Information about the moratorium
In respect of the contracts specified in Government Decree no. 47/2020 (III. 18.) on the immediate actions necessary to mitigate the effects of the coronavirus pandemic on the national economy – repealed upon cessation of the state of danger – or in Act LVIII of 2020 on the transitional rules and epidemiological preparedness related to the cessation of the state of danger enacted in accordance with the said decree, our bank grants deferral of debt servicing (principal, interest and fee payments) in the following manner: our retail and corporate customers will be granted a deferral until 31 December 2020, while certain priority social groups and businesses in financial difficulties, as defined in Act CVII of 2020 on transitional measures implemented to stabilise the situation of certain priority social groups and enterprises in financial difficulties, will be granted a deferral until 30 June 2021.
Contracts covered by Moratorium 1 that would have expired by 31 December 2020 during the period up to 31 December 2020 will not expire by 31 December 2020. Repayments under Moratorium 1 are automatically suspended in accordance with the statutory regulation.
It is important, however, that if you have previously placed a standing inter-account transfer / transfer order to repay the instalments, you must withdraw it, as these will not be cancelled automatically! In the event that you avail yourself of the moratorium, but have not yet withdrawn your standing inter-account transfer order from the current account held with CIB Bank for loan repayment, the amount transferred under your order will be credited to your account.
We provide an opportunity for our customers to continue to pay the affected loans and leasing transactions if they wish. You can find all the details by clicking on “Options for declaration-making" at the top of the page.
More information on changes concerning leasing agreements and the related tasks, if any, are available in the related documents at the bottom of the page in the information for leasing customers.
New loan contracts
At CIB Bank, you can apply for a mortgage loan, a CIB 'Előrelépő' Personal Loan or a prenatal baby support loan.
According to the relevant statutory regulations, until 31 December 2020, in the case of loan products not secured by mortgage, the annual percentage rate may not be higher than the central bank base rate + 5%.
In the case of credit cards and overdraft facilities, on a temporary basis, new applications cannot be accepted.
Inquiring customers may provide their contact information so we can contact them as soon as the products become available. Thank you for your understanding!
What do I have to do if my loan is secured by Loan Repayment Insurance?
The deferral of payment does not apply to insurance premiums, so these must be still be paid in order to ensure that the insured relationship is not cancelled. If you decide to avail yourself of the moratorium and stop paying the instalments any further, you will still have to pay the insurance premium. To maintain the continuity of the premium payment, please continue to transfer or pay the insurance premium to your account used for loan repayment or ensure that the insurance premium is available in your current account on the due date of your loan repayment, so that we can deduct it.
Information on the practice of forwarding data to the CCIS
The moratorium also affects how CIB Bank and CIB Leasing handle overdue debts, furthermore, the transfer of data to the CCIS has been modified taking into account the statutory requirements. Details can be found at the bottom of the page in the material entitled CCIS Information available in the related documents.
1 Act LVII of 2020 on transitional rules and epidemiological preparedness related to the termination of the state of emergency.