Hungarian government raises age threshold for prenatal baby credit to 35

The government has decided to raise the age threshold for taking out subsidised prenatal baby loans from 30 to 35 years, Gergely Gulyás, the head of the Prime Minister’s Office, said at a weekly press briefing on Thursday.

Raised age threshold for prenatal baby credit

Gulyás said the modification of the age threshold — which applies to the wife of the couple applying for the credit — was made on the recommendation of the Young Families Club (Ficsak) and other family organisations. Borrowers availing of the new threshold have five years to have their first child to maintain eligibility, he added.

Illustration: Pixabay / Bgmfotografia

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