The Otthon Start home loan is a state-subsidised scheme where the state sets the interest conditions — so the interest rate and the THM (the Hungarian APR) are practically the same at every bank. So how should you choose a bank? By the bank announcement campaigns. In July 2026 every bank offers a different credit, fee waiver and extra service during the campaign period, and over 25 years these differences can amount to as much as HUF 600,000.
What is the same everywhere?
The Otthon Start scheme provides a state interest subsidy, so the following parameters are identical or very close at every participating bank:
- Interest period: 5 years
- Term: 25 years (300 months)
- Annual interest: 2.75–3.00% (minor, bank-dependent variation)
- THM: 2.83–3.15% (the difference comes from upfront costs and credit campaigns)
So if you only look at the monthly instalment, there is hardly any difference. The real difference is in the bank announcement campaigns.
The Bank Announcement Campaigns — Where Everything Is Decided
Every bank sets out in its announcement what discounts it gives alongside the Otthon Start loan. These usually fall into three categories:
- Credit campaigns: the bank credits money to your account when the loan is disbursed
- Fee waivers: valuation, mortgage registration, land registry extract, notary — taken over by the bank
- Extra services: account package, insurance, early repayment discount
9 Banks' Announcement Campaigns — A Detailed Comparison
1. Credit Campaigns (Campaign Period)
This is the biggest item — banks credit between HUF 50,000 and HUF 340,000 if you meet certain conditions.
| Bank | Credit | Condition | Campaign end |
|---|---|---|---|
| MBH Duna | HUF 340,000 | MBH account + HUF 250k monthly credit + Fundamenta LTP (home-savings plan) + CIG home insurance | 31 July 2026 |
| Erste | HUF 280,000 | Active Erste account + UNION home insurance + Erste Protection (3 years) | Until withdrawn |
| MBH Standard | HUF 260,000 | MBH account + HUF 250k monthly credit + Fundamenta LTP | Until withdrawn |
| UniCredit | HUF 250,000 | No conditions (loan drawdown only) | 31 July 2026 |
| K&H | HUF 240,000 | K&H account + K&H home insurance + repayment insurance (3 years) | Until withdrawn |
| MagNet | HUF 200,000 | MagNet bank account + HUF 10M loan | Until withdrawn |
| CIB | HUF 200,000 | Loan acceptance by 30 September 2026 | 30 September 2026 |
| Raiffeisen | HUF 200,000 | Existing bank account (does not have to be Raiffeisen!) | 30 September 2026 |
| OTP | HUF 50,000 | OTP account + digital application + 5 card purchases | 31 October 2026 |
Tip: The UniCredit HUF 250,000 comes with no conditions — no insurance to take out, no account to open. But the acceptance deadline is 31 July 2026, so hurry if you choose it.
2. Waived Upfront Costs
This is the second most important factor — some banks take over everything, at others you pay out of pocket.
| Bank | Valuation | Mortgage registration | Land registry extract | Notary | Total upfront |
|---|---|---|---|---|---|
| CIB | HUF 0 | HUF 0 | HUF 0 | Refunded | HUF 0 |
| Raiffeisen | HUF 0 | HUF 0 | HUF 0 | Refunded | HUF 0 |
| MBH Duna | HUF 0 | HUF 0 | HUF 0 | HUF 0 | HUF 0 |
| MagNet | HUF 0 | HUF 20,000 | HUF 0 | Refunded | HUF 20,000 |
| K&H | HUF 0 | HUF 20,000 | HUF 0 | Refunded (max HUF 40k) | HUF 20,000 |
| Erste | HUF 0 | HUF 20,000 | HUF 0 | Refunded (max HUF 50k) | HUF 20,000 |
| UniCredit | HUF 0 (max HUF 63,500) | HUF 20,000 | HUF 9,600 | Refunded (max HUF 50k) | HUF 34,600 |
| OTP | HUF 35,000 (!) | HUF 20,000 | HUF 9,600 | Refunded | HUF 69,600 |
CIB, Raiffeisen and MBH Duna are the only three banks where the bank also takes over the mortgage registration fee. That is a saving of HUF 20,000.
3. Extra Services and Early Repayment
The third difference lies in long-term flexibility — on what terms you can make an early repayment after 5 years.
| Bank | Early repayment fee | Special advantage |
|---|---|---|
| CIB | Max HUF 150,000 cap + 2 fee-free | Unique: even a multi-million early repayment costs at most HUF 150k |
| MagNet, MBH, OTP | Max HUF 100,000 | Moderate flexibility |
| K&H, Erste, Raiffeisen | HUF 0 with the Hitelnet discount | Completely fee-free after 5 years |
| UniCredit | HUF 0 (promotion) | 1x fee-free after 5 years |
Net Cost — How Much Do You Save with the Campaigns?
If you trigger every bank announcement campaign (credit + fee waiver), the total cost over 25 years works out as follows:
| # | Bank | Net cost (25 years) | Biggest advantage |
|---|---|---|---|
| 1 | MBH Duna* | HUF 13,846,940 | Highest credit (HUF 340k) + HUF 0 upfront |
| 2 | MagNet | HUF 13,756,400 | Lowest THM, simple conditions |
| 3 | Erste | HUF 13,966,600 | Highest credit with conditions (HUF 280k) |
| 4 | MBH Standard | HUF 13,989,274 | HUF 260k credit + MBH account |
| 5 | K&H | HUF 14,006,600 | Summer account campaign +HUF 100k |
| 6 | CIB | HUF 14,012,500 | HUF 0 upfront + HUF 150k early repayment cap |
| 7 | Raiffeisen | HUF 14,026,600 | HUF 0 upfront + summer account campaign +HUF 100k |
| 8 | UniCredit | HUF 14,108,100 | HUF 250k with no conditions (but a 17-day deadline!) |
| 9 | OTP | HUF 14,380,900 | Most expensive — not recommended |
*MBH Duna: for employees of Audi Hungária Zrt., with an employer interest discount.
Which Bank Do We Recommend for Whom?
If you want no strings attached → MagNet
MagNet credits HUF 200,000 on a simple condition (bank account + HUF 10M loan), has the lowest THM (2.83%) and no insurance requirement. The net cost is HUF 13,756,400 — the best offer with no conditions.
If you want the most money back → Erste or MBH
Erste gives HUF 280,000 (HUF 200k account + HUF 40k home insurance + HUF 40k repayment insurance), but you must keep the insurances for 3 years. MBH Duna gives HUF 340,000 if you work for Audi.
If you want HUF 0 upfront cost → CIB or Raiffeisen
Both banks take over everything (valuation, mortgage, land registry extract, notary). CIB's unique advantage is the HUF 150,000 early repayment fee cap — if you want to repay a larger amount after 5 years, this saves a great deal.
If it is urgent → UniCredit
HUF 250,000 credit with no conditions, but the acceptance deadline is 31 July 2026. If you have not applied by then, you only have days left.
Summary
Otthon Start home loan rates are the same everywhere — the difference comes from the banks' announcement campaigns. The credit campaigns, the waived upfront costs and the early repayment terms together can mean a difference of as much as HUF 600,000 over 25 years. Always ask a loan broker for help — someone who knows every bank's current announcement and can help you pick the best offer.
