Hungary introduces new special loans for families with two children

Source: Xinhua| 2018-11-24 23:08:18|Editor: yan
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BUDAPEST, Nov. 24 (Xinhua) -- The Hungarian government presented a special 10-million-forint (35,156 U.S. dollars) loan with low interest rate for families with two children, official sources said here on Saturday.

"From Dec. 1, the two-children families will also be able to receive the 10-million-forint loans with beneficial interest rate, reserved up to now for families raising three children," government website quoted Katalin Novak, the Minister of State for Family, Youth and International Affairs as saying.

"The government always provides for the families in need and keeps track of where they need help," Novak added.

The Hungarian government justified the extension of the special loans to families with two children, saying the majority of Hungarian children live in households raising two children.

The government guarantees that the interest will be kept below 3 percent over a period of 25 years, well above the rates of the market that are set at between 5 and 7 percent annually.

Novak emphasized that the government planned to further expand family subsidies and asked everyone to fill out a questionnaire for national consultation on family support and to participate in shaping the Hungarian family policy.

The so-called national consultation on the protection and support of families with children kicked off in the beginning of November.

The questionnaires feature ten yes-no questions relating to the introduction of full-time motherhood for women raising a minimum of four children, the legal protection of grants provided for families raising children, and the provision of support for family members looking after sick children at home.

Answers are expected by Dec. 21.