Finance

Finance in Hungary is quite advanced for an emerging market, with most commercial banks in Hungary offering mortgage facilities to foreign applicant. Key4 Hungary, has taken advantage of its strong relationships with most of the local banks, which has resulted in reducing costs for our customers as well streamlined processes speed up the application process.

General Information:

• The loan can be granted in Euros or in Forint (local currency).
• For a loan the maximum repayment period is up to 20 years.
• The maximum loan amount will be 80% of the value of the purchased property.
• The loan is repaid by monthly or quarterly installments depending on the product.  

For the majority of our projects Key4 Hungary has managed to set up finance schemes with local banks. Assignment of the Purchaser’s rights deriving from the Contract of Sale in favour of the Bank. Documents/Information required by the banks:

• Customer’s profile (Personal details, occupation-duration of your employment contract if any with your current employers)
• Passport copies (the page with the photograph & personal information)
• Statement of existing debt (if any)
• A reference Letter from the Bank you maintain an a/c with
• Completion of the Declaration of Personal Income form
• Evidence of income either pay slip or confirmation of remuneration from your employer, or P60 or business accounts
• Purchase agreement – (will need original one if ready for loan drawdown)
• •Copies of bank statements for the last three months
• Copies of payments already made by the applicant for the property

Key4 Hungary can put clients in touch with banks directly, for more details.

If you require further a more in depth consultation about your options, we can fix an appointment with Hungarian finance specialist.