New rules on lending to households

NBS has adjusted the debt-to-income (DTI) ratio limits for loans maturing after the borrower reaches retirement age. While having almost no impact on the market, this adjustment will prevent people from going into retirement with excessive mortgage debt.

The adjustment will also ease conditions for granting consumer credit for the renovation of family houses under Slovakia’s recovery and resilience plan. With this form of lending, energy cost savings can be taken into account by enabling the provision of larger loans as well as loans with longer maturities. The purpose is to increase the availability of financing for house renovation and to support the transition to a green economy.