Baby loan

The baby loan is an interest-free loan (if you deliver 1 child in 5 years) that can be used freely, up to a maximum of HUF 11 million available for young married couples. In addition, repayments can be suspended for up to three years after the arrival of the first child, and the loan debt can be reduced in case more children born. After the second child, the state assumes 30 percent of the outstanding debt, and after the third child, 100 percent. The most important condition to reach the interest-free period is that the first child must be born within five years from the conclusion of the contract, or the couple proves that the child is already on the way.

The government amended the conditions of several benefits at the end of August 2023, and they came into effect on September 1. The changes also affected the baby loan at many points.

Application conditions:

The applicant couple must be married.

According to the new rules, only couples where the wife is under the age of 30 will be able to apply. The government only announced a transition period for 2024: between the ages of 30 and 40, it will be possible to apply, but only if the wife proves that she is at least 12 weeks pregnant. From 2025, this will no longer be possible, as the baby loan will then be available only to those under 30 years of age.

The couple undertakes to have a child within 5 years (either biological or adopted)

They undertake that at least one of them will raise their child in their own household until he/she is 18 years old.

At least one of the parties has a continuous 3-year employment history (among other things, the condition regarding the social security legal relationship, which is the most strict in case of baby loan, has been eased. If someone’s legal employment is interrupted for some reason (but not terminated), then the legal relationship is not interrupted even if this period is longer than 30 days. In this way, the three-year tb legal relationship can be more easily verified).

They have the minimum expected income necessary for the loan.

Also from 2024, the loan amount will increase from HUF 10 million to HUF 11 million. For this reason, the maximum monthly installment will also increase by HUF 1,000, from HUF 50,000 to HUF 51,000.

Did you know your money is not worth the same at every bank?

The credit assessments of each bank are completely different, so it’s worth contacting an expert to get the most out of your money!

I know the offers of all the banks in detail, I thoroughly prepare the mortgage package whilst presenting the three most favorable offers for you, from which you can choose the most suitable one. I land a hand and stand by you throughout the entire mortgage administration process.

If you choose me, you can benefit from extra discounts and possible lowered individual interest rates, and I provide you with a faster, quality-orientated service.

My service is 100% free for you from the very beginning until the disbursement. (I receive commission from the banks after successful loan disbursement.

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