Hungarian National Bank Advises Caution In Borrowing
- 15 Dec 2015 8:00 AM
In the latter two categories, in the majority of cases, service providers charge a THM of 30-40%, the maximum allowed by law.
Consumer credit loan rates are capped at 25.65% by the MNB.
Only one-tenth of lenders actually charge zero interest on personal loans, the MNB said.
Besides looking at THM rates, consumers are advised to compare retail prices, the central bank added.
Source: Hungary Around the Clock
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