We pay special attention to providing as many opportunities as possible for our employees to benefit from employee discounts. In addition to special account management packages and discounts at more than ten companies, you can still apply for interest-free home loans.
The Hankook Employer Home Loan Program was created to help colleagues with their goals of creating a home of their own. The interest-free employee loan is available to all employees who have been with the company for at least 3 years and meet the program’s criteria. In addition to the legal requirements, we have tried to set out the conditions for applying for the loan in a way that will provide as much help as possible.
The most important things to know about applying for a loan:
- Available amount for loan: min. 1,000,000 – max. 5,000,000 HUF/person
- Term: 18 – 120 months (1.5 – 10 years)
- Loan interest rate: 0.0%
- Loan collateral and loan disbursement condition: registration of the employer’s mortgage on the property covered by the loan
- Eligible loan objectives:
- purchase of real estate
- repayment or final repayment of an existing housing loan
- Loan application conditions:
- legal capacity
- Hungarian citizenship
- Minimum 3 years of employment with Hankook
- Credit disbursement method: through a financial institution (Raiffeisen Bank branch in Dunaújváros)
- Start of repayment: 3 months after the loan disbursement
- Method of repayment: monthly, by payroll deduction
- Method of application: in person, by submitting the Loan Application Form and other documents required for each loan purpose (see details in the Rules)
It is important to point out that, due to the legal limits, the employer loan can only be used to finance real estate classified as residential property (apartment, detached house, yard), for the purchase of which the applicant must have at least twenty percent of the purchase price as a down payment. A further important criterion is that the property for which the loan is granted must be located in an inland area, and that it is not possible to finance a holiday home or a property in the countryside.
In the case of loan redemption, only mortgage loans taken out for housing purposes can be repaid and not personal loans for free use.
An excellent example of the success of this programme is that since its launch in 2019, the employer has contributed almost HUF 200 million to the housing goals of more than 50 colleagues, and the number of employees’ interested in the programme has not diminished over the years.
You can find the detailed rules of the Loan Program and the application form for the loan in the Common/Public/MUNICIPAL LOAN_HOUSING LOAN folder of the shared drive.
For further information, please contact Attila Bánhegyesi (06 25 556 093) or Maria Kordics (06 25 556 021) of the General Affairs Unit.