Education lending through Diákhitel Központ Zrt, the state-owned institution, remains the sole source of supplementary funding for students, offering highly favourable conditions that are well below the costs of alternative funding options available on the market. This programme is expected to continue as the key element of education lending due to its success and relevance.
Timely and early loan repayment is crucial for avoiding foreclosures and personal bankruptcies. Managing non-performing loans should remain a priority, especially if interest rates—and consequently monthly instalments—rise again and challenge borrowers to repay their debts.
Borrowers of CSOK (Family Housing Support Programme) whose five-year term was set to expire after 1 July 2024, and who have not yet had a child, will be granted an extension of up to two years. This extension applies to those who took out the loan between 2019 and 2021, setting the new deadline for 1 July 2026.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Hungary with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Hungary, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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