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PRIVATE LOAN COVERED BY SECURITIES/DEPOSITS

 

With the loan covered by securities or deposits, you can achieve your goals or receive money without having to terminate your savings. If in hope of a higher yield you would like to invest more than your current savings, you can also achieve that with our Private loan covered by securities or deposits. APR1 for HUF loans: 2.11 %, APR1 for FX loans: 3.38%


The APR has been defined in the light of the current conditions and the effective legal provisions. The APR can be modified in the event of changes in the conditions; the APR does not reflect the interest rate risk of loans with variable interest rates. With regard to deposit/security covered loans, the APR is calculated, based on the BUBOR/EURIBOR valid on the first working day in March 2017, for a 5 year even capital repayment HUF loan of the amount of HUF 3 million. A prerequisite for receiving a loan is having an account held with UniCredit Bank. The APR has been calculated with the use of a Loan bank account.


A representative example: In the event of applying for an even capital repayment private deposit/security covered HUF 3 million loan for a 5 year term, the standard interest rate is 1 month BUBOR + 1.75%; the interest rate period of the reference interest rate (BUBOR) on which the transaction rate is based is 1 month, therefore this is a floating rate loan. The annual percentage rate (APR) of the loan is 2.11%; the monthly repayment is HUF 54,725. If the loan is contracted according to the conditions set out herein, the total amount repayable by the client is HUF 3,159,113; the total cost of the loan is HUF 159,113, which includes the disbursement fee: HUF 15 000 beside interest rate.


The loan amount is disbursed to a UniCredit bank account and the loan is likewise repayable from this account; your bank account must therefore be maintained throughout the term of the loan.

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This advertisement does not qualify as a contractual offer. UniCredit Bank reserves the right to decide on loan disbursement and the amount of the loan based on its own loan assessment, the loan application and the submitted documents, according to its currently valid General Terms and Conditions, the Rules of Retail Business and the Announcement about loans provided by UniCredit Bank for private individuals. The detailed conditions are included in UniCredit’s aforementioned Announcement. UniCredit Bank reserves the right to change its terms and conditions.

 

1 The APR has been determined in consideration of the current conditions and the prevailing legal provisions, and may be modified in the event of any changes in interest rates.

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