Interior Design School Review

Main Menu

  • Home
  • Interior Design Loans
  • Designer Reviews
  • Interior Design
  • Architecture and Finance
  • Capital

Interior Design School Review

Header Banner

Interior Design School Review

  • Home
  • Interior Design Loans
  • Designer Reviews
  • Interior Design
  • Architecture and Finance
  • Capital
Capital
Home›Capital›Good Finance Calculation for Baby Loans

Good Finance Calculation for Baby Loans

By Macie Vincent
July 6, 2019
0
0

Little is known about the credit assessment so far: what is available is the baby loan regulation. This states that banks determine creditworthiness in accordance with their own internal regulations.

Under the regulation, loan applicants must also comply with the Good Finance regulations , which will become stricter when the baby loan is launched, on July 1st.

Find out about the terms of your baby loan and check if you qualify for the $ 10 million interest-free loan!

What exactly does Good Finance mean?

What exactly does Good Finance mean?

Good Finance stands for Income- Based Repayment Indicator . It is a part of the debt control system developed by the National Bank of Hungary (MNB), the main objective of which is to prevent over-indebtedness of the population. The Good Finance must be examined for any loan over $ 200,000, so it should be taken into account in the credit assessment of a baby loan.

The Good Finance-related change was already known in the October last year amendment, while the details of the baby loan were published in the March 12, 2019 Hungarian Bulletin.

Good Finance calculation for baby loan

Good Finance calculation for baby loan

So it is certain that the income-to-repayment rate will apply to couples in need of a baby loan, but how this will be applied by banks is still unclear, as it is a 5-year floating rate loan without interest subsidy.

Banks will take into account the couple’s existing loans, even though they are only named, when applying for a loan , as they can only apply jointly for a baby loan . Banks should take into account existing:

  • personal loan,

  • car loan

  • mortgage loan

  • CSOK credit,

  • POS,

  • credit card contract,

  • overdraft facility,

as well as any related financial burden. Of course, only certified legal income can be included in net income.

The couple’s net income counts

The couple

According to the decree, the claim can only be filed by married couples, which means that when applying, the bank will examine the income conditions of both parties. The Good Finance calculation must take into account both the verified primary and secondary income of the couple.

Related posts:

  1. Planning my mortgage loan
  2. Buying a Car on a Payday Loan – Discover the Opportunity!
  3. Which loan is worth choosing?
  4. Home Savings or Home Loans? Both!

Categories

  • Architecture and Finance
  • Capital
  • Designer Reviews
  • Interior Design
  • Interior Design Loans

Recent Posts

  • The airplane seat with headphones installed in the headrest
  • Coastal Grandma, Y2K and More
  • Applications invited for members of the Physical Planning Authority
  • The Sims 4 Interior Designer Career Guide
  • THE 2022 Show: Astell&Kern KANN MAX DAP

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • July 2020
  • May 2020
  • November 2019
  • September 2019
  • August 2019
  • July 2019
  • Privacy Policy
  • Terms and Conditions