Upon the initiation of the Ministry of Cultural Heritage, the Hungarian Development Bank will support the financing of film industry investments with a separate loan within the framework of the Loan Program for a Successful Hungary, the bank’s press department told Filmhu.

Preferential loans are available for investments related to filmmaking and film distribution. Small and medium-size enterprises that hold the certificate issued by the National Film Office may apply for the loan, which means they only need to present  15% of the entire investment as their own capital instead of 25%.
The forint-based preferential loans with a 6% interest rate are provided from the Ft 310  billion budget of the Loan Program for a Successful Hungary. The maximum amount of the 15-year loan is Ft 1 billion. Loans above Ft 50 million can be applied for directly at the Hungarian Development Bank, and from the end of July at commercial banks as well.

The loan program does not limit the sum available for filmmakers. For further information visit the bank’s homepage at: MFB