Most using baby support loan for housing
The unbroken popularity of baby support loan is indicated by the fact that, according to the data of the National Bank of Hungary, in the first quarter of 2021 it took up 60% of the growth of the retail loan portfolio, writes business daily Világgazdaság.
Two thirds of applicants will use the baby saiting loan for some kind of housing purpose, such as purchase, or renovation.
This has also been the experience of OTP Bank, as their customers plan to borrow on this basis and to use further market constructions.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.