This is how childbearing loans fulfill

36,000 claims have been made in almost two months for an element of the Family Protection Action Plan. How did the baby loan, the village CSOK, and the car purchase support for large families perform after the launch? In this article we summarize the partial results of the Family Protection Action Plan starting in July.

Banks have already received 23,000 baby loan applications

Banks have already received 23,000 baby loan applications

In July, banks signed a $ 54 billion baby loan agreement. This amount does not include couples who applied in July but only received the loan in August. Good Finance’s experts expect baby loan numbers to rise further, as the TB legal administration bailout delayed the acceptance of credit claims for many clients by the second half of the month, meaning some of the disbursements may have slipped through August. We do not yet know the amount of the baby loan disbursed in August, but as far as we know, the banks have received slightly more than 23,000 claims so far.

According to the September issue of the MNB, annual output may average between HUF 250-300 billion, and in the first year it is estimated to be higher – up to HUF 400 billion in the first year. This means that 25 to 40,000 couples can take out an interest-free loan each year.

The baby is most likely to go home

The baby is most likely to go home

According to information from banks, most couples in need of a baby loan spend their money on a home. Between 5% and 10% of applicants are planning to apply for a market-based home loan or government-backed CSOK loan in addition to a baby loan. As a result, banks expect further increases in the real estate market. If you want to know how you can get a newly built country house with the help of state aid, don’t think about it, we’ve already written the answer.

In addition to the property, a popular loan target is also a buy-out, with about 15 percent of those seeking to use a baby loan. According to bank feedback, there is a higher-income group of claimants who buy investment products from baby loans.

The most anticipated element of the family support program was the baby loan, which is no wonder, as the maximum interest-free loan of $ 10 million can turn into a non-refundable subsidy if the couple has three children. Calculate with the Good Finance Baby Loan Calculator and find out the terms and conditions for your support!

Over three thousand is already overdue for mortgage loan

Over three thousand is already overdue for mortgage loan

Since July 1, more than three thousand people have used the possibility to reduce their debt. Prior to this, the discount was only available for the third child, but as of July 1, the state will release $ 1 million in debt after the birth of the second child, and $ 4 million from the existing mortgage after the third child, provided the The loan application preceded the birth of the child. The state will spend an additional HUF 1-1 million on additional children. You can read more about the exact conditions in this article.

It is important that the mortgage can only be forgiven by mortgage debt, so we cannot reduce our personal loan or other types of debt, nor does it matter whether we have a home mortgage or free use.

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