Government plans to offer assistance to borrowers with FX car loans
The Hungarian government is planning to offer assistance to borrowers with foreign currency-denominated car loans similar to that received by households with FX home loans, National Economy Minister Mihály Varga said at an economic forum in Romania today, according to Hungarian news agency MTI.
The cabinet will soon decide on the conversion of FX vehicle loans into forints, and will ensure more favorable conditions than those currently available, Varga said at the Bálványosi Summer University in Baile Tusnád. He noted that Hungarians have more than 200,000 FX vehicle and personal loan contracts valued at almost HUF 300 bln.
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