We have pre-approved Finance Packages from several hungarian leasing companies (Erste leasing, Unicredit leasing, CIB leasing, Hypo-Alpe Adria leasing and OTP leasing) for “The Gardens” project, District 13, Budapest, Hungary.
Together, we are pleased to announce our special Hungarian financing products designed for foreign nationals looking to finance the purchase of their overseas property investments.
Conditions for open-end financial leasing
Maximum Leasing:
Interest Rate:
Maximum Term:
Final balloon payment:
Interest only:
Leasing arrangement fee:
Valuation fee (a valuation required by bank)
Stamp duty:
Portfolio property insurance:
Early re-payment:
* Indicative only.
85% LTV
6% Euro presently*
Fixed rates for first 3 - 6 months
25 - 30 years
up to 30%
6 ~ 24 months
1.5 % of leasing amount
Included in the order form.
2 % on 4 Million HUF and 6 % on the amount above (this can be built into the finance package).
Included in finance package.
1.5% - 3% redemption fee.
Features of Product
Very high leasing amount ~ 85% LTV.
Agreement in principle for financing within 3 working days after receiving full application from Cretum Ltd.
No need to personally be in Hungary for leasing process.
Documents required
Individual non-resident foreigner
Completed leasing application.
Copy of Passport.
Copy of Pre-Sale & Purchase contract, with floor plan.
Certification of the client’s income (by the employer, or local tax authority).
Bank statement account for the last 6 months.
Proof of 15% deposit payment made (bank statement/developer receipt).
If the client does not want to come here to sign the contracts we need a proxy.(Countersigned by the consul or apostilled and OFFI translation).
Also they need to give a proxy or power of attourney address for delivery.
Company
Completed leasing application.
Specimen of signature.
Copy of the register.
Memorandum of the association.
Annual reports (2 closed years), preliminary balance and ledger for 2007. (Finance available to new companies).
APEH 0 certification.
Next step:
Complete our on-line finance application form (on this website) and obtain an agreement in principal within just a few days.
