List of conditions For foreigner retail clients Regarding Overdraft Valid from 15 th July, 2013
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1 1. Conditions of credit line: List of conditions For foreigner retail clients Regarding Overdraft Valid from 15 th July, Opening current account 1 2. Regular income credit on current account at least 3 times 3. Valid authorization on direct debit or standing order connected to KDB account 2. Interest rates, fees, costs related to credit line: Due Date Currency of loan: HUF EUR Annual interest rate (fixed): 19.50% Commitment fee: Only for application presented after 24 th February % 12 th day of every month or on the first workday after Annual Percentage Rate of charge (THM): % 24.11% (EUR) Minimum amount: HUF 50,000 EUR 180 Maximum amount: 3 HUF 700,000 EUR 2,500 Period: Disbursement fee: 1 year (extendible) Free of charge Yearly handling fee: 1 % min. HUF 2,000 At set up/ prolongation Default interest rate: Transaction interest + determined default interest in Civil Code 4 Overdrawn interest rate: 5 21 % 1 Conditions regarding current account opening, terms and fees can be found in effective List of conditions for private persons. 2 The APR was determined on basis of the present conditions and valid legal regulations and subject to change in case of existing conditions modification. The basis of APR calculation is overdraft with the amount of HUF 375,000 with 1 year tenor. The value of APR does not reflect the exchange rate and interest rate risk of the loan. The basis of APR calculated on the overdraft: Amount of loan: HUF 375,000 Period: 1 year Yearly interest rate: 19.50% Account maintenance fee: HUF 259 /month Yearly handling fee: HUF Monthly installment: Total fee of loan: HUF 455,994 HUF 6,178 interest /month (in case the whole credit line is continuously used), the principal payment at maturity: 375,000 Ft 3 The amount of the credit-line depends on the client classification. 4 According to (3) in chapter 301 of Civil Code the client is manner to pay in addition to loan interest a default interest equal to Contractual interest rate + one third of NBH base rate - if the debt must be fulfilled in a foreign currency, the currency of the base rate set by the issuing central bank or money market rates in default of that - valid on the first day of the half year in which the delay occurred, but altogether not less than the level of base rate. 5 Interest rate calculated for overdrawn amount 1
2 KHR query: Other coasts: Account maintenance fee The KHR query is free of charge. HUF 259 /month EUR 1/month Accordingly unless it is provided otherwise by law financial organizations shall be entitled to unilaterally modify the interest, fee and cost in the loan contract or financial leasing agreement concluded with the consumer, in case any of below listed conditions affecting the particular service have changed. Change of the legal, regulatory environment a) Changes in the laws, by-laws, regulations or in the decrees of the MNB, or in other rules compulsory for the creditors related to their activities or operating conditions closely and directly associated with the legal terms stipulated in the loan contract or financial leasing agreement; b) Changes in the public dues (e.g., tax) related to the creditor s activities closely and directly associated with the legal terms stipulated in the loan contract or financial leasing agreement, and changes in the minimum reserve requirements; c) Change in the amount or fee of the obligatory deposit insurance. Change in the money market conditions and the macro-economic environment - Change in the cost of funds available for the creditor / changes in the opportunities to raise funds on the money market, thus especially, but not limited to, changes in the following factors: - the credit rating of Hungary, - the sovereign risk premium (credit default swap), - the base interest rate, the repurchase and deposit interest rates of the MNB, - the inter-bank money market interest rates / loan rate, - shift of the yield curve of the bonds issued by the Hungarian State or the creditor and the swap yield curve relative to each other, - the yield of publicly issued securities ensuring refinancing or the risk rating of the issuer of the securities by a recognized independent credit rating agency, or the costs related to such rating, - the interests on the customer time deposits with the creditor. Changes in the customer s risk rating a) Reclassification of the customer or the credit transaction to another risk category based on the creditor s asset rating policy in compliance with applicable statutory regulations, or the creditor s internal debtor rating policy especially if the customer s financial position, solvency and stability changed if the reclassification into a new risk category justifies the modification of the rate of impairment and the risk premium applied. b) Changes of risks associated with loan facilities and/or customers of identical risk category based on the creditor s asset rating regulations in compliance with applicable statutory regulations, or the creditor s internal debtor rating regulations if the change of risk in the given category justifies the change of the rate of impairment, and therefore also the risk premium applied. The bank shall make the unfavorable, unilateral modification available to the public in Announcements, at least sixty days prior to the effective date of the modification in Branches open to customers as well as on the web site further more informs directly the clients in a letter. In case the client doesn t accept the modification, shall be entitled to cancel the contract free of charge immediately or latest by the due date of modification. In this case the Bank shall count with the amount of interest, fee, cost and default interest before the modification. 2
3 Product Description Overdraft for foreigner retail clients Valid: from 15 th July, 2013 to the next official change Dear Customers, Please be kindly informed that our Bank has joined the Code of Conduct, the regulations of which are mandatory for the Bank from 1st December, Also call Your kind attention to the Financial Supervisory Authority's consumer protection homepage and product descriptions, comparing applications contained therein. Homepage: 3
4 Content 1. Loan Purpose Entitled for the loan Tenor Amount of the overdraft Determination of the overdraft amount Fees, costs, interests Further requirements Conditions of application... 6 Our branches
5 1. Loan Purpose The overdraft is suitable for satisfying the Client s temporary financial difficulties. It may applicable with free purpose, in HUF or EUR. We provide it for those clients whose current account with our Bank regular income arrives on, but have liquidity problem temporarily. The overdraft is available automatic by revolving way (within the determined credit line). 2. Entitled for the loan The loan applicant can be foreign individual at least 18-years-old who opens a retail current account with our Bank. 3. Tenor The tenor of the overdraft is 1 year from the opening of the credit line. The loan and its due interests should be repaid at maturity if it is not prolonged. In case the loan is problem free the credit line can be prolonged. 4. Amount of the overdraft Minimum of the overdraft is HUF 50,000/EUR 180; the maximum is the average of the last 3- months net income (which are transferred to the current account) but at most HUF 500,000/ EUR Determination of the overdraft amount The Bank determines the credit line amount by means of client classification system taking into consideration his/her financial situation and the Client s financing limit determined by internal regulations of the Bank. 6. Fees, costs, interests The conditions for overdraft, interests, costs, types of charge, the calculation method, amount and due date of the applicable List of conditions for private persons - Regarding the current account credit line can be found in open areas of the branches or on our website. 7. Further requirements - May be applied by any capable domestic or foreign individual at least 18-yearsold, - Current account with KDB Bank, - Monthly regular income credit (salary, pension, royalty, other monthly-regular credits) at least 3 pieces on the account, - The Applicant is not on the debtor list of KHR system, - The Applicant has no defaults with KDB Bank, - The Applicant has at least 1 valid direct debit or standing order authorization, - Absolute surety 5
6 8. Conditions of application - Filled in loan application form, - Passport and residence permit, - Tax no, if any, - Original income certificate not older than 15 days. Further documents could be necessary in course of the loan review. The above data are of indicative character, the Bank reserves the right for modification. For detailed information please turn to one of our branches. 6
7 Our branches Branches in Budapest: KDB Head Office 1054 Budapest, Bajcsy-Zsilinszky út Phone: (1) Fax: (1) Astoria Branch 1088 Budapest, Rákóczi út 1-3. Phone: (1) , Fax: (1) Bartók Branch 1115 Budapest, Bartók Béla út Phone: (1) Fax: (1) Orczy Branch 1086 Budapest, Dobozi u Phone: (1) Fax: (1) Pesterzsébet Branch 1201 Budapest, Széchenyi u. 1/A. Phone: (1) , -4084, Fax: (1) Váci Branch 1052 Budapest, Piarista köz 1. Phone: (1) Fax: (1) Countryside branches: Debrecen Branch 4025 Debrecen, Hatvan u Phone: (52) , -636, -637, -638 Fax: (1) Dunaújváros Branch 2400 Dunaújváros, Devecseri Gábor u. 4. Phone: (25) Fax: (1) Branch s opening hours: Monday-Thursday: , Friday: KDB Contact: (40) Callable from foreign country: +36 (1)
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