What we’ve written so much about has finally arrived. It’s July 1st and every young couple has the opportunity to take out the Baby Waiting Loan. Of course, there are prerequisites for this, but they are not at all feasible. Let’s cut into it and find out everything here before START.
It’s a loan
It is important not to confuse it with the Family Home Discount. This is not a non-repayable state aid. Here, as with any loan, you have to meet a few criteria. For example, not to be on the KHR list. Or an orderly TB relationship.
There are also unique expectations. Such is that the lady member of the married couple is older than 18, but not older than 40. Another important thing to know is that the first (or even only) baby should be born within 5 years.
Why is this a good option?
Because the state assumes the guarantee . This means that no real estate collateral is involved. Here, however, is not over. No interest is payable either . The state also undertakes this. This also means that you have to spend up to HUF 50,000 per transaction per month. If you don’t think this is really that good, then count on the credit calculator!
In addition, as soon as the first child is born there is no repayment for 3 years. Then, on arrival, the second child is released in the same way, plus 30% of our current debt. And when the third baby arrives, our debt becomes a mist.
To be clear, this does not mean that you need 3 children for the Baby Waiting Loan. It’s just that you get such a big discount. But having a baby waiting for a child is worth it.
Completely free use of the loan. So you don’t have to invest in real estate. However, it would be a pity to spread such an amount. What’s more, according to the latest news, it can be counted as rent-seeking.
If you are in the phase of starting a family, don’t hesitate to contact us! We help you with your real estate project.