Mortgage FAQ

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.

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.

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.

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.

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.

Yes, you can take out a mortgage for renovation. You can also use the Home Improvement Loan Without Collateral for renovations up to CZK 1,000,000, which you can apply for online and have the money in your account in a matter of minutes.

Yes. You can use up to 30% of the loan for anything related to your home and you don't have to document what you use the money for.

In addition to the down payment of at least 10%, one-off costs associated with administrative fees at the land registry must be taken into account.

Yes, we also provide mortgages to foreigners. For more information, please contact our branches or leave us your number and we will call you.

Not every renovation requires a project. If you have one, it's better, because then we are able to give you a more accurate estimate. However, the budget drawn up by the contractor as part of their bid or your own self-prepared budget is sufficient for the loan.

The funds are always sent in a bank transfer. You can draw money from the loan for up to two years (depending on the type of loan), which is ideal if you are building a house or want to furnish your new home after you buy it.

• If you are buying a finished apartment or house, the funds are released all at once to the bank accounts specified in the contracts.
• If you are building or renovating, funds are released gradually depending on the value of the property in the continuously updated Construction Progress Report, which is compiled by our contract expert.

The maximum period for using funds when refinancing a mortgage is 12 months. During this time, you must repay your original mortgage with the other bank.

The simplest way is the Construction Progress Report, which is compiled and updated during construction by our contract expert. Or you can submit invoices and receipts for materials, from the construction company, etc.

We will reimburse your invoices up to 36 months in arrears (from the time you sign the Request for Preparation of a Draft Loan Agreement).

You can leave up to 20% of the amount unused without penalty, up to a maximum of CZK 1 million. Your payments will then be reduced automatically.

Even in difficult situations we will work with you to find a suitable solution. Thanks to Easy Payments, you can reduce your payments by up to a third after just six months of proper mortgage payments.

Annual percentage rate of charge, i.e., the total cost of consumer loans expressed as an annual percentage of the total amount of the loan.

The ratio of the loan amount to the value of the property.