K&H personal loan

a predictable solution for any purpose

  • no up-front fees
  • APR1 with discount: 5.6%, APR2 after 1 Jan, 2021: 8.1–13.8%
  • no real estate collateral

K&H cash loan calculator for installments after 1 Jan, 2021

loan amount
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duration
year(s)
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HINT
above 1 million forint loan amount you can apply for loan with better conditions
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intallment annual fixed interest rate APR total amount to be repaid total interest discount  
intallment annual fixed interest rate APR total amount to be repaid total interest discount  
result of your calculation:
monthly repayment
loan amount
duration

The interest rate applicable to the loan until 31 December 2020 is 5.60 % according to 2§ of government regulation 47/2020 (III.18.) “On immediate measures necessary for alleviating the effects of the coronavirus pandemic on national economy”, if the deadline is not extended, the interest rate will also change to the value shown in the calculator for contracts in force at that date.
The amount of the instalment to be actually paid, by December 31, 2020 can be found in the preliminary information of the loan agreement and in the loan agreement.
Representative example for the initial period (until 31 December, 2020)
For a 36-month term, HUF 500 000 loan, the monthly repayment instalment is HUF 15 121 at fixed  5.60% annual interest rate. The total amount to be repaid is HUF 544 356 and the loan charges are HUF 44 356, 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 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 8.1 %.
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 %.

  • We offer two types of personal loans for „free use” depending on how much is your monthly net income
  • As a result of the payment moratorium imposed by Government Decree 47/2020 (III.18.), the terms of the loans are the same until 31 December, 2020.
  • The interest rate of the loan 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.
  • Credit assessment and the disbursement are free of charge for both types
  • Prepayment fee 1%, in the last year of the term 0,5%

loan purpose

private (non-commercial) purposes of private persons

loan amount

HUF 300 thousand to HUF 7 million

interest rate (annual)

  • Normal cash loan
    • until 31 Dec, 2020: 5,6%
    • from 1 Jan, 2021: 12,99%
      • with discount from 1 Jan, 2021: 11,99%
  • VIP cash loan
    • until 31 Dec, 2020: 5,6%
    • from 1 Jan, 2021: 9,49%
      • with discount from 1 Jan, 2021: 7,49%

interest discount criterias

This discount is only available from 1 Jan, 2021

1% discount:

  • 1,0% discount from the transaction interest regarding monthly income (at least HUF 100,000 net) transferred onto your account

2% discount:

  • 2,0% discount from the transaction interest regarding monthly income (at least HUF 100,000 net) transferred onto your account,

  • the net monthly income must reach HUF 300 thousand

  • from 1 million HUF loan amount

contracting fee

HUF 0

loan term

24–84 months, also depending on the loan amount

APR

APR1 with discount: 5.6%, APR2 after 1 Jan, 2021: 8.1–13.8%

prepayment

may be prepaid for a low prepayment fee or free of charge, according to the current announcement

application

via the TeleCenter, in a bank branch, or online

this facility is for you if

  • you want to borrow an amount for any purpose with predictable conditions and guaranteed fixed instalments
  • you prefer a simple, fast procedure, and don’t want to provide real estate collateral
  • you have a certified monthly net income between HUF 150 thousand and 300 thousand (if your income is above HUF 300 thousand, we recommend K&H’s VIP personal loan from 8.1% APR
  • Ask our colleagues to call you back when it’s suitable for you and they will be happy to answer any questions you may have.

starting the procedure online is even faster and simpler

Go online to ask our advisers to call you back when it’s suitable for you. Our colleague will

  • give you further information on the loan and the application
  • carry out the preliminary evaluation by phone upon your request – the procedure is simple, free of charge, and non-binding
  • make you an appointment in the bank branch of your choice for a convenient, time-efficient procedure

preliminary evaluation – simple and non-binding

Based on the data you provide, we first find out how much you could borrow with what conditions, and what documents will need to be submitted. In view of this information,

  • you can decide if the loan amount is sufficient or a co-debtor needs to be involved

  • you get personalised information on the required documents to be obtained before you visit a K&H branch

  • the administrative procedure is simplified, i.e. you save time

Preliminary evaluation is free of charge and involves no commitment on you part; it does not mean an application, but it helps you decide.

 

application criteria

  • the loan is available to adult Hungarian private persons who can be contacted by phone and have their registered address in Hungary
  • the applicant’s certified net monthly income must reach HUF 150 thousand
  • the applicant must have been employed for at least six months, or must have had an active business for 12 months, or must receive final old-age pension
  • no negative information (with neither active nor passive status) about the applicant must be registered in the Central Credit Information System (the former Interbank Debtor Information system)
  • if the applicant is over 65 years of age at the maturity of the loan, a co-debtor may have to be involved

If you meet these conditions, ask our advisors to call you back for a preliminary evaluation so that you can find out the loan amount available to you.

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 personal loan payment protection insurance to go with your new loan. The monthly premium of this optional insurance is merely 8% of the repayment instalment. The service is provided by K&H Insurance.

representative example

The interest rate applicable to the loan until 31 December 2020 is 5.60 % according to 2§ of government regulation 47/2020 (III.18.) “On immediate measures necessary for alleviating the effects of the coronavirus pandemic on national economy”, if the deadline is not extended, the interest rate will also change to the value shown in the calculator for contracts in force at that date.
The amount of the instalment to be actually paid, by December 31, 2020 can be found in the preliminary information of the loan agreement and in the loan agreement.
Representative example for the initial period (until 31 December, 2020)
For a 36-month term, HUF 500 000 loan, the monthly repayment instalment is HUF 15 121 at fixed  5.60% annual interest rate. The total amount to be repaid is HUF 544 356 and the loan charges are HUF 44 356, 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 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 8.1 %.
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 %.

general contracting terms and conditions

general contractual terms and conditions of retail loans
General Tems and Conditions

loan application process

Step 1: basic information and calculation
Step 2: preliminary evaluation, possibly in a few minutes
Step 3: book an appointment conveniently
Step 4: receive advice in a bank branch and submit the loan application
Step 5: approval and disbursement

To apply for K&H’s VIP personal loan, you will need to certify net monthly income of HUF 300 thousand or more. If your income is between HUF 150 thousand – 300 thousand and/or loan amount lower than 1 million HUF, check out our normal personal loan offer.

We draw your attention to the consumer protection website of the Financial Consumer Protection Centre of the National Bank of Hungary where 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.