As of July 1, the Family Protection Action Plan will enter into force, as part of which couples may apply for a $ 10 million free-to-use personal loan. A baby loan will be available at most banks, but conditions may vary.
Eligibility for a baby loan is governed by Government Decree 44/2019. (III. 12.) Korm . (VI. 26.) .
When applying for a baby loan, you must undertake to raise at least one member of the couple’s children born or adopted after the loan agreement has reached the age of majority, but at most until the termination of the loan agreement.
Unfortunately, a single parent raising a child alone cannot apply for baby support, as one of the basic conditions for applying is marriage.
On June 26, the government amended an earlier decree to allow eligible persons to apply for interest subsidy for the entire duration of the loan, childbirth allowance and suspension of repayment between July 1 and 31, 2019 – before – they are eligible for their blood born child if they apply for the loan by July 31, 2019.
So it is worth applying for a baby loan for any couple whose wife has not yet reached the age of 41 and is planning to have a baby.