Another interest rate reduction in the Széchenyi Card Program

The annual fixed net interest rate (to be paid by the customer) of the program’s liquidity-promoting products is reduced from 4.5% to 3%. This change affects the Széchenyi Liquidity Loan MAX+ and the Széchenyi Card MAX+, Széchenyi Tourism Card MAX+ schemes, so that all products, except for the Agrár Széchenyi Card, can be obtained at a uniform, predictable, net interest rate of 3%. 

This interest rate reduction is a significant advantage for the domestic micro, small and medium-sized enterprise sector. The more favorable interest rate environment has an incentive to take out loans, as maintaining liquidity and stabilizing their operations has now become even more affordable for companies. Businesses can access freely available working capital loan opportunities more simply and in a more predictable manner, thereby providing a preferential source of support for their daily operations, which can directly contribute to their growth and market competitiveness.

Thanks to the above measure, access to freely used subsidized loans under the Széchenyi Card Program has become even more favorable and predictable, so from now on, the Széchenyi Card Overdraft, the Széchenyi Tourism Card and the Liquidity Loan can also be obtained at a fixed, annual net interest rate of 3%. As a result of the current interest rate change, the financial expenses of enterprises will also be significantly reduced for these loan types, which will help increase their profitability and allow them to respond more quickly to market opportunities through the improvement of their liquidity position. The interest rate reduction will therefore not only provide assistance in the short term, but may also contribute to the stability and further development of the SME sector in the longer term.

Source: trademagazin.hu