Of course, here at MentoBank we also compare the offers of the savings banks in addition to deposits. As with our other calculators, you now have the most transparent, yet customizable way to choose from provider offers to help you fulfill your home dreams as soon as possible.
We are not going to go into details about the most important features or benefits of housing funds since many people already know this and would like to save it in the same way. With our calculator, you can now find the best deal for your needs.
You decide how you choose!
We did not split our calculator in vain. Many people want to open a home savings account because of the 30 percent state subsidy, so they don’t even know how much they need, just see how much they can put aside. But if you already have ideas, you can count on “Received Amount,” which you can spend entirely on your new home.
Whatever you choose, you can sign multiple contracts, one per family member. Together, they could set aside up to HUF 100,000 a month for the same housing purpose, supplemented by HUF 30,000 from the state.
After saving at least 4 years and up to 10 years, you can get a discounted home loan, which is very favorable compared to market loans, as the installment is fixed throughout the term, and if you want to repay your debt, you can do it for free at any time.
However, it is worthwhile to decide in advance whether to apply for such a loan, as savings and credit products differ greatly. Fortunately, you can easily compare these with us.
Choose the best!
There are several ways to sort your products by choosing from a variety of savings options. We recommend that you make your first choice based on EBKM or APR as this is the basis for comparing the actual yield of your savings or the real cost of your loans.
By clicking on all payable tabs, you can see in detail how much government support you will receive, how much you will have to pay, how much interest you will have and how much your installment will be.
How to get the best return?
Since state support only applies to your current payments, you should choose the product with the shortest maturity to maximize your return. If you need a larger sum, you can sign a contract on behalf of more than one family member, which you can use for housing together.
Want to make as much money as you can?
You can also get a $ 5 million loan with a 6% APR if you are willing to set aside $ 50 for 10 years. With a shorter maturity, the cost of the loan is slightly higher, but there is no big difference compared to deposits, so we recommend that you try to save as much as you can each month, even on several contracts, rather than on maturity.
You can also see the credit details in our table. The values listed here will not change, as home loan loans are all fixed installments, so even if interest goes away, you will pay back that much.