The credit moratorium would expire at the end of September. Loan repayments can be suspended from March 18, 2020 due to the epidemic situation, and debtors would have to pay the financial institutions again from October.
Magyar Hírlap , the government would continue to help families and businesses in trouble due to the coronavirus epidemic, so the loan moratorium will be extended by one year.
Those who find themselves in a difficult situation do not have to squeeze the repayment details of their loans into their monthly expenses again, thus they can remain in greater existential security until the Hungarian economy returns to its pre-virus level.
The repayment moratorium can be extended until July 2022, but only those in need will be able to do so, said State Secretary Csaba Dömötör at a joint press conference with Katalin Novák on Tuesday.
Dömötör revealed: 91 percent of those who completed the national consultation, or 1.3 million people, supported the extension of the credit moratorium. The government will publish the detailed results of the consultation in the coming days, and then make a decision on the specific measures, that is, on who will have the opportunity to continue.
The MNB previously warned: only those who really need it should benefit from the possible extension, and those who can, should continue repaying their loans.
