CZK 1.5–50 million
how you will use the funds.
reward
reduces your interest rate and monthly repayments.
Why choose our American Mortgage?
- No fees for: loan arrangement, current and loan account maintenance, and loan drawdown.
- Interest rate stability with fixation periods of 1, 2, 3 or 5 years.
- More than 80 branches across the Czech Republic.
- Option to refinance your mortgage.
- View our interest rate overview.
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 or loans with a maturity of less than 10 years.
Illustrative example:
Mr Smart took out a CZK 4,500,000 American Mortgage (Home Equity Loan) with a repayment term of 30 years and a 3-year fixation period. His interest rate was 5.38% p.a.
Throughout the initial fixation period, he repaid his loan 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 711,320.40 in interest.
As his loan falls within the band eligible for a 4% reward on the interest paid, he will receive a reward of CZK 28,452.82 at the end of the initial fixation period.
This amount will be used as an extraordinary repayment of the loan principal, reducing the outstanding 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 loan is arranged, as it depends, among other things, on the outstanding loan 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 Internetbanking.
- Information about the Mortgage Repayment Reward Programme
- 0.2% interest rate discount for Payment Protection Insurance.
- The loan is always secured by a mortgage lien on the property.
- The maximum loan amount is 80% of the property's value.
This product is available to individuals and self-employed individuals aged 18 or over who are Czech citizens or EU citizens with temporary or permanent residence in the Czech Republic for at least one year.
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: American 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.
Collateral
Loans are capped at 80 % of the property value of:
- Residential unit
- Single-family home or apartment building
- Mixed use (max. 20% non-residential)
- Building lots for the construction of all defined property types of up to 4,000 m2
Loans are capped at 70 % of the property value of:
- Recreational structures for individual recreation purposes
- Non-residential space (office space)
- Office building
