Marriage loans from socialism return. How can newlyweds get one?

Not all newlyweds may obtain the loan since the budget has its limit.

Marriage loans, which were popular in socialism, have been reintroduced in July 2019. Marriage loans, which were popular in socialism, have been reintroduced in July 2019. (Source: SME)

Back in the seventies, loans for newly married couples experienced a boom. Flats, kitchens, and different household equipment were the things these couples most often bought for the loan obtained from the state.

Nonetheless, marriage loans, offered by the State Housing Development Fund (ŠFRB), returned on July 1 of this year after many years, as reported by the Sme daily.

Read also:Slovakia's central bank introduces stricter rules for loan takers Read more 

The Fund is to distribute €15 million to newlyweds, who can spend the money on renovation, construction and the purchase of a new home. The application deadline is set for October 31.

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