Mortgage
How does the mortgage application process work?
We prepare a tailor-made offer and a list of the required documents at the branch, over the phone or online.
Once the documents have been provided, we will prepare the application and arrange for a land registry extract and property valuation on your behalf. We also offer you the opportunity to take out an insurance policy.
We assess your income, the property and let you know if your mortgage has been approved. The assessment usually takes up to five business days.
We prepare contract documentation, which you then sign at the branch. You can draw the money online in one lump sum or gradually, depending on the purpose of the mortgage.
Calculate a custom mortgage online
You can calculate your payments and guaranteed interest rate online in a few minutes and without obligation. Simply enter a few details about yourself and the purpose for which you wish to use the mortgage.
- The offer is completely non-binding
- Interest rate guaranteed for 30 days
- You can return to a saved offer at any time
How to apply
What else a mortgage from ČSOB can do for you
Manage your mortgage from your computer and mobile
The easiest way to handle any questions about your mortgage is through the Mortgage Zone. We've already won a number of awards for it, but see for yourself how it simplifies many things for you.
Wondering how to make your home more energy efficient?
Download our new free eBook. You will find helpful advice and tips on what to look for when building or renovating to live better and more economically.
FAQ
Can I take out a mortgage if I have nothing saved?
We can lend up to 90% of the value of the mortgaged property to clients under the age of 36 (otherwise max. 80%). If you own your own land, we can also count the value of the land and other real estate as equity when you build your house, i.e., it can be used as collateral for the loan, so you won't need at least 10% of your own funds.
How long will everything take before I can draw on the money?
The length of mortgage processing is individual and depends to a great extent on the length of the property valuation. It usually takes five business days for the loan application to be assessed once all the necessary documents have been submitted.
What documents will I need to apply for a mortgage?
This depends on the purpose of your mortgage, your source of income and the subject of the collateral. Some documents, such as a recent extract from the land registry, a cadastral map or a property appraisal, we will procure ourselves to save you the time of going to the authorities. We will need proof of identity, documents for the purpose of the loan – the purchase contract, the construction contract and proof of regular income. Our clients have even simpler processing because they usually do not have to prove their income.
How does property valuation work?
It always depends on the specific property. If it's an apartment or a house in a community with more than 10,000 inhabitants, we can make an estimate of the property online free of charge. In other cases, our expert or outsourced appraiser will perform a free property valuation.
What insurance will I need for my mortgage?
The mortgage loan is secured by a lien on the property, which must be insured. It is also advisable to insure your ability to repay the mortgage. Life insurance can help you avoid future risks associated with the inability to make payments, for example, due to loss of employment, accident and incapacity to work.
We provide mortgage insurance
You can choose from three insurance options:
| Option | Death | Permanent disability | Incapacity to work | Loss of income |
|---|---|---|---|---|
| For work | ||||
| For health | ||||
| For certainty |
Insurance is provided by ČSOB Pojišt'ovna a.s.
Fee Schedule
| Selected services | Price |
|---|---|
| Express valuation of flat (using a price map for selected locations) | free of charge |
| Providing a housing loan | free of charge |
| Sending a loan statement by email | free of charge |
The fees listed in this section are excerpted from their full wording and can be found, including their due dates, in our Fee Schedule. We've compiled all the interest rates for you in an overview.