The average APR for home loans Hungarian banks signed for in April stood at 4.84%, down 2 basis points from the previous month and 21bp lower than in February, according to monthly data released by the National Bank of Hungary.
The central bank noted the impact of its Green Home Programme, a scheme that offers cheap financing for highly energy-efficient residential property, on overall home loan rates. Interest rates on loans disbursed in the scheme are capped at 2.5%, but the credit is limited to homes with primary energy consumption of no more than 80 kWh per square metre. The central bank has allocated 300 billion forints for the programme.
The fresh NBH data show APRs for personal loans continued to climb, against the backdrop of the central bank’s tightening cycle, rising 99bp to 14.22% in April from a month earlier. The average rate banks paid on fixed retail deposits reached 3.68% in April, up 35bp from March and 147bp higher than in February.
hungarymatters.hu
pixabay
