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36% of moratorium participants not ready to restart instalments

Banking

Around 36% of retail borrowers participating in Hungary's blanket repayment moratorium still don't know when they can start making installments on their loans again, state news wire MTI reports, citing a survey commissioned by Intrum.

About 47% of the borrowers who responded to the representative survey had participated in the moratorium, while 27% of those participants had already restarted their installments.

The blanket moratorium will end on October 31, after which time participants will be limited to families raising children, pensioners, job-seekers and fostered workers in the period until the end of June 2022.

Around one-third of the respondents to the survey conducted for Intrum by Scale Research said they have enough savings to live off for just one month.

Almost one-fourth said their savings would last for 1-2 months, and one-fifth said they could support themselves independently for 3-5 months.

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