We still get a lot of questions about settling foreign currency loans. Therefore, we feel the need to address these in a separate article now and describe everything we know so far. Namely, the first lawsuits will begin tomorrow in which banks are trying to defend their unilateral contract changes. Before that, it is worthwhile for everyone to know clearly what exactly applies to their contract and what does not.
Which is sure!
The exchange rate applied to foreign currency loans is null and void . Outside transmitter corridors requesting preferential exchange rate végtörlesztők and the Device Manager help everybody returned (hereinafter referred to and present case, the term “returned” means that the bank should reduce the extent of the debt, if there is no backlog in the direction of the banks, which will be paid compound basis this amount) is the overpayment due to the exchange rate gap.
In addition, the bank should calculate as if it had never used a currency margin, meaning that it should recalculate the original debt and always account for overpayments as a current capital repayment. This methodology obliges banks to repay even more than the interest rate. I wrote more about this here .
If you no longer have a contract with the bank, the money will come back
Even if you no longer have a live contract with the bank, the money will automatically be returned. That is, even if you do not even keep an account there. Since there is no time bar in this case, virtually all retail foreign currency loans will be repaid, depending on the exchange rate margin the bank applied. If you no longer have a contract with your bank, you may want to visit a bank branch as soon as possible so that we can reconcile your data and make sure we get your money.
Even with a car loan or leasing, the money comes back
By law, not only the apartment, but also mortgages and car loans are reimbursed. Even with a leasing contract. With the exception of corporate loans, therefore, cash is repaid if the foreign currency or foreign currency-denominated loan is not settled at mid-rate.
Will I still have money to recover?
Yes, even if we are over the recovery phase, we still have money to pay. Even for those who are late. However, it is important to pay late interest and fees on this, which can take away the money in its entirety. So it is not worth paying the installment just because all the money will be returned anyway, even if we expect our debt to be extinguished.
Can more money come back?
The courts will begin tomorrow in which they will finally decide whether or not the banks’ unilateral amendments to the contract have so far been invalid. That is, whether the interest rate increases were legal. Banks that do not sue or lose in court will also have to repay overpayments due to interest rate increases. They are probably also accounted for under the above rules, ie as a capital repayment at all times. Depending on the bank and the contract, debtors may receive many times the amount due in exchange rate margins due to interest rate increases. So there is more to wait for.