What to watch out for in Baby Loans?

According to the new decree, as of July 1, 2019, an interest-free Baby Loan is available for up to HUF 10 million. Which is a very beneficial option for young families with children. The type of loan is for free use, so it can be used for anything like buying a home, renovating a home, or buying a new car. However, there may be times when a loan cannot be obtained by the claimant, or even if the loan applied for is granted, the originally free construction may become expensive subsequently.

What is the purpose of baby support?


The basic aim of the scheme is to increase the desire to have children and to increase the number of children to be born. Therefore, the legislator has included conditions for access to the subsidy, which, if not met, will change the terms of the baby loan.

What are the obstacles to fulfillment?

What are the obstacles to fulfillment?

The Pregnancy Loan is available from July 1, 2019, but only for children born after that date, or for a 12-week-old fetus at that date.
At the birth of the first child, interest-free loan repayment is suspended for 3 years, in the case of the second child, the suspension is extended for another 3 years, and thirty percent of the outstanding debt is released. And when the third child is born, the total amount of debt that remains is forgiven.
It is important that the Baby Loan Agreement can be concluded until December 31, 2022.

What happens if no baby is born in 5 years?


If no baby is born within 5 years, the interest subsidy earned over the five years will be repaid in one lump sum. The loan taken turns into a market-rate loan for the remaining time. Unfortunately, the benefits you receive must be reimbursed even if it is medically proven that the baby was not born due to a medical problem. However, in this case, it is possible to apply for the interest subsidy to be repaid within 2 years.


One of the basic prerequisites for Baby Waiting Support is that the wife should be between the ages of 18 and 41 at the time of applying. There is no age limit for her husband.

Divorce during the term?

The same applies in this case as if the child was not born. The Borrowed Loan will continue as a market loan and the interest subsidy will be repaid in one lump sum.

Is one of the parties on the negative KHR list?

Unfortunately, those on this list can’t get a Baby Waiting Loan!

Is the address of the married couple foreign, there is no Hungarian?


One of the important prerequisites for a baby loan is that the claimant must have a Hungarian address. Obviously, it cannot be the case during the term that no member of the couple has their Hungarian address. If, however, the interest subsidy ceases to exist, the aid so far collected shall be repaid in one lump sum within 120 days.

Death Age?

If any member of the couple dies within 5 years of the date of the borrowing, the loan becomes marketable six months later and the benefit will not be repaid. If the widow remarries within these 5 years, the grace period will begin again.

If you would like to know if you are eligible for Good Finance support, you are interested in the terms and conditions of use. Please fill out our form, our credit broker will call you back!

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