The repayment of foreign currency-based loans can be requested from Thursday, and there is already a large business in the information centers. With little usable information.
Early repayment of foreign currency loans
The government allowed the early repayment of foreign currency loans at a fixed exchange rate of HUF 180 for the Swiss franc, HUF 250 for the euro, and HUF 2 for the Japanese yen. The law is in force from Thursday, and it is up to the banks. ABC has asked some market players how prepared they are – at least at the level of the interested ones – for an expected attack.
Amount of the loan and the earnings
Through its central number, ABC maintains a separate “home security” menu item, which, although unable to provide specifics, “can record a callback through a branch.” The question here is, do you already have a product to redeem your foreign currency loan in another bank? The clerk questioned us about both the amount of the loan and the earnings and promised to call me back on Friday.
Final repayment visit their respective banks
Buddha Bank has been told that the exact steps will be published on their website tomorrow. We also clarified the question of whether it is possible to prepay at the fixed exchange rate of 180 for which we received a negative answer. In any case, it is recommended that those who wish to make a final repayment visit their respective banks personally for detailed information.
Asked at one of Fyre Bank’s branches, the clerk will receive an internal instruction on Wednesday, with details. Thus, they could not yet answer what purpose the triggering loan could be, whether for residential or free use, with quite different interest and management burdens. The question is whether a new valuation will have to be made on the property, which is legally charged by the bank.
Pay off your foreign currency loan from a real estate sale
If you want to pay off your foreign currency loan from a real estate sale, you should consider starting a loan redemption process in addition to starting the sales process. If you do not find a buyer on time, you can still redeem your loan to realize the exchange rate difference. In this case, the new forint loan plays a kind of “bridging loan”, which can extend the sales process.
The B&L Bank contacted could not tell you more about what to do to pay off your Swiss franc loan. According to one of the agents, there is already a lot of interest, but he recommended that since they cannot help yet, we would rather look for a central bank branch. Here, too, they could not answer the question, as they said “the regulation is so fresh” that colleagues are now working on the details. Otherwise, the central branch sent you back to the outsourced B&L branch where the loan was taken, as they said they would help you as soon as possible.