixed 7.49 % annual interest rate. The total amount to be repaid is HUF 3 638 340 and the loan charges are HUF are HUF 638 340, of which fees and costs amount to 32 340. **The annual percentage rate (APR) is 8.2 %**.

**Representative example for mortgage loans with 5 years interes period:**

For HUF 5 million loan with a 240-month term, with a variable annual interest rate of 3,14% (based on 5Y interest rate peiod); **with salary transfer discount and home insurance discount**, monthly repayment instalment HUF 28 082, total amount to repaid HUF 6 870 600, total loan charges HUF 1 870 600; within this latter, fees and costs HUF 130 920. **The annual percentage rate (APR) is 3,4%**.

The loan is provided by K&H bank. Number of instalments: 240. The loan is secured by real estate mortgage. Property insurance must be taken out for the real estate securing the loan.