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.
Loan drawdown
The maximum drawdown period is 3 months.
Repayment
Your American Mortgage (Home Equity Loan) is repaid in monthly annuity instalments collected by direct debit from a current account held with Fio banka, free of charge. The monthly instalments remain fixed throughout the selected interest rate fixation period.
Each annuity instalment consists of interest and principal repayment. The first annuity instalment is due on the 15th day of the month following the agreed end of the loan drawdown period.
What to do if you have difficulties repaying your loan
- If you do not have sufficient funds to repay your loan, address the situation immediately.
- Visit any of our branches, call our Customer Service Line on +420 224 346 800, or send us a message via Fio Service in Internet Banking so that we can work together to find a solution.
- Every case is assessed individually. Possible solutions include a repayment holiday or lower monthly instalments by extending the loan repayment term.
- You can also take out Payment Protection Insurance, as described below.
Payment Protection Insurance
Would you like greater peace of mind in the event of unexpected life situations? Take out Payment Protection Insurance to help cover your loan repayments in the following cases:
- Death
- Permanent disability (Level III)
- Temporary incapacity for work
- Loss of employment
By taking out Payment Protection Insurance, you will receive a 0.2% discount on your interest rate.
Insurance packages
Package A – Death + Permanent disability (Level III) – annual premium of 0.6% of the mortgage amount
Package B – Death + Permanent disability (Level III) + Temporary incapacity for work – annual premium of 0.7% of the mortgage amount
Package C – Death + Permanent disability (Level III) + Temporary incapacity for work + Loss of employment – annual premium of 0.85% of the mortgage amount
The insurance is available for both new and existing mortgages (for existing mortgages, the interest rate reduction will take effect from the second subsequent monthly instalment).
Important documents:
Insurance Policy and Special Insurance Terms and Conditions
Insurance Information
Insurance Product Information Document (IPID)
Summary Information on the Processing of Personal Data
