CSOB 2 in 1 Mortgage
A loan for financing an immovable that may even be outside of the Czech Republic. This mortgage can be used by citizens of the Czech Republic and the European Union, or persons with permanent residence in the Czech Republic who are older than 18 years of age. The credit is secured with a right of lien to real estate in the Czech Republic.
Benefits
The CSOB 2 in 1 Mortgage is a combination of the standard special-purpose CSOB Mortgage for housing and the non-special-purpose CSOB American Mortgage, which can be used for anything. In addition to investing in the purchase or reconstruction of a residence you can also furnish your household.
The non-special-purpose part of the loan can be used for example to purchase an automobile or a holiday. All of this for the same interest rate corresponding to that of a standard mortgage.
When setting up the mortgage, we will also guarantee an interest rate for 30 days. Thus, you will have time to set up everything you need with the certainty will stay the same, even if the rates on the market increase in the meantime.
Other merits include:
- up to 20% of the amount of the entire mortgage can be used for anything,
- special interest rate corresponding to CSOB Mortgage rates with the possibility of discounts of up to 0.25%,
- possibility of repaying the non-special-purpose part of the loan at any time without penalty,
- you do not pay double fees for managing credit accounts,
- the non-special-purpose part of the loan is deposited directly to the account of the client,
- the same amount of repayment guaranteed throughout the duration of the mortgage,
- other costs are as those of CSOB Mortgage.
When arranging a mortgage directly in the branch:
Get Acquainted
You can invest the special-purpose part of the loan in:
- a family house,
- a flat in private ownership,
- a building for individual recreation (a cottage or bungalow),
- a construction site (intended for the construction of a family house),
- an apartment building, a poly-functional or administrative building,
- real estate facilities (for example a pool, fireplace, fencing, projects, varied services, preparing the building site, built in or freestanding kitchen appliances).
The non-special-purpose part of the loan can be used for anything. The bank does not control the use of the funds.
The mortgage can be received for the purpose of:
- purchasing an immovable into private ownership (or co-ownership),
- the construction of an immovable,
- reconstruction, modernisation, or repair of immovables.
- settlement of property relations associated with an immovable (common estate of a married couple after a divorce, inheritance),
- settlement of loans (credit) provided at an earlier date and used for investment into the immovable,
- a combination of the purposes described above.
Other characteristics include:
- Security - security always with a right of lien to an immovable to the credit of the bank. The pledged immovable must be within the Czech Republic and must be insured against natural disasters and other risks.
- Amount - the minimum amount is 200 000 CZK, the minimum amount is determined by the value of the pledged immovable (up to 100 % of the lien value of the immovable), and the ability of the client to repay. The non-special-purpose part is provided for up to 20% of the entire loan.
- Use - one-time (for example a purchase), gradually (for example a structural modifications).
- Repayment - annuity - throughout the term of the validity of the interest rate you will always pay the same amount, which includes the principal and interest.
- Term - mortgage repayment within 5 to 40 years.
- Interest rate - fixed for a period of 1, 3, 5, 10 - 30 years, depends only on your selection.
Terms of Use:
- you can receive this loan if you are older than 18 years of age or if you are not older than 70 years of age as of the day of final repayment,
- you have income from gainful activity or business enterprise, or other income recognised by the bank,
- married couples, parents and children, relatives, partners, and persons in the relationship other than kinship can request the loan together, however there may be no more than four applicants from two households,
- at least one of the applicants must be the owner of the accredited immovable or become the owner through the implementation of the investment plan.
Any of our branches will provide you with the credit application and detailed information regarding your specific case and the necessary documentation for reviewing applications.