CSOB 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
You do not have to have any savings. We will loan you funds of up to 100% of the value of the lien of the immovable. 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 that it will stay the same, even if the rates on the market increase in the meantime.
Other merits include:
- service at a single location - consultation, insurance, and real estate appraisals (including the possibility of express valuation of the value of residential units using "price maps" right at the CSOB branch),
- you pay a fee for processing the application only if the mortgage is provided,
- express handling of applications with no fee,
- option of a discount from the interest rate of up to 0.25%,
- 30-day guarantee of interest rate with fixation (validity) of the interest rate for 1 to 30 years,
- mortgage repayment within 5 to 40 years,
- the same amount of repayment guaranteed throughout the duration of the mortgage,
- possibility of repayment without penalty (during the period that the interest rate changes),
- possibility of writing off up to 300,000 CZK per annum of paid interest from tax base,
- back payment of invoices relating to the purpose of the mortgage - these funds may be used for anything,
- possibility of selling the immovable along with the mortgage at any time during the term of repayment,
- when the loan is drawn on for construction or reconstruction of real estate, we can credit funds from the loan directly to your account. You prove the use of the funds to the bank only afterwards.
When arranging a mortgage directly in the branch:
Get Acquainted
You can invest 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),
- non-residential units,
- 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 credit 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.
- 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 get 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 must 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 a 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.