Borrowers must work at least 20 hours a week in Hungary to be eligible for the 10-year free-purpose loans, Gulyás said.
Independent business owners and sole proprietors must certify income of at least the average wage for 20 hours a week, he added. Borrowers must pledge to work in Hungary for a period of five years, he said.
Repayments on the loans will be suspended for two years after the birth of the borrowers’ first child.
After the birth of a second child, repayments will be suspended for a further two years and half of the principal will be forgiven. After the birth of a third child, the principal will be forgiven in full.
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