In order for you to be able to modify the loan amount and get that amount in the specific semester, you need to submit your request to us by the following deadlines:
- September 30 for the autumn semester,
- February 28 for the spring semester.
The modified amount is transferred to your bank account without confirmation.
To modify the amount log in to the Student Loan Direct website, click Submission forms in the menu, complete and sign the form and then send it to the mailing address of Student Loan Centre (Diákhitel Központ Zrt., 1996 Budapest)
If your request is received past the deadline, we can only transfer the modified amount beginning the following semester.
Available loan amounts:
- HUF 15,000
- HUF 21,000
- HUF 25,000
- HUF 30,000
- HUF 40,000
- HUF 50,000*
*The HUF 50,000 amount is only available for students in the self-financed scheme. For those students in the self-financed scheme who even once requested the highest (HUF 50,000) loan amount, the following modifications will apply to their mandatory instalment amount:
- min. 8% of the minimum wage in the year when repayment begins and the following year,
- from the third year of repayment the monthly repayment amount is 1/12th of the 8% share of the income you had two years earlier.
If someone requested HUF 50,000 but participates in the state-funded scheme, they are not eligible to take out the loan. In this case we transfer the maximum amount available for those in the state-funded system, HUF 40,000, to their bank account.
Note:
Those with jobseeking parents, orphans, or students with one living parent who is a jobseeker, can apply for HUF 50,000 per month if they study in a state-funded scheme and HUF 60,000 per month if they attend a self-financed programme, for a maximum of two terms. Read more about the topic here!
Please be advised that if you opt for the higher amount, you automatically agree to pay a higher instalment. For students in the state-funded system it means 8% of the minimum wage for the first two years of repayment and from the third year on 8% of their average monthly income from two years before. (If the average salary from two years before is less than the minimum wage, then 8% of the minimum wage shall be paid each month as repayment.) For students under the self-financed scheme, the interest rate changes from the 8% above to 9%.
Those who are still eligible for Student Loan but have previously requested the suspension of the disbursement of the loan can resume disbursement. To resume disbursement, log in to Student Loan Direct, then sign and mail the application to the Student Loan Centre (Diákhitel Központ Zrt. 1996 Budapest).
You can get a loan of up to five months per semester (i.e. a full semester). You cannot get a Student Loan for more than one semester retroactively.
Deadline
If your application is received by the Student Loan Centre between the 1st and 15th days of the academic month, disbursement of your loan is resumed from the following academic month. If we receive it between the 15th and 31st day of the month, disbursement resumes in the second academic month. You can only get the loan if you meet the disbursement criteria.
If the Student Loan Centre receives your application by the 15th day of the specific academic month, we transfer the loan amount the following month.
The full loan amount for the academic semester is disbursed retroactively.
You need submit your application by December 15 in the autumn semester and May 15 in the spring semester. If we receive your application later, you can only get your Student Loan starting the following semester.
Example:
If you previously applied for a monthly disbursement of your Student Loan in the amount of HUF 30,000 and now you request the resumption of the disbursement of your loan by October 15, we transfer HUF 90,000 to your account on November 15 and HUF 30,000 for all subsequent months.
You can request the suspension of the disbursement of your Student Loan, which means you can even use the loan for one semester. To suspend disbursement, log in to Student Loan Direct, then sign and mail the application to the Student Loan Centre (Diákhitel Központ Zrt. 1996 Budapest).
Deadline
Disbursement of the loan is suspended from the date specified or from the academic month when your application is received.
If the date specified or the date of receiving your application is fewer than 5 working days before the specified disbursement days, disbursement of the loan is suspended only from the next academic month.
Disbursement is suspended until the date specified on the form or when your request to resume disbursement is received.
How is it possible that I have suspended disbursement of my Student Loan and I still get the money?
If you specify March 1 or October 1 as the beginning date of suspension, you still get the amount for September or February, respectively. Why? Because in each semester, disbursement begins only in the middle of the second month (October and March). This is necessary to allow the Student Loan Centre to check with the Student Affairs Office to make sure that the specific student is enrolled for the semester (one of the conditions for disbursement of the loan is active student status). In the middle of the second month you get the loan amount for both months and if you requested a lump sum payment for the semester, this is when you get the full semester amount.
If you do not want to get your Student Loan from the specific semester, you need to specify the beginning date of the semester (September 1 or February 1)on the form as the date to suspend disbursement of your loan.
What do you need to do to get the loan amount for the full semester instead of the monthly installments you have received so far?
Log in to Student Loan Direct, then sign and mail the application to the Student Loan Centre (Diákhitel Központ Zrt. 1996 Budapest).
Deadline
If we receive the completed application form by the first day of the disbursement month*, we transfer the full semester amount to your bank account without any confirmation.
*Disbursement months:
- autumn semester: October (this is when you get your loan amount for September), November, December, January,
- spring semester: March (this is when you get your loan amount for February), April, May, June.
Example:
If we receive the completed application by October 1, we transfer the whole loan amount for the semester to your bank account in a lump sum on October 15 (HUF 150,000 if you borrow HUF 30,000 per month). If we receive your application between October 2 and November 1, we transfer the remaining amount for the semester to your bank account in a lump sum on November 15 (HUF 90,000 if you borrow HUF 30,000 per month).
You can pay your debt in a lump sum and then terminate your loan contract. You need to write a termination notice. The loan agreement is terminated on the 15th day from the date the notice is received and then you have 8 days to pay the whole debt (capital, interest, fees) in a lump sum.
Please carefully consider your options before terminating your contract. If you only need to suspend disbursement of the loan, you do not have to terminate the contract.
After your termination notice is received, the Student Loan Centre prepares a closing settlement. Once you pay off your debt, we inform you about the termination of your contract in writing. If you have overpaid your account, we transfer the extra amount with the late payment charge added to your bank account.
If you fail to pay off your debt, the Student Loan Centre has the option to collect the outstanding amount through the state tax authority.
To terminate your loan contract, log in to Student Loan Direct, then sign and mail the completed document to the Student Loan Centre (Diákhitel Központ Zrt., 1996 Budapest).
