Model Mortgage

Representative example

For a mortgage loan

The loan provider is ČSOB Hypoteční banka, a.s. The loan amount is 4 500 000 CZK, with a single drawdown within 12 months of signing the loan agreement, maturity 30 years, and a fixed borrowing interest rate of 5.59 % p.a. with a 3-year fixed-rate period. The annual percentage rate of charge (APRC) is 6.02 %. The total amount payable by the customer is 9 533 658 CZK. The monthly instalment is 25 806 CZK, and the number of instalments is 360. The loan is secured by a mortgage over property valued at 6 428 571 CZK. Two applicants apply jointly for the loan. The consumer is required to insure the property securing the loan.

The calculation includes the administrative fee for filing the application to register the lien of 2 000 CZK, the regular monthly fee for life insurance of 658 CZK, the verification of two signatures fee of 100 CZK, the fee for drawdown of the loan based on the submitted application to register the lien in the Land Registry of 2 200 CZK, and the fee for sending the instruction to release the lien from the Land Registry, including the administrative fee, of 2 600 CZK.

The interest rate applies to a mortgage loan secured by a property with an Energy Performance Rating (EPC) of A/B, provided that the loan is repaid by direct debit from a current account held with ČSOB or ČSOB Poštovní spořitelna for at least 3 months. A minimum monthly income of 15 000 CZK must be credited to this account (not applicable if the repayment account holder had not reached the age of 27 in the preceding calendar month), at least 5 payments must be made using a debit or credit card, and life insurance must be arranged with ČSOB Pojišťovna. If these conditions are not met, the interest rate will be increased by the corresponding discount amount.

Representative example

For an American mortgage

The loan provider is ČSOB Hypoteční banka, a.s. The loan amount is 2 500 000 CZK, with a single drawdown within 12 months of signing the loan agreement, maturity 20 years, and a fixed borrowing interest rate of 6.09 % p.a. with a 3-year fixed-rate period. The annual percentage rate of charge (APRC) is 6.71 %. The total amount payable by the customer is 4 453 807 CZK. The monthly instalment is 18 041 CZK, and the number of instalments is 240. The loan is secured by a mortgage over property valued at 3 571 429 CZK. Two applicants apply jointly for the loan. The consumer is required to insure the property securing the loan.

The calculation includes the fee for granting a non-purpose loan of 2 900 CZK, reimbursement of property valuation costs of 6 000 CZK, the administrative fee for filing the application to register the lien of 2 000 CZK, the regular monthly fee for life insurance of 460 CZK, the verification of two signatures fee of 100 CZK, and the fee for sending the instruction to release the lien from the Land Registry, including the administrative fee, of 2 600 CZK.

The interest rate applies when the mortgage loan is repaid by direct debit from a current account held with ČSOB or ČSOB Poštovní spořitelna for at least 3 months. A minimum monthly income of 15 000 CZK must be credited to this account (not applicable if the repayment account holder had not reached the age of 27 in the preceding calendar month), at least 5 payments must be made using a debit or credit card, and life insurance must be arranged with ČSOB Pojišťovna. If these conditions are not met, the interest rate will be increased by the corresponding discount amount.

Representative example

For ČSOB Mortgage without Property

The loan provider is ČSOB Hypoteční banka, a.s. The loan amount is 4 500 000 CZK, with a single drawdown within 12 months of signing the loan agreements, maturity 30 years, and a fixed borrowing interest rate of 5.59 % p.a. with a 3-year fixed-rate period. The annual percentage rate of charge (APRC) is 6.04 %. The total amount payable by the customer is 9 543 558 CZK. The monthly instalment is 25 806 CZK, and the number of instalments is 360. The loan is secured by a mortgage over property valued at 6 428 571 CZK. Two applicants apply jointly for the loan. The consumer is required to insure the property securing the loan.

The calculation includes the fee for processing the application and preparing a draft agreement for the purpose-specific Mortgage without Property, including the specification of the purpose and subject of the loan by an addendum, in the amount of 9 900 CZK, the administrative fee for filing the application to register the lien of 2 000 CZK, the regular monthly fee for life insurance of 658 CZK, the verification of two signatures fee of 100 CZK, the fee for drawdown of the loan based on the submitted application to register the lien in the Land Registry of 2 200 CZK, and the fee for sending the instruction to release the lien from the Land Registry, including the administrative fee, of 2 600 CZK.

Conditions for obtaining the modelled rate and free property appraisal

The interest rates for purpose-specific mortgage loans up to 90% of the property value with fixed-rate periods of 1, 3, 5, 7 and 10 years, and the interest rates for American mortgages up to 70% of the property value with fixed-rate periods of 1, 3 and 5 years, include:

a discount for arranging credit life insurance covering 100% of the loan amount, or Náš život insurance covering 100% of the loan amount, with ČSOB Pojišťovna. If this condition is not met, the interest rate increases by 0.2 percentage points.
a discount for repayment of the mortgage loan by direct debit from the first borrower’s current account specified in the loan agreement, held with ČSOB or ČSOB Poštovní spořitelna, provided that from the month of the first drawdown:
- 5 payments are made each calendar month to merchants or through online transactions using a debit card issued to the borrower’s accounts held with ČSOB/ČSOB Poštovní spořitelna or using a credit card from ČSOB/ČSOB Poštovní spořitelna. Cash withdrawals and deposits or other transactions carried out at ATMs, cash withdrawals via CashBack, top-ups of prepaid services at ATMs or elsewhere, as well as cash withdrawals and deposits and placing a payment order at the Czech Post are not considered card payments, and at the same time
- at least CZK 15,000 is credited to the repayment account in each calendar month (not applicable if the repayment account holder had not reached the age of 27 in the preceding calendar month). This limit does not include funds transferred from the borrower’s accounts held with ČSOB/ČSOB Poštovní spořitelna, nor funds returned within the same calendar month to an account held outside ČSOB/ČSOB Poštovní spořitelna from which they were transferred (or vice versa), nor funds withdrawn in cash from the repayment account and deposited back into it on the same calendar day (or vice versa). If these conditions are not met, the interest rate increases by 0.5 percentage points.
except for Mortgage without Borders, ČSOB Mortgage without Property and American Mortgage, a discount applies for presenting an Energy Performance Certificate (EPC) for the financed property in class A, B; this discount is granted only for purpose-specific mortgage loans. If this condition is not met, the interest rate increases by 0.2 percentage points.

The interest rate also applies provided that two applicants apply for the loan and the applicant has held a current account with ČSOB or ČSOB Poštovní spořitelna for at least 3 months. For loans up to 2 million CZK, the interest rate is increased by 0.2 percentage points.

American mortgages are granted up to 70% of the property value and with fixed-rate periods of 1, 3 or 5 years.

A free property appraisal for purpose-specific mortgages can be obtained when applying for an appraisal from 17 February 2020 (inclusive). The promotion is valid until further notice.

Failure to meet any of the above conditions is not a barrier to granting a mortgage loan; however, in such a case you will not be entitled to the corresponding interest rate. For more information on the conditions for obtaining the interest rate, please contact the branches of ČSOB and ČSOB Poštovní spořitelna.

The calculations are for guidance only. The actual financing options will be communicated to you by ČSOB based on an assessment of your specific situation.

Important notice:

This does not constitute an offer to enter into a contract.

Please also note that all calculations and data shown, including interest rate or loan payment information, are indicative only. The above example has been drawn up for parameters corresponding to those of an average loan currently provided by the bank. The final loan parameters may vary depending on your creditworthiness and the results of your credit assessment and will be set out in the pre-contractual information and the loan agreement.

The loan provider is ČSOB Hypoteční banka, a.s. The insurance provider is ČSOB Pojišťovna, a.s.

ČSOB Mortgage contracts are concluded by Československá obchodní banka, a.s., as an independent intermediary acting exclusively on behalf of the provider ČSOB Hypoteční banka, a.s., a member of the ČSOB Financial Group. In doing so, it does not provide advice pursuant to Act No. 257/2016 Coll., on Consumer Credit.

Statement

All information provided herein is for information purposes only. This website does not constitute an offer to enter into a contract, a promise to enter into a contract, an invitation to tender for the most suitable offer, a public offer, or any other legal act of ČSOB or ČSOB Hypoteční banka, regardless of its content or designation. If any information has the characteristics of a legal act of ČSOB or ČSOB Hypoteční banka, it is exclusively a legally non-binding informational communication, even if it is not expressly designated as such.

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