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Mortgage facilities

General terms

Whereas Hungarian banks generally do not directly offer a mortgage to foreign citizens, private buyers can get easy finance in Hungary based on Euro or Swiss Franc.

  • The easiest way to get a mortgage is to submit the application at the financing bank of the specific real estate development.
  • Any application for mortgage can be submitted after you sign the preliminary purchase agreement for the apartment and pay the deposit (usually 10%).
  • Receiving a mortgage shall take 30-60 days approximately.
  • LTVs typically range from 40-70% depending on income coverage and other factors you should consult for. (in general individual application with income statements LTV 70%, without statements 40%, company applications 50%)
  • APR can be between 5 and 8% in case of a loan with 20 years maturity. The frequency of the interest payments will influence the effective annual interest rate and hence the monthly repayment.

Hungarian companies can get limited finance subject to the following conditions:

  • The company has been trading for at least one year
  • The company has complete balances signed by an auditor
  • The company has a proof of income
  • The loan will not exceed 50% of the LTV for a maximal period of 10 years

Current interest rates are around:*

  • Individual applications: 5.99% for Euro and 5.49% Swiss Franc
  • Company applications: 8.15% Euro and 6.78% Swiss Franc (maturity 10 years)

*The actual terms and conditions also depend on the bank providing the loan.

Requested documentation for the mortgage application:

  • Filled loan application form for housing loans
  • 2 attested copies of the bill of sale
  • copy of checks of the payment of loan assessment fee and the loan-to-value appraisal fee
  • certificate of the payments completed so far on the real estate being purchased (account statement, bank warrant)
  • copy of passport (of debtor and co-debtor)
  • bank information from account manager bank, This is the regular bank information regulated by banking standards. Its content usually confirms that the person is a client of the bank and has no bad debt.

Summery of Mortgage terms

Type of Loan

Housing loan

Housing loan

Housing loan




Minimal amount of the loan

HUF 2,000,000

Maximum amount

80% of the value of the property acting as security

Term of the loan

Maximum of 20 years

Term of the interest period

1 year or 5 years

3 months or 1 year

Type of interest

Variable in each interest period, fixed within one interest period

Interest and Service charges




Service charge

0.146% per month at the beginning of the transaction year in relation to outstanding principal dept payable at repayment

0.146% per month, payable monthly, calculated on a daily basis, in proportion to the principal outstanding on the relevant day

0.2% per month, payable monthly, calculated on a daily basis, in proportion to the principal outstanding on the relevant day

Annual Percentage Rate (APR)




Fees and Rates

Application fee: HUF 40,000; Collateral valuation fee: HUF 30,000; Up-front fee: 1% of the amount of the loan

The above figures are for informational purposes only and are not to be used or considered as an offer.


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