Big demand seen for subsidized home loans for families

Telco

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Hungarian banks are seeing strong interest in the newly introduced subsidized home loans scheme for families with three or more children, Levente Kovács, chief secretary of the Banking Association, told Hungarian news agency MTI on Friday.

Banks are preparing for the addition of the preferential loan to their product portfolios and expect to start meeting the strong demand by mid-January, the chief secretary said.

In addition to the HUF 10 million preferential loan, families with three or more children are also eligible for a HUF 10 mln government grant. More than 200,000 families are currently eligible for the program.

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