In the period from July 1 to December 31, the interest rate on general-purpose student loans will be dropped from the current 3.35% to 2.3% temporarily. Additionally, the rate on special-purpose loans for educational costs will fall from 3.90% to 3.45%.
Due to the state subsidy on the loans, students will continue to pay 2% interest on the credit, according to MTI.
The National Bank of Hungaryʼs base rate is currently 0.90%, after rate setters once again decided to keep it on hold on Tuesday at their regular rate-setting meeting.
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