Fio mortgage

Do you dream of living in your own apartment or family home with a garden? Don't want to pay rent your whole life knowing that you don't own the property? Or do you want to buy an apartment as an investment for the future? Whatever your reason, we will be happy to help you finance your home.

• We offer free loans, current and credit account management, fund reservations, and loan drawdowns.

For more information, contact our mortgage specialists.

Calculate your mortgage payment

Current discounts

• 0,4 % discount on the interest rate for mortgage refinancing
• 0,3 % discount on the interest rate for property purchase and other purposes according to the price list

The above discounts are available for mortgages up to 80 % of the property value, with a clean credit history.

• 0,2 % discount on the interest rate for payment protection insurance
• 0,1 % discount on the interest rate for loans exceeding CZK 1 million

We do not currently offer loans up to CZK 1.5 million.

Reduce your interest rate and pay less each month

Do you have at least CZK 50,000 saved up? Let them reduce your interest rate and thus your monthly mortgage payments. Your money is available to you at any time, and you can save money every month. Hypospořicí konto is completely free of charge.

A model example will show you how to save with Hypospořicí konto

Calculate your interest rate and monthly payment amount

Mortgage calculator

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)