Make your wish list come true and finally do something nice for yourselves! You can use our favourable PRESTO Loan to improve your housing, without having to compromise.
You have the right to early repayment of the consumer loan at any time, either in whole or in part. You are obliged to inform the Bank in writing of your intention to repay the loan in whole or in part not later than 5 days prior to the date of the Early Payment.
The loan may be prepaid with absolutely no penalty in the following cases:
In other events, the Bank may request the reimbursement of the costs reasonably incurred in connection with such prepayment.
The costs reasonably incurred by the Bank must not exceed the interest that the consumer would pay during the period from prepayment until expiry of the fixed interest rate period.
In the event of prepayment associated with the sale of the property the acquisition, construction, or retention of rights of which was funded by such loan and where the duration of the Loan Agreement is more than 24 months, the costs reasonably incurred by the Bank must not exceed 1% of the prepaid amount of the loan and, in any event, no more than CZK 50,000.
Should you fail to repay any debt arising from a contract by its due date, you are obliged to pay the Bank default interest on such overdue debt in an amount as per Government Decree No. 351/2013 as amended throughout the period of default, besides the interest agreed upon in the contract currently at 8,25 % p.a. (a year). This default interest rate is considered to be the maximum interest rate possible.
You are aware of the fact that failure to pay a due debt under contract is a serious violation of the contract and, in such a case, the Bank is entitled to withdraw from the contract ex nunc and to determine the entire loan immediately due and payable or, as the case may be, without withdrawing from the loan contract, to declare all or any outstanding sums immediately due and payable.Before declaring the loan due, the Bank shall call upon the consumer to pay the outstanding sum and grant a 30-day deadline to the consumer to comply.
The costs associated with the recovery of the outstanding sum are specified in the Price List.
Do you know how you would repay your PRESTO Loan in case of illness or job loss? Solvency insurance offers one solution. The insurance covers death, disability III. degree/recognition of ZTP/P card, incapacity for work, involuntary job loss or serious illness.
What do you get?
Product parameters
Who is the product intended for?
For all applicants for the PRESTO Loan who comply with the following conditions:
In the case of risk of involuntary loss of job, clients must comply with the following extra conditions:
In case of risk of serious illness, the client also meets the following conditions:
What are the benefits for clients?
Product parameters
Choose from the following packages:
What documents need to be presented?
What fees will I pay?
So as to avoid increasing the price of the loan and translating it into interest rates, we have kept only the initial fee of CZK 1,500 for arranging the loan.
Do I need a co-applicant?
A co-applicant may be required for loans exceeding CZK 600,000.
Why should I take out insurance against the inability to pay?
Insurance against the inability to pay protects you in the event of certain unpleasant life situations, for instance in the case of loss of regular income, which means the inability to pay the liabilities arising from the PRESTO Loan Contract.
How can I ask for postponement of instalment payment?
All you have to do is visit the bank and sign an application for postponement of instalment payment. You must do so not later than as of the last calendar day of the month in order to postpone the instalment payment the following month. The instalment payment is postponed including interest. You can ask for postponement of the instalment payment not earlier than after 10 months of due repayment. You can postpone your instalment payment up to 5 times during the repayment period free of charge.
Download useful documents HERE.
Representative example:
I want to borrow CZK 300,000 • The total loan amount of CZK 301,500 includes a CZK 1,500 commitment fee • Duration of loan: 96 months • Interest rate: 3.49% p.a. • Monthly instalment: CZK 3,604 • Annual percentage rate (APR): 3.68% • Total amount due: CZK 346,173.
This offer is for information purposes only; it does not constitute a proposal for conclusion of a contract.
