Mortgage
Mortgage
Loan for purchasing property, construction and refinancing
- Fixed interest rate for 1 year from 4.99% p.a. up to 70% of the value of the collateral (APR 5.75%)
- Arranging and managing the loan free of charge
- We will lend you up to 90% of the value of the property
- You can use up to 30% to furnish your household, for example
- You can apply with us for a mortgage transfer up to 12 months in advance
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.
Sjednejte si novou hypotéku se slevou 0,3 % z úrokové sazby. Stačí ji splácet z účtu, na který vám každý měsíc přijde aspoň 15 000 Kč a 5× měsíčně zaplatit kartou.
Kompletní pravidla akceCalculate 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.
Conditions for obtaining the interest rate and a free valuation
The interest rates for special-purpose loans up to 90% of the value of the property with a fixation period of 1, 3, 5, 7 and 10 years include:
- a discount for mortgage payments by direct debit from an existing current account held with ČSOB or Poštovní spořitelna for at least three months on the condition of an account balance in the amount of at least 1.5 times the monthly mortgage payment
- discount for mortgage payments by direct debit from the co-borrower's current account with ČSOB or Poštovní spořitelna along with a property insurance policy from ČSOB Pojišt'ovna. This discount can be replaced by a discount for taking out a life insurance policy with ČSOB Pojišt'ovna.
If any of these conditions are not met, the interest rate is increased by 0.3 percentage points. The interest rate applies if two people apply for the loan.
The interest rates of the American mortgage are valid provided that two persons apply for the loan and that they set up a direct debit from a current account they have had with ČSOB or Poštovní spořitelna for at least three months.
Failure to meet any of the above conditions is not a barrier to receiving a mortgage loan, but in this case you are not entitled to the relevant interest rate. For more information on the conditions for obtaining the interest rate, please contact the branches of ČSOB and Poštovní spořitelna.
A free property valuation can be obtained when you apply for a valuation as of 17 February 2020. This special offer is valid until revoked.
Failure to meet any of the above conditions is not a barrier to receiving a mortgage loan, but in this case you are not entitled to the relevant interest rate. Calculations are only estimates. The actual financing options will be communicated to you by ČSOB based on an assessment of your specific situation.
Model mortgage
For Mortgage
- Provider: Hypoteční banka, a.s.
- Total loan amount: CZK 3,350,000
- Deadline for the one-time release of the full loan: 12 months after the contract is signed
- The duration of the loan from the date funds are released: 30 years
- Fixed interest rate: 5.19% p.a. with 3-year fixation
- Annual Percentage Rate of Charge (APR): 5.97%
- Total amount paid by the client: CZK 7,072,998
- Monthly payment: CZK 18,375
- Number of payments: 360
- Two people are applying for the loan
- The loan must be secured by a lien on the property; the example above involves a lien on a property with a value of at least CZK 4,785,720.
- Arranged direct debit from a current account held with ČSOB/Poštovní spořitelna for at least 3 months
The monthly payment referred to above includes the monthly payment of principal, interest and the recurring charges listed below, paid on a monthly basis.
The calculation of the APR and the total amount paid by the client takes into account the expected payment of one-off fees on the dates and in the amounts shown below:
| One-off fee | Anticipated payment date | Anticipated amount |
|---|---|---|
| Reimbursement of cost of property valuation | For taking out the mortgage | CZK 0* |
| Administrative fee for the application for registration of a lien (paid to the administrative authority) | For taking out the mortgage | CZK 2,000 |
| For verification of two signatures (paid to the administrative authority) | For taking out the mortgage | CZK 100 |
| Mortgage fund release based on the submitted application for lien registration in the land registry | For taking out the mortgage | CZK 2,200 |
| First fund release requested at a branch or by mail | When drawing on funds 12 months after signing the loan agreement | CZK 1,000; when using the Mortgage Zone CZK 0 |
| For sending an instruction to delete the lien from the land registry, including the related administrative fee in the total amount of | Upon loan termination | CZK 3,000 |
In addition, the anticipated payment of recurring fees on the dates and in the amounts set out below has been taken into account:
| Recurring fee | Anticipated payment date | Anticipated amount |
|---|---|---|
| For loan administration (with the No Loan Administration Fee option, with this fee reflected in the interest rate of the loan) | At the end of each month for the duration of the loan | CZK 0 |
| For sending a loan statement by email | At the end of each month for the duration of the loan | CZK 0 |
| For life insurance | At the end of each month for the duration of the loan | CZK 1,039 |
| For property insurance | At the end of each month for the duration of the loan (once the loan is drawn on) | CZK 210 |
| Mailing confirmation of interest paid for the calendar year | As of January 15 each year for the duration of the loan (once the loan is drawn on) | CZK 150 |
* From 17 February 2020 until further notice, we are offering free property valuation
Important notice:
This document is not a proposal for concluding an agreement.
Please also note that all calculations and data shown, including the interest rate and loan payment amount, are for illustrative purposes only. The above example is based on parameters corresponding to those of an average loan currently provided by a bank. The final parameters of the loan may vary depending on your credit rating and the results of your credit assessment and will be set out in pre-contractual information and the loan agreement.
Loan provider: 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 exclusively on behalf of the provider, Hypoteční banka, a.s., a member of the ČSOB Financial Group. It does not provide advice pursuant to Act No. 257/2016 Coll. on consumer loans.
Model mortgage
For American mortgage
- Provider: Hypoteční banka, a.s.
- Total loan amount: CZK 1,500,000
- Deadline for the one-time release of the full loan: 12 months after the contract is signed
- The duration of the American mortgage from the date funds are released: 20 years
- Loan interest rate: 5.79% p.a. with 3-year fixation
- Annual Percentage Rate of Charge (APR): 6.28%
- Total amount paid by the client: CZK 2,590,088
- Monthly payment: CZK 10,566
- Number of payments: 240
- The loan must be secured by a lien on the property; the example above involves a lien on a property with a value of at least CZK 2,142,857.
- The requirement to take out insurance on the subject of the collateral (does not apply to the subject of the collateral – a separate plot of land without a building): the insurance must be taken out before the mortgage funds are released and must be maintained for the entire term of the loan.
- Arranged direct debit from a current account that has been held with ČSOB/Poštovní spořitelna for at least three months
- Two people are applying for the loan
The monthly payment referred to above includes the monthly payment of principal, interest and the recurring charges listed below, paid on a monthly basis.
The calculation of the APR and the total amount paid by the client takes into account the expected payment of one-off fees on the dates and in the amounts shown below:
| One-off fee | Anticipated payment date | Anticipated amount |
|---|---|---|
| For the provision of a non-purpose loan | For taking out the mortgage | CZK 2,900 |
| Reimbursement of cost of property valuation | For taking out the mortgage | CZK 0* |
| Administrative fee for the application for registration of a lien (paid to the administrative authority) | For taking out the mortgage | CZK 2,000 |
| For verification of two signatures (paid to the administrative authority) | For taking out the mortgage | CZK 100 |
| First fund release requested at a branch or by mail | When drawing on funds 12 months after signing the loan agreement | CZK 1,000; when using the Mortgage Zone CZK 0 |
| For sending an instruction to delete the lien from the land registry, including the related administrative fee in the total amount of | Upon loan termination | CZK 3,000 |
* From 17 February 2020 until further notice, we are offering free property valuation
In addition, the anticipated payment of recurring fees on the dates and in the amounts set out below has been taken into account:
| Recurring fee | Anticipated payment date | Anticipated amount |
|---|---|---|
| Loan administration fee** | At the end of each month for the duration of the loan | CZK 150 |
| For sending a loan statement by email | At the end of each month for the duration of the loan | CZK 0 |
| For property insurance | At the end of each month for the duration of the loan (once the loan is drawn on) | CZK 154 |
** From 4/5/2020 until further notice, we are offering free loan management.
Important notice:
This document is not a proposal for concluding an agreement.
Please also note that all calculations and data shown, including the interest rate and loan payment amount, are for illustrative purposes only. The above example is based on parameters corresponding to those of an average loan currently provided by a bank. The final parameters of the loan may vary depending on your credit rating and the results of your credit assessment and will be set out in pre-contractual information and the loan agreement.
Loan provider: 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 exclusively on behalf of the provider, Hypoteční banka, a.s., a member of the ČSOB Financial Group. It does not provide advice pursuant to Act No. 257/2016 Coll. on consumer loans.
Representations
All information given here is of an informative nature. This website does not constitute an offer to conclude a contract, a promise to conclude a contract, an announcement of a public tender for the most suitable offer, a public offer or any other legal action by ČSOB or Hypoteční banka. This is regardless of their content or designation; if any information has the content of a legal act of ČSOB or Hypoteční banka, it is exclusively a legally non-binding informative communication, even when not specifically designated as such.