CZK 1.5 million.
your interest rate and monthly mortgage payments.
| Rate type | Rate fixed for 3 years |
|---|---|
| Mortgage amount | from 1,5 mil. CZK |
| Refinancing | 4,58 % |
| Purchase | 4,58 % |
| Other | 4,58 % |
The interest rates apply to mortgages with a maximum loan-to-value (LTV) ratio of 80% and are subject to taking out Payment Protection Insurance. Interest rates for fixation periods other than 3 years are available in the Price List or through our Mortgage Calculator.
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How to save with our mortgage
Current rewards / discounts
- If you meet the programme conditions, we will pay you a reward based on the interest you have paid at the end of your fixation period.
| New / refinanced mortgages | |
|---|---|
| Mortgage amount | Reward based on interest paid* |
| up to CZK 3,000,000 | 0% |
| from CZK 3,000,000 | 3% |
| from CZK 4,000,000 | 4% |
| from CZK 5,000,000 | 5% |
| from CZK 10,000,000 | 6% |
* The reward does not apply to mortgages with a one-year fixation period, loans intended for construction, reconstruction or renovation, or loans with a maturity of less than 10 years.
If you continue repaying your mortgage with Fio banka after the end of the initial fixation period, you may become eligible for an even higher reward.
| At refixation | |
|---|---|
| Outstanding mortgage balance | Reward based on interest paid* |
| up to CZK 1,000,000 | 0% |
| from CZK 1,000,000 | 3% |
| from CZK 3,000,000 | 6% |
| from CZK 4,000,000 | 7% |
| from CZK 5,000,000 | 8% |
| from CZK 10,000,000 | 9% |
* The reward does not apply to mortgages with a one-year fixation period
Illustrative example:
Mr Smart took out a CZK 4,500,000 mortgage to purchase an apartment, with a repayment term of 30 years and a 3-year fixation period. His interest rate was 4.78% p.a.
Throughout the initial fixation period, he repaid his mortgage regularly and on time, made no extraordinary repayments, and met all the Mortgage Repayment Reward Programme conditions. During this period, he paid a total of CZK 630,510.67 in interest.
As his mortgage falls within the band eligible for a 4% reward on the interest paid, he will receive a reward of CZK 25,220.43 at the end of the initial fixation period.
This amount will be used as an extraordinary repayment of the mortgage principal, reducing the outstanding loan balance and, consequently, the regular monthly instalment.
Note: This example shows the reward for the initial fixation period only. The reward for the second and each subsequent fixation period cannot be determined reliably when the mortgage is arranged, as it depends, among other things, on the outstanding mortgage balance at the beginning of the relevant fixation period and the actual amount of interest paid during that period. Therefore, the exact reward amount will always be calculated before the start of each new fixation period and communicated to the client via Internet Banking.
- Information about the Mortgage Repayment Reward Programme
- 0.2% interest rate discount for Payment Protection Insurance
In-house property valuation
Subject to certain conditions, we can carry out the property valuation ourselves free of charge, helping you save the cost of an external valuation. Find out what conditions need to be met.
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Reduce your interest rate and pay less every month
Have you saved at least CZK 50,000? Put your savings to work by reducing your mortgage interest rate and monthly repayments. Your money remains available whenever you need it, while helping you save every month. The Mortgage Savings Account is completely free of charge.
See how much you can save with a Mortgage Savings Account in our illustrative example.
Illustrative example: Mortgage of CZK 3 million, repayment term of 30 years, standard monthly repayment without a Mortgage Savings Account: CZK 14,987.
New clients can take advantage of our Mortgage Savings Account, which allows you to reduce up to 75% of your mortgage interest by maintaining a balance equal to the outstanding principal.
Take a look at our illustrative examples to see how you can save with a Mortgage Savings Account.
Calculate your interest rate and monthly mortgage repayment
Mortgage collateral
A mortgage loan must always be secured by a lien on residential real estate located in the Czech Republic, established in the first instance in favor of Fio banka. The lien is agreed upon for the financed real estate (including real estate under construction or land) or other suitable residential real estate.
The property is appraised by Fio banka's contracted appraisers based on the loan applicant's order. Upon agreement, it is possible to submit an appraisal prepared by another appraiser.
Under certain conditions, we can appraise the property ourselves, saving you the cost of an external appraiser's report. What conditions must be met?
What can you use as collateral?
- apartment
- family house
- recreational property (individual recreation)
- apartment building with up to 3 units
- building plot intended for residential development, provided that the planned construction is for residential property
Drawdown
You can draw down the loan on the basis of a proposal to register a lien. The standard drawdown period is 1 year for refinancing purposes; for construction, completion, or structural alterations, this period is a maximum of 2 years, and in other cases a maximum of 6 months. Drawdowns can be made in a single installment or gradually. For a mortgage to finance construction, you can request "drawing without invoices" up to 20% of the agreed mortgage loan amount, up to a maximum of CZK 300,000.
Repayment
You repay your Fio mortgage in monthly annuity payments collected from your current account held with Fio banka. Account maintenance is free of charge. Repayments are fixed at a constant amount for the duration of the fixed interest rate.
Annuity payments consist of interest on the loan and repayment of the principal. The client pays the first annuity payment on the 15th day of the month following the month for which the end of the loan drawdown is agreed.
What to do if you have trouble repaying your loan
- If you do not have enough money to repay your loan, start addressing the situation immediately.
- Visit a branch, call the info line at +420 224 346 800, or write to Fio servis directly from your banking account so that we can start looking for a solution together.
- We deal with each case individually. The solution may be, for example, a deferral of payments or a reduction in their amount based on an extension of the loan maturity.
- You can also take out repayment insurance, see below.
Repayment insurance
Do you want to be prepared for unexpected life situations? Take out repayment insurance, which will help you repay your loan in the following situations:
- In the event of death
- In the event of third-degree disability
- In the event of incapacity for work
- In the event of job loss
By taking out payment protection insurance, you will receive a 0.2% discount on the interest rate.
Insurance options
Package A – death + third-degree disability – fee of 0.6% per annum of the mortgage amount
Package B – death + third-degree disability + incapacity for work – fee of 0.7% per annum of the mortgage amount
Package C – death + third-degree disability + incapacity for work + loss of employment – fee of 0.85% per annum of the mortgage amount
Insurance can be arranged for new and existing mortgages (in which case the interest rate will be reduced from the second subsequent installment).
Related documents:
- Mortgage application
- Application - co-applicant
- List of materials
- Confirmation of employment income
- Proof of income statement (Czech)
- Employment income verification (English)
