Archive December 2019

Get Your Baby Loan Quick

No question that this month was about the Baby Waiting Loan. Since February, many have been waiting for the first of July to finally come and apply for this loan. Well, the fever is slowly going on for a month. So we already have experience. We will share them.

Why do so many people want it?


Because it actually replaces personal loans for many people. The state has provided tremendous benefits to the Baby Waiting Loan within the Family Protection Action Plan . One example is that no cover has to be given because the state has taken on this. Plus, you don’t even have to pay interest.

Not to mention the fact that the first child is born can be suspended for 3 years. At the time of the second child’s birth, and even 30 percent of the debt is released. And after the third child, all credit is gone.

And if that wasn’t enough, a little math. ? We can charge up to 10 million forints and the monthly repayment can not slip over 50 thousand forints per month. Well, that’s why almost everyone wants Baby Loans.

How to get yours fast?


It is important to know that you can only get the Baby Waiting Loan if you are married. And the lady member of the couple is over 18, but not 41 yet. And only if your baby is born within 5 years will the credit remain so superb. If that’s okay, here are some tips!

This is a loan, so certain papers must be submitted to the bank, outside of the loan application form, which is why:

  • Have all your personal documents with you! (identity card, address card, tax card)
  • If you are expecting a baby and the lady is 12 weeks pregnant, take the Pregnancy Care Booklet
  • Don’t forget your income statement

These are important because if you have all the records you have


You can get credit quickly in record time. And the fact that we’re not talking into the air proves that a rural couple had already been given the Baby Waiting Loan on July 1st. Yes, on the day the action started. If you want to prepare carefully, contact us! We help make everything go like a hoop.

What is “Loan and Credit”? – How does the currency market work

“Loan and Credit” is a commonly used abbreviation for “currency exchange market”. With the “Foreign Exchange”. By definition, all Loan and Credit rates refer to the relationship between two currencies, so-called “Currency pair”.

The term “Loan and Credit” is used interchangeably with the abbreviation “FX” . Both terms are correct and refer to the same concept – currency exchange. The term “FX” is more often used in the US, while “Loan and Credit” was until recently widely used in Great Britain and Europe. Professional traders in the USA (in banks and brokers) use the term “FX”, while “Loan and Credit” is the term more often used in the retail market.

Currency exchange literally refers to money

Currency exchange literally refers to money

And more specifically to money in two different denominations. Part of the ‘exchange’ process is to transfer one monetary value in exchange for another. The term ‘currency exchange’ is a transaction in which each party is willing to exchange its money basket for an equivalent amount of money denominated in a second currency. The price at which both parties are willing to exchange is the exchange rate .

The price of one currency converted to another currency is called the ‘rate’ (not the ‘price’). Although the word “price” is just as often used, but incorrectly. This is the only market in the world where instead of the word ‘price’ the word ‘course’ is used. The reason is probably that the word ‘course’ has been used since the Middle Ages to refer to a tariff or tax. Converting one currency to another means applying a ratio or proportion of one currency to another. The commonly used Latin expression ‘pro rata’ comes from the expression ‘pro rata parte’, meaning ‘proportionally’.

What is exchanged on the Loan and Credit market?

What is exchanged on the Loan and Credit market?

Currency exchange refers to two cash baskets, each with its own denomination. A currency exchange transaction can be as simple as buying $ 165 in exchange for £ 100 at the airport exchange office. The exchange rate here is USD 1.65 per British pound sterling.

The order of names in currency pairs is not accidental

Why is the exchange rate not £ 0.6061 per dollar? It is the same exchange rate expressed differently (it is a mutual or 1 exchange rate divided by 1.65). The answer lies in the historical convention of quoting the price of other currencies in terms of how much they cost in pounds. Pound sterling has been a reference currency for centuries until just after World War II. So the main currency against which all other currencies were rated and valued.

After World War II, the US dollar became the reference currency. Thus, most other currencies were valued in terms of the number of units of foreign currency that can be obtained for one dollar.

As a rule, all money not issued by the government is “foreign”. The natural way of perceiving foreign exchange is the question: “How many units of foreign currency can I get for a fixed amount of my national currency?” This is how a tourist or importer perceives foreign exchange. However, because the dollar is currently the reference currency against which almost all other currencies are valued, the dollar is the most important in many currency pairs. Although not all. The first of two names in a currency pair is generally a valid name, and the second is a secondary or weaker name.