Author: Wayne Hansen

Credit without processing fee

The no-processing-fee loan is not just the norm, but the only form of credit allowed. The admissibility of a processing fee to be paid in addition to the nominal interest rate was disputed in court for several years before the Federal Court of Justice definitively prohibited its collection in May 2014. It had already been…

Loan With Favorable GHDs- How To Choose?

In the past year, the borrowing spirit in Hungary has been unbroken: we have borrowed more than HUF 1,000 billion for various purposes. Most users are now aware that the best way to compare individual loans is to compare GHDs. However, less so that WRLs may not necessarily include all the costs involved, or more…