Accounts

Foreign currency loans – Foreign currency lenders get better, MNB publishes methodological guidelines for conversion

The National Bank of Hungary (MNB) has published methodological guidelines for the conversion of consumer loan contracts due to the nullity of the exchange rate margin, the legality of which will be verified ex officio. Financial institutions must send the conversion methodology According to the methodological guidelines published on the MNB’s website on Tuesday, financial […]

Accounts

The truth about mini-rates in credit advertising

Credit comparison portals put millions in advertising to attract new customers. They promise attractive loans at mini interest rates. Less than one percent should pay for his loan, according to advertisements and television commercials. But many consumers who want to have such a cheap credit, are bitterly disappointed: Either they find in their loan offer […]