Hungarian Conservative

According to the applications for the CSOK Plus submitted in the first two months of the year, two-thirds of the couples requesting the loan are childless. This shows that couples have been encouraged to dare to start a family.

The family policy of the Hungarian government, among other things, supports the country’s youth through family benefits that can be availed during their higher education, as well as income tax exemption for individuals under 25 and mothers under 30.

CSOK Plus is an extremely favourable, state-supported loan for families planning to have children or for those who are wish to have more children. It can be used for the purchase of a first common home, or the expansion or the purchase of a larger common home. It is available in amounts of 15, 30, or even 50 million forints with a fixed 3 per cent interest rate.

In the framework of the new CSOK Plus scheme, the state provides a loan of 15 million forints (EUR 38,960) for couples raising one child, 30 million for families with two children and 50 million for those with three or more children, at a 3 per cent interest rate, Minister of Culture and Innovation János Csák announced.