The monthly credit obligation is payable to the debtor’s bank account of the type specified in the loan agreement or specified in the loan agreement and opened after signing the loan agreement. The required monthly credit obligation can be met by multiple credits. The required monthly credit obligation cannot be met by cash deposit or transfer between the debtor’s own bank accounts. The first verification of the credit will take place on the last day of the third calendar month following the disbursement. Further checks shall always take place on the last day of the third calendar month following the previous check. Under the terms effective as of August 16, 2019, the interest rate discount on ACTIVE120 is 8% of the standard Annual Transaction Interest Rate. The interest rebate will be payable until the end of the term on ACTIVE120 upon a monthly payment of HUF 120,000. If the monthly credit obligation is not met at least twice during the first three months, at least twice for the next three calendar months, the counterparty loses the interest rebate and the interest is converted to the standard transaction rate.
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For example ACTIVE120 Interest Discount: Total Amount: $ 3,000,000, Maturity: 60 Months, Loan Type: Fixed, Loan Rate: 10.99%, APR: 11.73%, Monthly Repayment: $ 65,441 The fee, commission, fee and tax included in the total fee of the loan are HUF 926,453, the total amount payable during the term: HUF 3,926,453. The APR does not include the cost of the bank account as the bank account is not a condition for concluding the loan agreement.
The stated THM value was calculated taking into account the HUF 500,000 3-year maturity and the HUF 3,000,000 5-year maturity plus the AKTIV120 interest rate discount. The detailed terms and conditions of the Siba Promoter Personal Loan are contained in the General Retail Business Terms and Conditions, the Special Business Terms and Conditions for Loan Unsecured Credit and Loan Agreements for Consumers and the List of Conditions for Siba Promoter Personal Loans of FX Domestic Individuals at Siba Website at the Siba branch.
If you apply on our website
Our personal loan specialist will call you back within 1 hour and answer your questions. Please be advised that our staff will process and execute callback requests on business days between 9am and 6pm. Thanks to our quick phone pre-assessment, you can find out how much credit you are eligible for in 10 minutes. During the pre-Siba Credit Line assessment, based on the information provided by the inquirer, the terms and conditions of the Siba Promoter Personal Loan and the creditor’s income status will be examined if there is any discrepancy between The Bank reserves the right to evaluate the credit.