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Student Loan Plus Applications Open Until September 30

Banking

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Despite the increase in loan interest rates and high inflation, students can still use interest-free loans or more than 10% lower than the open market loans to obtain their education, writes hrportal.hu.

The interest-free and free-to-use Student Loan Plus (Diákhitel Plusz), which was introduced due to the epidemic and can only be applied for until September 30, has now become the most popular scheme, which is why discussions are currently underway about whether students can apply for it in the long term, said Balázs Rákossy, CEO of the Student Loan Center.

The interest rate on the free-to-use Student Loan 1, which can be applied for up to HUF 1.5 million per semester, is now 4.99%.

In contrast, the interest rate on free-to-use, unsecured personal loans that can be applied for similar purposes exceeds 15% at almost all financial institutions.

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