Mortgage loans specification
| Purpose-bound residential mortgage loan | Purpose-bound non-residential mortgage loan | Non-purpose mortgage loan |
|
|---|---|---|---|
| Loan purpose |
financing or refinancing of residence |
prupose other than residence (e.g. lease) |
any (client decides) |
| Minimum amount |
CZK 200,000 |
CZK 200,000 |
CZK 200,000 |
| Maximum amount |
not limited |
not limited |
CZK 10,000,000 |
| Loan collateral |
right of lien for real estate |
right of lien for real estate |
right of lien for real estate |
| Loan amount vis-à-vis value of collateral | up to 100% | up to 80% | up to 80% |
| Mandatory insurance of pledged real estate |
yes | yes | yes |
| Payment term |
1 year up to 40 years | 1 year up to 30 years | 1 year up to 20 years |
| Manner of loan repayment |
regular monthly annuity instalment/one-off repayment with combined mortgage and capital life insurance |
regular monthly annuity instalment/one-off repayment with combined mortgage and capital life insurance | regular monthly annuity instalment/one-off repayment with combined mortgage and capital life insurance |
| Manner of loan drawdown |
one-time up to 6 month or progressive up to 24 months |
one-time up to 6 month or progressive up to 24 months | one-time or progressive up to 6months |
| Interest rate |
fixed up to 20 years |
fixed up to 20 years | fixed up to 20 years |
Purpose-bound residential mortgage loan
| Individual Mortgage | Start Mortgage | Plus Mortgage | Flexi Mortgage | Twin Mortgage |
|
|---|---|---|---|---|---|
| Key parameter of the loan | Possibility for tailoring terms of the mortgage loan to the client’s individual needs | Deferment of the beginning principal payments by up to 1 year | 100% discount on the initial and monthly fees provided that:
|
Early repayment of the mortgage loan at any time without penalty | 20% of the mortgage amount granted “for any purpose” |
| Possibility of early repayment without penalty | NO | NO | NO | YES | NO |
| How much will the Bank lend you | up to 100% | ||||
| Length of interest rate fixing | 1 to 20 years | ||||
| Max. payment term | 40 years | ||||
| Manner of repayment | regular monthly annuity instalment | ||||
| Loan currency* | CZK, EUR, USD, CHF | ||||
* We provide mortgage loans in foreign currencies only to the customers with income in the respective currency
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