The MNB said around a quarter of new personal loan outlays can be considered consumer-friendly, but in some financial institutions, the rate is as high as 35-45%.
On average, the rates are 1.3 percentage points lower than the 14.5% average rate for similar non-certified products.
Customers also sign for around double the amount, HUF 4.1 million, for certified products and on longer maturities that average 6.7 years.
The MNB said six banks offer certified consumer-friendly personal loans.
Since July 2021, banks have to provide fully digital application procedures; by April 2022, 38% of new outlays were for digital applications.
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