Fizetesi Moratorium Kalkulator
The payment moratorium calculator shows exactly how deferring loan payments affects your total interest cost, the length of your loan, and your post-moratorium balance. Enter your loan details and moratorium length to see the deferred interest, the term extension, the difference in total cost, and a full amortization schedule for both scenarios side by side.
What is a payment moratorium?
A payment moratorium (fizetesi moratorium) is a government-mandated or lender-agreed period during which borrowers are permitted to suspend their loan repayments. Hungary introduced a statutory moratorium in March 2020 under Government Regulation No 62/2020 in response to the COVID-19 pandemic. It applied to virtually all loans disbursed before 18 March 2020, including home loans, personal loans, car loans, and Baby Bond credit. The moratorium was extended several times, with a general deadline of 31 October 2021 and a further extension to 30 June 2022 for vulnerable groups such as pensioners and parents. The scheme finally ended on 1 January 2023.
How does deferred interest work?
During the moratorium, borrowers stop making monthly payments but the loan balance continues to accumulate interest at the contracted annual rate. Under the Hungarian regulations, this interest is NOT capitalised onto the principal, which means the bank cannot charge compound interest on it. Instead, the accumulated interest is repaid in equal monthly parts alongside the resumed instalments, and it does not itself bear interest at any point. Because that share has to fit inside the payment, the term is stretched until the principal instalment plus the deferred share is no larger than the original instalment. The monthly payment therefore never rises, but the loan runs longer, and the final maturity moves out by more than the length of the moratorium. The total extra cost is the deferred interest itself plus the additional interest the principal accrues over the stretched term.
When does the moratorium actually cost money?
The moratorium is not free. Because interest continues to accrue on the full outstanding balance every month you are in the scheme, the total amount you eventually repay is higher than it would have been with normal repayments. The longer the moratorium, the larger the balance at the end of the deferral period, and the more additional months the bank needs to add. For a 10-million-forint mortgage at 5% with 20 years (240 instalments) left, a 12-month moratorium defers 500,000 HUF of interest, adds about 14 instalments beyond the original term (so the payoff date slips roughly 26 months) and lifts total interest from about 5.84 million to about 6.73 million HUF, an extra cost near 890,000 HUF. Whether this extra cost is worth the short-term liquidity depends on what you do with the freed cash - if you can invest it at a higher return than your loan rate, the moratorium can be financially beneficial.
Capitalised vs. spread deferred interest
There are two broad approaches to handling deferred interest. The Hungarian government required the spread method: interest accrues, is not added to principal, and is absorbed through a term extension at the same instalment. Some international or private moratorium arrangements use capitalisation instead: interest is added monthly to the principal balance, which then grows throughout the pause. After a capitalised moratorium the balance is higher, which means future instalments must rise or the term must extend even further. This calculator lets you compare both approaches so you can model whichever applies to your specific loan contract.
Hungarian Payment Moratorium - Key Rules
| Rule | Detail |
|---|---|
| Eligibility cutoff | Loans disbursed before 18 March 2020 |
| Initial moratorium end | 31 December 2020 |
| General extension | 31 October 2021 |
| Vulnerable group extension | 30 June 2022 (by request) |
| Interest capitalisation | Prohibited - interest accrues but is NOT added to principal and bears no interest itself |
| Post-moratorium instalment | Cannot exceed the pre-moratorium amount, so maturity extends by more than the pause |
| How deferred interest is repaid | Equal monthly parts alongside the resumed instalments; term extended to fit |
| Extra fees / penalty | Banks may NOT charge additional costs for the deferral |
| Applicable loan types | Mortgages, personal loans, Baby Bond, business loans |
Summary of Government Regulation No 62/2020 and its extensions governing the 2020-2022 Hungarian loan payment suspension.
Frequently asked questions
Does the Hungarian moratorium waive my interest?
No. The moratorium only defers payments - interest continues to accrue on your outstanding balance every month at your contracted rate. The accrued interest is not written off. It is collected later through an extended loan term. You pay the same monthly instalment as before but for more months.
Will my monthly payment increase after the moratorium ends?
Under Hungarian Government Regulation No 62/2020 the monthly instalment after the moratorium cannot exceed the pre-moratorium amount. Banks achieve this by extending the loan term rather than raising the payment. Your instalment is protected, but your loan runs longer.
How many extra months does the moratorium add to my loan?
The extension depends on your balance, interest rate, and how long you stayed in the moratorium, and it is always longer than the pause itself. On a 10 million HUF mortgage at 5% with 240 instalments left, a 12-month pause adds about 14 instalments beyond the original term, moving the payoff date out by roughly 26 months. This calculator solves for the exact term by stretching the schedule until the resumed instalment plus the equal share of deferred interest fits inside your original instalment.
Is it better to stay in or exit the moratorium?
Exiting saves you the extra interest cost. If you can afford your normal instalment, resuming payments reduces total loan cost. Staying in makes sense if you have an urgent use for the freed cash, if you can invest it at a higher rate than your loan rate, or if your income was genuinely disrupted. Compare the extra interest this calculator shows against any return you can earn on the freed cash.
Does my loan balance increase during the moratorium?
Under the Hungarian spread-interest rules, the principal balance stays flat during the moratorium - interest is tracked separately and is not added to the capital amount. If your lender uses capitalisation (more common in some international contracts), the balance does grow monthly by the accrued interest, which compounds the cost further. Use the selector in this calculator to model whichever rule applies to you.
What loans qualified for the Hungarian moratorium?
All loans and credit agreements disbursed before 18 March 2020 qualified automatically, including home loans (lakashitel), personal loans (szemelyi kolcson), car loans, Baby Bond credit (babavaro kolcson), and most business loans. Credit cards, revolving credit, and new loans taken after the cutoff date were excluded from the statutory moratorium.
Sources
- KPMG Hungary - The details of the payment moratorium have been published (Government Regulation No 62/2020)
- Magyar Nemzeti Bank (MNB) - After the moratorium ends, debtors instalments may not rise
- CMS - New Hungarian law details statutory payment moratorium (deferred interest is not capitalised and does not accrue interest; paid in equal instalments over the remaining term)