The population is more cautious when applying for home loans!

As the average interest rate on floating rate loans has been below 3% since December, so you might want to take it! The major change is due to the popularity of consumer-friendly loans and the anticipation of the population.

Loan applicants are looking forward

Loan applicants are looking forward

There is a steady increase in borrowing, with 34% more people applying for a home loan in February than in the same period last year, with a 35% increase in home loans and 41% in personal loans.

According to experts, personal loans peaked, but home loans also increased compared to last year.

If the index continues for the remainder of the year, we will require as many home loans as we did 10 years ago at the time of the peak.

Downturn in the area of ​​free-to-use mortgages

Downturn in the area of ​​free-to-use mortgages

 

However, there is a downturn in the area of ​​free-to-use mortgages, a form which is less desirable.

We can also see from the statistics of the first months of the year that the fear of a rise in the interest rate environment puts fixed-rate loans in the foreground! However, the initial repayment installment for a $ 10 million home loan is a difference of thousands of forints (min. HUF 6,000).

The corporate segment’s loan portfolio is also growing, but it is really the corporate deposit portfolio that has reached its peak, showing an almost 22% increase. thanks to the influx of EU funds.

Retail borrowing is increasing at an accelerated pace

Retail borrowing is increasing at an accelerated pace

 

Overall, retail borrowing is increasing at an accelerated pace, but floating rate loans are increasingly being replaced by fixed-rate, mid-term, 5 to 10-year home loans, which come mostly from qualified consumer-friendly loans!

If you are interested in home loans, consumer-friendly loans, or even Family Home Creation Support, contact our credit brokerage experts who will provide you with free professional information!