In a press release on Monday, the first day on which Home Start applications are being accepted, MBH Bank, Hungary’s second-largest commercial lender said it was offering Home Start borrowers HUF 100,000 of MOL vouchers.

The bank’s analysts expect the subsidised, 3% fixed-rate credit scheme for first-time home buyers to lift lending volume in the coming months.

CIB Bank said it was offering Home Start borrowers a 2.95% rate for the first five years of the term of the loan, while covering charges for client and collateral certification, as well as fees for registering collateral with the land office.

The lender is also offering Home Start borrowers a one-off HUF 200,000 rebate until the end of October.

Gránit Bank told MTI it was offering Home Start borrowers a rate of 2.85% and a HUF 200,000 rebate, while waiving fees.