K&H home loans

fee discount conditions

In our current promotion, the following up-front costs are waived, refunded, or paid by the Bank for loan applications accepted:

• the notarisation fee is refunded (up to HUF 40,000) if you have a K&H “kényelmi”, “maximum” or “kényelmi plusz” account package and keep it for five years from contracting, or if you open a new K&H “kényelmi plusz” or K&H “prémium” account and service package and keep it for five years from contracting
• we refund the entire fee charged for appraisal / technical inspection (for one property real estate, for the first time)
• we pay the price of obtaining a title deed and any map extract required for the appraisal / technical inspection (up to two title deeds and one map extract for one property, provided that these documents can be downloaded from the TakarNet system)

The following discounts are also available concerning up-front fees:

• the entire contracting fee is waive
• we pay the price of obtaining a title deed and any map extract (up to two title deeds and one map extract for one property, provided that these documents can be downloaded from the TakarNet system)

The fees and costs waived or paid by K&H Bank must be paid by the borrower if the loan is fully prepaid or terminated within two years from contracting (or within a shorter loan term) for a reason not attributable to the Bank, or if the repayments are made from any other account than the Client’s retail bank account with the Bank.

interest discount conditions

• 0.1% discount from the transaction interest if you have or take out K&H home insurance for the real estate securing your loan, and maintain that insurance during the entire term (except for loans with an interest rate fixation of more than 10 years).
• K&H life insurance or K&H mortgage insurance discount 0.2% discount on the transaction interest. You must have K&H life insurance, K&H life insurance with a credit protection clause or K&H mortgage credit protection insurance and pay the premium until the end of the term. If you have no regular-premium K&H risk life insurance but want this discount, then you need to take out K&H risk life insurance (with a loan collateral clause), maintained until the end of the term.
• Home insurance and risk life insurance interest rate discounts are exempted for loans with an interest rate fixation of more than 10 years.

The interest rates might be combined, but the final interest rate cannot be lower than the minimum interest rate described in the Announcement.

The above interest discounts are not available if the installment account is any other than the client’s retail bank account with K&H.

additional benefits during the term:

• free interest period change during the term in the interest change period
• free prepayment option up to twice a calendar year, with a maximum amount of two monthly installments per year, up to a maximum of one monthly installment in case of prepayment twice a year
• there are no additional monthly fees (such as handling fees) in addition to the transaction interest
• with an extension of the term, the repayment may be further reduced

text message notification about the loan application status

Take advantage of this new service to keep notified of the status of your application. Follow up the procedure so that you can schedule your arrangements related to the transaction. And the service is free of charge, too!

A text message is sent to your mobile phone about the following events:

1. appraisal ordered
2. application approved
3. loan agreement drafted
4. loan disbursed

loan amount available: HUF 2–100 million

loan interest rate: depends on the interest period chosen

• 5-year interest period: fixed interest within the interest period
• 10-year interest period: fixed interest within the interest period
• fixed interest period within the whole term

loan term:

depends on the interest period chosen

• 5 year interest period:5–30 years
• 10-year interest period:15–30 years fixed interest period within the whole term: 5–30 years

• K&H’s pricing is risk-based, i.e. the interest rate always depends on the final risk rating of the loan transaction. Six transaction rating categories have been established for home loans; see our Announcements for the interest rate level assigned to each transaction rating category.
• The maximum financing ratio (i.e. the ratio of the loan amount to the market value of the real estate offered as collateral) is 80%.
• This product requires property insurance.

If timely debt service even in the case of an unexpected event (unemployment, illness, permanent disability, death) is important to you, then choose K&H’s mortgage payment protection insurance to go with your new loan. The monthly premium of this optional payment protection insurance is merely 6,4% of the repayment instalment. The service is provided by K&H Insurance. ​

5- or 10 years interest period:

The interest rate may be modified at the beginning of each interest period according to an interest rate modification indicator, which is a publicly available ratio that objectively reflects any change in circumstances beyond the bank’s control. If the interest rate modification indicator is used, the loan rate may only be increased or decreased for reasons beyond the bank’s control. The National Bank of Hungary defines and publishes the rules on the calculation and applicability of the interest rate modification indicator; if it is applied, banks may only increase or decrease the loan rate according to the indicator.

That means that the interest rate and the monthly installment cannot change in the whole lifecyle of the loan.