K&H home loans

your home can grow on your demand now

  • calculate online
  • with up-front fee discounts till 30.06.2017.
  • APR: 2,9–7.7%
loan amount
HUF
duration
year(s)
= month(s)
result of your calculation
monthly repayment
loan amount
duration
The calculation is based on a non-subsidised K&H home loan with the interest rate fixed for one year, standard up-front fees, a K2 risk rating, and standard conditions as stated in the relevant Announcement, assuming that those conditions remain unchanged throughout the entire term.  
The annual interest rate and thus the monthly instalments are decreased by the chosen interest discounts. This calculation does not constitute an offer and does not replace the standard credit approval process. The loan is provided by K&H Bank. Number of repayment instalments: 240. The loan is secured by real estate mortgage. Property insurance must be taken out for the real estate securing the loan. See the drop-down menu below for a specific representative example. 

steps of taking out a home loan steps of taking out a home loan

obtaining information
submitting a loan application
credit approval
concluding a loan contract
disbursement, repayment

Details details

apply for a K&H home loan with numerous fee discounts! 

In our current promotion, the following up-front costs are waived, refunded, or paid by the Bank for loan applications accepted between 1 January and 31 March 2018:

  • the notarisation fee (up to HUF 60 thousand) is refunded
  • the contracting fee is waived
  • the cost of appraising one real property is paid by the Bank
  • obtaining a title deed and any map extract is paid by the Bank
  • see the bottom of the page for details about the fee discounts and conditions

up to four interest rate-decreasing discounts for the entire term

  • discount for income transfer (0.5% discount from the transaction interest)
  • discount for home insurance with K&H (0.1% discount from the transaction interest)
  • discount for K&H risk life insurance or K&H payment protection insurance (0.2% discount from the transaction interest)
  • premium and private banking discount (0.2% discount from the transaction interest)

These interest discounts may be combined.

The discounts are withdrawn if the relevant conditions are not fulfilled.

see the bottom of the page for details about the fee discounts and conditions

what you should know before deciding

loan amount

HUF 2 – 100 million

interest period

available options: 3 months or 1 year, 3 years or 5 years, during which the repayment instalments are unchanged, in case of fix rate for 10 years product the repayment instalments are unchanged within the whole term

loan interest rate

depends on the interest period chosen

  • 3- or 12-month interest period: 3- or 12-month BUBOR + fixed interest margin
  • 3-year interest period: fixed interest within the interest period
  • 5-year interest period: fixed interest within the interest period
  • fix rate for 10 years product: fixed interes within the whole term

what does BUBOR stand for?

the Budapest Interbank Offered Rate, which changes in line with the central bank’s base rate

up-front bank fees and costs

depends on the current discounts and conditions

loan term

1-30 years as chosen by the borrower; however, the ratio of the repayment instalment to the borrower’s certified income must be satisfactory. In case of fix rate for 10 years product the loan term has to be 10 years.

loan purpose

home purchase, extension or upgrade, or refinancing a HUF-based mortgage loan taken out for any of these purposes

credit approval

  • 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

prepayment

the loan may be prepaid any time

Optional prepayment free of charge over and above the normal instalments is allowed up to twice a calendar year. The maximum amount that may be prepaid any one time equals two months’ repayment instalments in case of prepayment once a year, and one month’s repayment instalment in case of prepayment twice a year.

application options

via the TeleCenter, in a bank branch, or online

reference transaction interest rates

  • for 3-month interest periods: 3-month BUBOR

  • for 12-month interest periods: 12-month BUBOR

  • for 3-year interest periods: variable at the beginning of each interest period according to the interest rate change indicator specified in the contract

  • for 5-year interest periods: variable at the beginning of each interest period according to the interest rate change indicator specified in the contract

see the bottom of the page for additional information on the definition of interest periods 

text message notification about the loan application status

Take advantage of this new service to keep abreast 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

payment protection insurance – if safety matters

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 8% of the repayment instalment. The service is provided by K&H Insurance. ​

fee discount conditions

The notarisation fee is refunded (up to HUF 60 thousand) 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 pay 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 waived if you have a K&H “okos” (or “okos plusz”) account package or a K&H “prémium” account and service package, and keep it for five years from contracting, or if you open a new K&H “okos plusz” account package or a K&H “prémium” account and service package, and keep it for five years from contracting

  • 50% of the contracting fee is waived even if you don’t meet the above conditions 

  • we pay the entire appraisal / technical inspection fee for one real estate on the first occasion

  • 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)

These discounts are valid for transactions contracted by 30 June 2018 based on complete loan applications accepted by the Bank between 1 January and 31 March  2018; they cannot be combined with the discounts offered in the 4000+ account package.

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 five 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

  • 0.5% discount from the transaction interest if you irrevocably undertake to have your monthly income (at least HUF 100,000 net) transferred onto your (repayment) account with K&H during the entire term.

  • 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.

  • 0.2% discount from the transaction interest until the end of the term if you already have regular-premium K&H risk life insurance assigned to the Bank up to the loan amount. If you have no regular-premium K&H risk life insurance but want this discount, then you need to take out K&H family life insurance (with a loan collateral clause) or a K&H mortgage payment protection insurance with regular premium payment, maintained until the end of the term. In case of a K&H mortgage payment protection insurance, a withdrawn interest discount shall not be available again.

  • 0.2% interest discount for a retail client who has a premium account and service package contract or a K&H private banking framework agreement when applying for the loan (or will have it within one month from loan disbursement), and meets all other conditions. The premium banking discount is available if the borrower meets the general premium banking service usage criteria. The interest discount is conditional on the availability of a valid premium banking contract or a K&H private banking framework agreement during the term.

As the above interest discounts can be combined with each other, the transaction interest can be lowered by up to 1%. However, the transaction interest rate cannot be lower than 3- / 12-month BUBOR + 2.00% in case of a 3- / 12-month interest period, 4.23% in case of a three-year interest period, and 4.37% in case of a five-year interest period.

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

definition of interest periods

3- or 12-mont interest period:

The interest rate may be modified at the beginning of a new interest period according to any change in the 3- or 12-month BUBOR that was valid two days before the last work day of the month. Consequently, the monthly repayment instalments in the new interest period may be higher or lower than before. The interest margin stays unchanged until the end of the term.

 3- or 5-year 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.

representative example

representative example: HUF 5 million loan with a 240-month term, with a variable annual interest rate of 2.7% (based on a reference rate); monthly repayment instalment HUF 26,985, total amount to repaid HUF 6,626,560 Ft, total loan charges HUF 1,626,560; within this latter, fees and costs HUF 150,160; annual percentage rate 3.1%.

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.

general contracting terms and conditions

general contractual terms and conditions of retail loans
We draw your attention to the consumer protection website of the where Financial Consumer Protection Centre of the National Bank of Hungary you can find useful product descriptions and various applications for comparison (loan calculator, budget calculator for households).
This material does not constitute an offer. The Bank reserves the right to change the conditions. A detailed description of the product and its terms and conditions can be found in the relevant loan contract; the General Contracting Terms and Conditions applicable to retail loans; in K&H Bank’s General Terms and Conditions; and the Announcement on K&H’s personal loans, which can be viewed in our bank branches and on the www.kh.hu website. The fees, costs and interest rates in the above advertisement have been defined according to the Announcement on K&H’s personal loans. The calculator constitutes a representative example.
See the “list of documents required for consumer loan application” under the “documents” tab for the specific documents required for loan application, or visit a K&H branch for further information. The approval of a loan application is always subject to evaluation by the Bank.